In order to provide a fully integrated solution for clients making cross-border payments, iDeal Forex unites the electronic payment processing capabilities of BNY Mellon Treasury Services with the FX trading capabilities of BNY Mellon Global Markets.
The application also provides an array of informational and reporting services, including beneficiary e-mail notification.
BNY Mellon Treasury Services executive vice president and global head of Business Strategy & Market Solutions Susan Skerritt said FX conversions are key to global payment processing, and this expansion in the availability of iDeal Forex is part of a larger, strategic effort to leverage the company’s strengths in payments and global markets to the benefit of its clients.
