Mellon Global Cash Management to Highlight Payment Solutions at Payments 2006 Conference

PITTSBURGH, May 4 /PRNewswire-FirstCall/ -- Mellon Global Cash Management (GCM) will provide a number of innovative product and service demonstrations in Booth 430 during the Payments 2006 at the San Diego Convention Center from Sunday, May 7 through Wednesday, May 10.

During the event, Mellon GCM representatives will be available to discuss the following:

- SourceNet Solutions - As a market leader in accounts payable outsourcing, SourceNet has consistently demonstrated the ability to help companies reduce their direct operating costs by as much as 40 percent and achieve continuous process improvement. - Liquidity Management Service (LMS) - Mellon's comprehensive Web-based investment tool that enables customers to conveniently execute money market mutual funds and securities online, in addition to providing extensive transaction and performance reporting capabilities. - Remote Check Capture - Enables clients to scan and truncate the checks they receive from their payors and then electronically transmit the images to Mellon, where substitute checks are printed and processed either through wholesale lockbox or directly through deposit operations. - Mellon iTelecash(R) - Comprehensive Web-based information reporting and transaction initiation at your fingertips.

To schedule a product demonstration or a meeting with a Mellon GCM representative during Payments 2006, call 1 800 424-3004 or e-mail Mellon GCM at gcm_direct_pgh@mellon.com.

In addition, GCM officials will be participating in the following information sessions during the conference:

- "Energizing Payables Processes" - Monday, May 8 at 8 a.m., with Dan Reiff, senior vice president of business development, SourceNet Solutions; D. Jody Day Jr., chief accounting officer, Drive Financial Services; and Michele Rodgers, controller, Drive Financial Services. - "Enterprise-wide Payment Strategies" - Monday, May 8 at 2:15 p.m., with John Lucas, first vice president and director of product management, Mellon GCM, as a panelist. - "Assessing the Potential Impact of Back Office Conversion (BOC)" - Tuesday, May 9 at 11:15 a.m., with Sam Robb, vice president and senior product manager, Mellon GCM, as a panelist. - "So Just What Kind of Bank Are You Anyway" - Tuesday, May 9 at 4:30 p.m., with Sam Robb, vice president and senior product manager, Mellon GCM, as a panelist. - "Back Office Conversion - A Rules-based Examination" - Wednesday, May 10 at 9:15 a.m., with Sam Robb, vice president and senior product manager, Mellon GCM, and Carinda Conahan, director of network rules, NACHA - the Electronic Payments Association. - "ACH Makes the Grade, an A+ for Carnegie Mellon University" - Wednesday, May 10 at 10:30 a.m., with Michelle Palombo, vice president and information services product line manager, and Linda Anderson, director of enrollment services, Carnegie Mellon University.

Mellon Global Cash Management, a payments industry leader synonymous with quality performance and known for its innovation and expertise, designs comprehensive solutions through its broad line of cash management services to meet the specialized treasury needs of corporations, nonprofit organizations and financial institutions. Independently-administered customer satisfaction surveys consistently reveal that Mellon GCM continues to distinguish itself from its competition in the areas of operating quality, commitment to cash management and customer service. In addition, Mellon GCM was awarded A rankings for both products and bank perceptions in the 2006 Phoenix-Hecht(R) Quality Index(TM). Mellon GCM also is the only electronic payments services provider in the U.S. to successfully complete both a Level 3 Capability Maturity Model(R) (CMM(R)) assessment for its software engineering practices and attain ISO 9001:2000 Registration. More information on Mellon GCM is available at http://www.mellon.com/gcm.

Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and investor services, and treasury services. Mellon has approximately $4.9 trillion in assets under management, administration or custody, including $808 billion under management. News and other information about Mellon is available at http://www.mellon.com/.