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.