PUBLIC SECTOR
BANKING SERVICES
Helping governments optimize public sector payments, navigate change
and enhance financial operations with our leading banking solutions.
Government banking services connecting agencies and communities
As a mainstay to federal, state and local governments for 240 years, BNY continues to serve agencies including the United States Department of the Treasury, government-sponsored enterprises (GSEs) and multi-lateral organizations, to help deliver enhanced efficiencies for both transaction security and operational transparency.
Optimizing Government Disbursements
BNY’s digital payments platform – Vaia® - offers payees a variety of digital payment options to receive funds securely and efficiently through their preferred payment method. It offers clients an opportunity to connect to one of two instant payment networks via a single solution to provide businesses and individuals in the U.S. with instant payment settlement into their accounts.
Enabling Financial Inclusion in Government Banking
BNY’s strategic alliance with MoCaFi® extends payment options to unbanked and underbanked communities in the U.S. This digital disbursement payment service seamlessly distributes payments to individuals and further democratizes access to the financial ecosystem.
Strengthening Fraud Controls
Strengthened payment controls can help mitigate the risk of problematic payments – on both the sending and receiving sides – without requiring significant technology investments. Comprehensive Validation Solutions can help authenticate identity, payee and payment details and detect fraud scenarios.
Government banking solutions for the Public Sector
BNY provides tailored financial solutions to governments including local, state and federal agencies. Our comprehensive banking and treasury management services can help the public sector manage funds efficiently, streamline payments and optimize cash flow. With a deep understanding of public sector challenges, BNY leverages technology and expertise to enhance operational efficiency for governments and their constituents.
Move money with efficiency and security
The momentum of change and innovation in the payments market has accelerated the adoption of new technology and payment rails. The market is driving a growing need for faster, real-time payments (via the RTP® network) and the demand for faster, safer disbursements. Digital payment options can help government agencies reduce costs, minimize fraud and improve client relationships.
Optimize cash flow and drive operational efficiency
When it comes to navigating evolving macroeconomics, cash flow is critical. Major external factors such as digitization, automation, emerging technologies and risk management are impacting treasurers’ expectations around managing money, and they are looking for cash balances to work more efficiently for their company. BNY’s complete end-to-end cash management solutions help clients achieve operational efficiency, deliver greater value to their customers, enhance liquidity for global businesses and solve for complex payments and financing needs.
Assess risk and implement controls
Payment fraud is a growing market concern as the industry transitions from a traditional to a more digitized world. BNY’s fraud prevention services provide robust tools to help our clients validate account status, account ownership, identity verification and other self-service controls which help mitigate potential fraud and enable a safe and efficient payment process.
Using real-time payments to provide rapid assistance
Through consistent collaboration, BNY and Conduent created the Rapid Assistance Solution. This real-time payments innovation can deliver faster financial relief and resources to individuals and families impacted by natural disasters and crises.
LiquidityDirect®: a comprehensive short-term investment platform
Long known as the leading money market fund investment portal, LiquidityDirect has transformed to a comprehensive short-term investment platform. LiquidityDirect offers a variety of innovative solutions to meet your dynamic investment and risk criteria and easily enables execution of your liquidity strategy. Our enhanced platform allows clients to effortlessly do work, gain insights and manage preferences. With access to a suite of more than 100 investment vehicles, integration with multiple Treasury Management workstation and many Focus Investing options, we offer end-to-end solutions for your liquidity management.
