Monday, February 6, 2023
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HomeNewsBusinessReal-Time Payments Are Now Available on Pershing’s NetXInvestor Platform

Real-Time Payments Are Now Available on Pershing’s NetXInvestor Platform

Real-Time Payments (RTP) technology is being incorporated by BNY Mellon Pershing into its NetXInvestor® platform, which is an investor portal utilised by broker-dealer and registered investment advisor companies to assist clients in managing their portfolios.

RTP is a novel method of electronic money transmission that allows for real-time deposits and withdrawals, allowing brokers, dealers, and investors rapid access to secure, irrevocable monies whenever they need it, around-the-clock (subject to funds availability).

According to Ram Nagappan, CIO of BNY Mellon | Pershing, “Automation and efficiency are high priorities for investment professionals and consumers, so we are constantly innovating and adding to our suite of digital payables and receivables functions for NetXInvestor®, like this BNY Mellon-developed RTP technology.”

BNY Mellon has been at the forefront of innovation in the field of electronic payments, having introduced the first real-time electronic billing and payment solution of its kind. With this ground-breaking capacity, American companies can instantly offer digital bills to customers and receive payments using their preferred online and mobile banking channels.

According to Carl Slabicki, Co-Head of Global Payments, Treasury Services, BNY Mellon, “We’ve witnessed great progress in client satisfaction since the launch of Real-Time Payments, plus it helps protect the environment by eliminating the negative impacts of paper-based operations.” “With the help of this new application, BNY Mellon is able to make money transfers quick and simple for a larger number of our clients and their investors.”

Patrick Huston
Patrick Huston
As a senior editor, Patrick is a professional who is in charge of putting out business news. As a senior editor, Patrick is likely to be in charge of the duties of junior editors and writers, make sure the content is correct and high-quality, and work with other departments to make sure the business news is published on time. Patrick knows a lot about business and the latest market trends. He uses this knowledge to choose and edit stories that are both interesting and useful to readers. He also works with reporters and analysts to come up with insightful pieces that help readers keep up with the latest business news. Patrick is a very important part of keeping the public informed and interested in important business issues. He is passionate about journalism and strives for excellence.


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