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Innovative Banks Back Intelligent Bill Pay Capability on the RTP® Network Leading financial institutions and FI technology providers commit to a reimagined bill payment experience for billers and bank customers News provided by Share this article Share this article NEW YORK, May 5, 2021 /PRNewswire/ Today, CEOs of 23 leading financial institutions, along with the chief executives of Jack Henry & Associates and Fiserv, are committing to delivering the next revolution in how bills are delivered and paid by creating a smarter, safer, and more transparent digital experience via the RTP® Network, the real-time payments network from The Clearing House. In a letter, the CEOs of the companies backing the new bill pay capabilities stated their organizations are making the investments needed to deliver a new bill-pay experience over mobile and online channels. Billers will be able to present a bill securely through a bank s digital channel using a RfP (Request ....
Boxed in by ultra-low interest rates, Bank of New York Mellon waives fees to keep customers crainsnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsnewyork.com Daily Mail and Mail on Sunday newspapers.
fee revenue and other revenue. Prior periods have been reclassified. See Reporting Changes beginning on page 9 for additional information. KEY DRIVERS Total revenue includes corporate treasury and other investment activity, including hedging activity which offsets between fee and other revenue and net interest expense. Other revenue decreased year-over-year and sequentially, primarily reflecting an impairment of a renewable energy investment. The sequential decrease in other revenue was partially offset by a loss on a sale of a business recorded in 4Q20. Noninterest expense increased year-over-year primarily reflecting higher staff expense. The sequential decrease primarily reflects real estate charges and severance expense both recorded in 4Q20, partially offset by higher other staff expense. ....
Bank of New York Mellon ( BK) - Get Report shares fell Friday after the custody bank registered revenue and earnings declines for the first quarter. Revenue dropped 5% from last year to $3.9 billion. Net income registered $932 million, or 97 cents per share, down from $962 million, or $1.05, a year ago. BNY Mellon has suffered from strong competition in the custody industry, which has pushed down prices for custody services. The FactSet analyst consensus called for earnings per share of 87 cents. The company’s stock recently traded at $46.72, down 2.7%, but has jumped 29% over the past six months amid a rally for bank stocks that has resulted from rising Treasury yields. ....