Vaia, the brand new aggregated funds platform from US multinational BNY Mellon, has been launched to supply home companies with probably the most present digital fee choices for disbursements.
The brand new platform, which was constructed by means of a collaboration with Verituity, a cloud-based answer that connects banks, payers and payees to first-time and on-time digital payouts, seeks to cut back the time and sources wanted for companies to attach with numerous fee rails.
Via a single integration with BNY Mellon, US-based establishments can now present their payees with entry to Vaia’s numerous fee choices, which embody real-time funds (RTP), same-day ACH, tokenised funds with Zelle, and debit playing cards.
The platform additionally deploys the funding firm’s account validation companies to confirm payee identities and validate accounts end-to-end, serving to to mitigate the rising variety of fee fraud instances worldwide.
Talking on the platform’s launch, BNY Mellon’s CEO of treasury companies, Jennifer Barker, explains how “finish prospects need better selection in how they’re paid,” however with so many digital fee choices rising, “companies are struggling to remain updated with, and linked to, the newest capabilities.”
Barker provides that the launch ensures that its shoppers’ finish prospects “at all times have entry to the newest suite of digital fee choices.”
Vaia is at the moment obtainable to BNY Mellon shoppers within the US, with plans to assist cross-border funds in future roll-out phases.
