back Back

Conduent collaborates with BNY Mellon to launch its Digital Integrated Payments Hub

By Edlyn Cardoza

November 24, 2022

  • ACH
  • API
  • Bny Mellon
Share

BNY Mellon, API, Conduent Incorporated, Business Process Solutions Company, Digital Integrated Payments Hub, Real Time Payments, The Clearing House, Zelle, Fraud Management, Digital Payments, ACH, USAConduent Incorporated, a global technology-led business process solutions company, announced the launch of its new Digital Integrated Payments Hub enabling businesses and public sector agencies to access secure, faster, and cost-effective options to send, request or receive payments.

“We know that consumers increasingly prefer the convenience, immediacy, and security of established digital payment services. By adding BNY Mellon as our payments infrastructure provider, we can now offer clients across the Government, Commercial and Transportation segments new payment options that reduce costs, mitigate fraud and provide timely benefits,” said Rob Houser, Global Head of Strategy & Corporate Development at Conduent.

By integrating the payment capabilities of BNY Mellon’s trusted infrastructure, Conduent’s new Digital Integrated Payments Hub speeds up refunds, rebates, and overpayment remediations from as many as 10 days to a matter of minutes while providing the ability to conveniently and transparently track transactions.

Conduent is the first business process outsourcing provider to offer a centralised platform consolidating different payment processes and systems, including the latest solutions such as real time payments from The Clearing House and Zelle, reducing the cost of paper checks and creating an enhanced customer experience.

“Conduent’s Digital Integrated Payments Hub becomes a natural, technical integrator to our existing suite of services at a time when many commercial and public sector clients are focused on gaining efficiencies and improving the customer experience,” Houser added.

As the first institution to originate a payment on the RTP network, BNY Mellon’s collaboration with Conduent is the latest example of the bank’s commitment to transforming the global payment system. “By marrying our 238-year legacy of trust and innovation with investments in the newest capabilities, BNY Mellon is providing the means for businesses to expand consumer access to a range of popular and proven payment technologies,” said Carl Slabicki, co-head of global payments at BNY Mellon. “The benefits in transportation alone could make commuting a more seamless experience.”

The Digital Integrated Payments Hub has a simple API, connecting clients seamlessly with a single connection that allows for sending payment instructions or accessing data for payment reconcilement quickly and securely. The hub builds on Conduent’s current payment solutions offerings, including Automated Clearing House (ACH) transfers, pre-funded debit cards, and PayPal, for example.

Previous Article

November 24, 2022

SUNRATE announces strategic partnership with travel company, Agoda

Read More
Next Article

November 24, 2022

3S Money partners with Crown Agents Bank to support international trade

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

ACH

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Hecto Financial eases cross-border transactions with new solution

Read More

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024

Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023