BofNY Mellon Inks Remittance Deal with IBERIABANK

The Bank of New York Mellon will provide its Remit Worldwide private-label global remittance services solution to IBERIABANK and Pulaski Bank and Trust Co., the two bank subsidiaries of IBERIABANK Corp. Remit Worldwide is a private-label solution that will enable clients of IBERIABANK and Pulaski Bank and Trust to remit funds directly to beneficiaries in other countries. The solution is being delivered by The Bank of New York Mellon's treasury services group.

"We're committed to making it easier for banks to participate in the growing remittance market, and the continued growth of Remit Worldwide reflects our success adding important features and functionalities," said Wendy Miller, director of remittance services with The Bank of New York Mellon. "Some of these innovations, notably the compliance enhancements announced earlier this [November], make Remit Worldwide an even better solution for our client banks. Others, like the new text messaging feature that allows remitters in the U.S. to send text messages to payees overseas alerting them to remittance transactions, are making Remit Worldwide even more attractive to the clients of banks that use our service."