BNY Mellon announced a strategic collaboration with risk and payments solution provider Early Warning Services, LLC (EWS) to deliver account validation services to clients and offer the flexibility to tailor a solution to meet clients’ individual needs. Through this new solution, BNY Mellon will enable clients to validate the status and owner of accounts across the U.S. in real-time, providing increased risk and fraud prevention capabilities prior to the execution of payments.
This announcement marks another step in BNY Mellon’s ongoing strategy to provide digital payment services that support clients with all their payment needs. “We are very pleased to work with Early Warning Services to bring this integrated solution to our clients,” said Michael Bellacosa, Global Head of Payments and Transaction Services, BNY Mellon. “Our goal is to support our clients’ digital journeys in the payments space and to help them achieve greater operational efficiencies, manage risk and reduce cost”.
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