BNY Mellon Partners With Early Warning Services For Faster Payment Times
PYMNTS
JULY 5, 2020
By leveraging EWS’ Real-time Payment Check service with account owner authentication, BNY Mellon’s solution will aid in speeding up validation, so long as the account is open and in good standing, and the payee is authorized to sign on the account. Due to the real-time factor, fraud can be mitigated, the release states.
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