Boston, November 6, 2019 –New payment networks have been launched at an increasingly fast rate in the U.S. and globally, but knowing when and how to connect to a real-time rail can be a challenge for banks. For financial institutions that have not yet gone live with real-time payments capabilities, third-party services providers are often the best option, and having a bank serve as a third-party service provider is a new innovation in the market. BNY Mellon has leveraged its own faster payments infrastructure to enable other organizations’ connectivity to The Clearing House’s RTP as well as Zelle and is enabling easier and wider market adoption of and participation in these services.
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