BNY Mellon | Pershing Adds Real-Time Payments to Its NetXInvestor® Platform

Rhea-AI Summary

BNY Mellon | Pershing has integrated Real-Time Payments (RTP) technology into its NetXInvestor® platform, enhancing the portal used by broker-dealers and registered investment advisors. This cutting-edge feature allows real-time deposits and withdrawals, enabling instant, secure access to funds. The integration reflects BNY Mellon's commitment to innovation in digital payments, aiming to improve efficiency for clients. The RTP also supports environmental sustainability by reducing paper-based processes. This new capability is expected to enhance client satisfaction and broaden access to fast money transfers.

Positive

• Integration of Real-Time Payments (RTP) enhances user experience on NetXInvestor® platform, driving client satisfaction.
• RTP technology promotes environmental sustainability by reducing reliance on paper-based processes.

Negative

• None.

The new feature enables firms and consumers to make real-time transfers using BNY Mellon | Pershing's portal.

NEW YORK, Jan. 18, 2023 /PRNewswire/ -- BNY Mellon | Pershing announced today that it is integrating Real-Time Payments (RTP) technology into its NetXInvestor® platform, an investor portal used by broker-dealer and registered investment advisor firms to help clients manage their portfolios.

RTP is a new form of electronic money transfer that enables real-time deposits and withdrawals, giving broker-dealers and investors instant, 24/7/365, on-demand access to irrevocable and secure funds (subject to funds availability).

"Automation and efficiency are high priorities for investment professionals and consumers, so we are continually innovating and adding to our suite of digital payables and receivables functions for NetXInvestor®, like this BNY Mellon-developed RTP technology," says Ram Nagappan, CIO of BNY Mellon | Pershing.

BNY Mellon has been at the forefront of innovating in the digital payments space, including launching the first-of-its-kind real-time electronic billing and payment solution. The pioneering capability enables U.S. businesses to present digital bills to consumer clients in real-time and receive instant payment via their preferred online and mobile banking channels.

"We've seen incredible progress in client satisfaction since the launch of Real-Time Payments, plus it helps protect the environment by reducing the negative impacts of paper-based processes," says Carl Slabicki, Co-Head of Global Payments, Treasury Services, BNY Mellon. "This new application allows BNY Mellon to bring easy and accelerated money transfers to more of our clients and their investors."

Media Contact
Liz Ozaist
Email: Elizabeth.ozaist1@bnymellon.com
Phone: +1 347-528-3559

ABOUT BNY MELLON | PERSHING

BNY Mellon | Pershing is a leading provider of clearing and custody services. We are uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation.

Wealth management and institutional firms outsource to us for trading and settlement services, investment solutions, bank and brokerage custody, middle and back-office support, data insights, and business consulting.

Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client.

Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over $2 trillion in assets and millions of investor accounts. Pershing affiliates include Albridge Solutions, Inc. and Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940. Additional information is available on pershing.com, or follow us on LinkedIn or Twitter @Pershing. 

 

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SOURCE Pershing, LLC

FAQ

What is the new feature introduced by BNY Mellon | Pershing?

BNY Mellon | Pershing has introduced Real-Time Payments (RTP) technology into its NetXInvestor® platform.

How does RTP technology benefit clients of BNY Mellon?

RTP technology allows for real-time deposits and withdrawals, providing instant access to funds.

When was the RTP feature announced by BNY Mellon?

The RTP feature was announced on January 18, 2023.

What does RTP technology facilitate for investors?

RTP technology facilitates secure and instantaneous access to funds for investors and broker-dealers.

How does the RTP integration affect BNY Mellon's operations?

The RTP integration enhances automation and efficiency in BNY Mellon's digital payments operations.