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Mellon Global Cash Management To Highlight Payment Solutions at Windy City Summit

20 May 2005

Mellon Global Cash Management (GCM), a Payment Solutions and Investor Services business of Mellon Financial Corporation (NYSE: MEL - News), will provide a number of innovative product and service demonstrations in Booth 206 during the annual Treasury Management Association of Chicago conference. The Windy City Summit will take place at the Hilton Chicago & Towers Wednesday, May 25 through Friday, May 27.

During the event, Mellon GCM representatives will demonstrate the following products:


- Liquidity Management Service (LMS) - A comprehensive Web-based
investment tool that enables customers to conveniently execute money
market mutual funds and fixed income securities transactions online.
- Retail Lockbox - Web-based image archive and same-day exception item
processing services. Representatives also can discuss Accounts
Receivable Check (ARC) conversion.
- Mellon iTelecash® - Comprehensive Web-based information reporting and
transaction initiation at your fingertips.

To schedule a product demonstration or a meeting with a Mellon GCM representative during the Windy City Summit, please call 1 800 424-3004 or e-mail Mellon GCM at gcm_direct_pgh@mellon.com.

In addition, GCM officials will be participating in the following information sessions during the conference:


- "New Automated Solutions to Short-Term Investing" - Wednesday, May 25
at 2 p.m. with Kirk Black, Mellon GCM's Liquidity Management Service
senior product manager.
- "Consumer Lockbox Payment Processing - Internal Processing vs.
Outsourcing" - Wednesday, May 25 at 3:40 p.m. with Blaine Carnprobst,
Mellon GCM's lockbox and government solutions product line manager.
- "Practical Applications of New Technology in Treasury Operations" -
Wednesday, May 25 at 3:40 p.m. with Greg Malosh, Mellon GCM's
information and investments product line manager.

Mellon Global Cash Management, a payments industry leader synonymous with quality performance and known for its innovation and expertise, designs comprehensive solutions through its broad line of cash management services to meet the specialized treasury needs of corporations, nonprofit organizations and financial institutions. Recently, an independently-administered customer satisfaction survey revealed that Mellon GCM continues to distinguish itself from its competition in the areas of operating quality, commitment to cash management and customer service. In addition, Mellon GCM was one of only two providers to achieve an A+ average for product performance in the 2004 Phoenix-Hecht® Quality Index(TM) of 33 major cash management providers. Throughout 2005, Mellon GCM is celebrating its 50th anniversary in remittance processing. In addition, Mellon GCM is the only electronic payments services provider in the U.S. to successfully complete both a Level 3 Capability Maturity Model® (CMM®) assessment for its software engineering practices and attain ISO 9001:2000 Registration. More information on Mellon GCM is available at http://www.mellon.com/gcm .

Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and investor services, and treasury services. Mellon has more than $4.0 trillion in assets under management, administration or custody, including $729 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at http://www.mellon.com .




--------------------------------------------------------------------------------
Source: Mellon Financial Corporation

Source: PR Newswire


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