KeyPoint Credit Union Selects The Bank of New York Mellon to Provide Remittance Services to Silicon Valley Members
January 14 2009 - 8:30AM
PR Newswire (US)
NEW YORK, Jan. 14 /PRNewswire/ -- The Bank of New York Mellon, the
global leader in asset management and securities servicing, today
announced that it will be providing its Remit WorldwideSM
private-label global remittance services solution to KeyPoint
Credit Union, one of the world's most technologically advanced
credit unions. Provided by The Bank of New York Mellon's Treasury
Services group, Remit WorldwideSM is a robust private-label
solution that will enable KeyPoint members to remit funds directly
to beneficiaries in other countries. A major form of cross border
funds transfer, remittances are an important banking tool for bank
clients with beneficiaries abroad. "Since our inception, we have
focused on technology as the key resource in meeting the banking
needs of our members," said Juli Anne Callis, KeyPoint Executive
Vice President and Chief Operating Officer. "The Bank of New York
Mellon's Remit Worldwide platform measures up to the global
interests and technologically advanced expectations of our members,
and we're delighted to be adding remittance payments to our
extensive list of service offerings." "Remit Worldwide reflects our
continuing commitment to combining superior banking technology with
our global network of banking relationships and extensive
experience as a provider of banking services," said Eric Kamback,
Chief Executive Officer, Treasury Services, with The Bank of New
York Mellon. "We're excited about the prospect of providing our
remittance solution to a client with such a rich tradition of
technological innovation." With locations in 34 countries on six
continents and a network of more than 2,000 correspondent financial
institutions, The Bank of New York Mellon's Treasury Services group
delivers high-quality performance in global payments, trade
services, cash management, capital markets, foreign exchange and
derivatives. It helps clients optimize cash flow, manage liquidity
and make payments more efficiently around the world in more than
100 currencies. The Company is a top-five participant in both the
CHIPS and overall funds transfer markets, and was recognized by
Global Finance magazine in 2008 as the leading provider of
white-label treasury products and services for banks and other
large institutional clients. With more than $800 million in assets
and 80,000 members, KeyPoint Credit Union is one of the largest
credit unions in California. Founded in Silicon Valley by a group
from the American Electronics Association, Key Point Credit Union
has delivered innovative high-value banking services to its members
since its inception in 1979. Constantly reshaping its services and
products to meet the emerging needs of a constituency that is
intellectually advanced and globally mobile, KeyPoint in 2007
became the first financial institution to launch the Facebook
Banking Application, garnering Online Banking Report's "Best of the
Web" award. More recently, in June 2008, KeyPoint was recognized as
the "Business Member of the Year" by the Santa Clara Chamber of
Commerce & Convention-Visitors Bureau for outstanding
commitment to our communities within the heart of Silicon Valley.
For more information about KeyPoint Credit Union, visit
http://www.keypointcu.com/. The Bank of New York Mellon Corporation
is a global financial services company focused on helping clients
manage and service their financial assets, operating in 34
countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions,
corporations and high-net-worth individuals, providing superior
asset management and wealth management, asset servicing, issuer
services, clearing services and treasury services through a
worldwide client-focused team. It has $22.4 trillion in assets
under custody and administration, approximately $1.1 trillion in
assets under management and services approximately $12 trillion in
outstanding debt. Additional information is available at
http://www.bnymellon.com/. DATASOURCE: The Bank of New York Mellon
CONTACT: Ron Sommer, The Bank of New York Mellon, +1-412-236-0082,
Web Site: http://www.bnymellon.com/ http://www.keypointcu.com/
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