Tool Time

BNY Mellon Adds MasterCard Gateway. BNY Mellon Treasury Services will integrate the MasterCard Payment Gateway into its suite of payment solutions for corporate clients, providing an electronic B-to-B payments network to link clients with their suppliers. Complementing the ACH, wire transfer and check payment services already available from BNY Mellon, the MasterCard Payment Gateway will allow BNY Mellon clients to take advantage of the speed, cost efficiency, security and disbursements management benefits of electronic B-to-B card payments.

Expanding Online Expense Reporting. Accounting and payroll software developer CYMA Systems is offering its clients online expense functionality from Certify, which provides solutions for scanning, uploading, storing and processing receipts. Certify Wallet and Certify Corporate applications will be offered via the Web and phone platforms as a subscription for a single user or in corporate pricing packages, according to the company.

New Valuation Tools for Asset-Backeds. London-based Pricing Partners, an independent valuation firm specializing in mathematical models and analytics for derivatives and structured products, has added new tools to evaluate asset backed securities (ABS) to its Pricing Partners libraries, which enable users to value similar or derived products like collateralized debt obligations and mortgage-backed securities (MBS). Within this new framework, the user can take into account both the prepayment risk and the default risk. The user will be able to mark its own assumptions and use market data coming from traditional platforms like Intex or Bloomberg, the company said.

XBRL Tags Pile Up discusses the mandate to tag details in financial statement footnotes, which could mean a lot of work for big companies this year.


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