Under the terms of the deal, BNY Mellon will use the MasterCard Payment Gateway as an electronic B-to-B payments network connecting clients with suppliers. MasterCard provides BNY Mellon and its corporate clients with payment processing capabilities that can integrate with and enhance existing ERP and electronic invoicing investments. BNY Mellon Treasury Services delivers performance in cash management, global payments, trade services, capital markets, foreign exchange and derivatives. The company helps clients optimize cash flow, manage liquidity and make payments around the world in more than 100 currencies.
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