Mellon and Royal of Canada in alliance.

PITTSBURGH -- Mellon Bank Corp. has entered into an alliance with Toronto-based Royal Bank of Canada to deliver treasury management services to corporations.

The alliance is designed to make cross-border payroll services more efficient. Mellon customers in Canada can gain access to the bank through Royal, and Royal customers in the United States can use Mellon.

Robert Stafik, a Mellon executive vice president, said customers will have access to the gamut of Mellon services, including remittance processing and "telecash," which provides account balances and other account information via telephone.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER