Mellon Global Cash Management Launches New Remote Check Capture Service

Search Blogs that Mention this News Release
Click this link to view linked Bookmarking Services
Click this link to view linked Blogging Services
Mellon Global Cash Management Launches New Remote Check Capture Service
               - Customers benefit from time and cost savings -

    PITTSBURGH, Oct. 3 /PRNewswire-FirstCall/ -- Mellon Global Cash Management
(GCM) today announced the full rollout of its remote check capture service - a
new solution that enables corporate customers to scan and truncate checks they
receive from their payors and then electronically transmit the images to
Mellon GCM, where they are processed through wholesale lockbox or directly
through deposit operations.  Users benefit from decreased transportation
costs, enhanced customer service and accelerated access to cash.
    Mellon GCM has chosen RDM Corporation's innovative Image & Transaction
Management System (ITMS) as its check image capture and routing software.
This comprehensive check electronification platform is designed to help Mellon
GCM's corporate customers reduce check processing costs while increasing
efficiencies.
    To ensure the product's viability for its customers, Mellon GCM worked
with six clients to pilot its remote check capture technology.  Those
customers cited Mellon's new solution for its dependability and ability to
streamline their payments systems, as well as for the quick and responsive
support Mellon has consistently delivered.
    "Most companies have check payments presented to them that arrive outside
of their typical collections process.  The introduction of our remote check
capture solution is another example of our efforts to leverage Check 21 to
bring a more comprehensive receivables solution to the payments marketplace,"
said Robert W. Stasik, executive vice president and director of Mellon GCM.
"We are dedicated to satisfying our customers' desire to process check
deposits more efficiently, and expect our transaction volumes to grow steadily
as a result.  As the cash management industry continues to move toward
electronic check presentment, we are also devoting resources to explore future
applications of remote capture technology as part of our overall imaging
strategy."
    The new remote check capture service is among the number of innovative
product demonstrations that Mellon GCM will provide during the Association for
Financial Professionals Conference in San Antonio between 8 a.m. and 5 p.m. on
Monday, October 10, and Tuesday, October 11 at The Hilton Palacio del Rio,
200 S. Alamo St.
    Mellon Global Cash Management, a payments industry leader synonymous with
quality performance and known for its innovation and expertise, designs
comprehensive solutions through its broad line of cash management services to
meet the specialized treasury needs of corporations, nonprofit organizations
and financial institutions.  Recently, an independently-administered customer
satisfaction survey revealed that Mellon GCM continues to distinguish itself
from its competition in the areas of operating quality, commitment to cash
management and customer service.  In addition, Mellon GCM was one of only two
providers to achieve an A+ average for product performance in the 2004
Phoenix-Hecht(R) Quality Index(TM) of 33 major cash management providers.
Throughout 2005, Mellon GCM is celebrating its 50th anniversary in remittance
processing.  In addition, Mellon GCM is the only electronic payments services
provider in the U.S. to successfully complete both a Level 3 Capability
Maturity Model(R) (CMM(R)) assessment for its software engineering practices
and attain ISO 9001:2000 Registration.  More information on Mellon GCM is
available at http://www.mellon.com/gcm.
    Mellon Financial Corporation (NYSE: MEL) is a global financial services
company.  Headquartered in Pittsburgh, Mellon is one of the world's leading
providers of financial services for institutions, corporations and high net
worth individuals, providing institutional asset management, mutual funds,
private wealth management, asset servicing, payment solutions and investor
services, and treasury services.  Mellon has approximately $4.2 trillion in
assets under management, administration or custody, including $738 billion
under management.  Its asset management companies include The Dreyfus
Corporation and U.K.-based Newton Investment Management Limited.  News and
other information about Mellon is available at http://www.mellon.com.
SOURCE Mellon Financial Corporation
http://www.mellon.com/gcm
http://www.mellon.com
CONTACT:
Ron Gruendl of Mellon Financial Corporation,
+1-412-234-7157, or gruendl.rr@mellon.com