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Mellon Global Cash Management Plans Free Cyberconference on Benefits of Custom (Wholetail) Lockbox

07:55 EDT Friday, August 13, 2004

PITTSBURGH, Aug. 13 /PRNewswire-FirstCall/ -- A free cyberconference on "Custom (Wholetail) Lockbox - What is it and how can it benefit my company" will be presented by Mellon Global Cash Management (GCM), a treasury services business of Mellon Financial Corporation, on Wednesday, August 18 from 2-3 p.m. EDT. Registration for the event can be done online at or by calling 1 800 424-3004.

In this presentation, Mellon GCM's business-to-business receivables experts will explain how the unique custom (wholetail) lockbox application combines the benefits of both wholesale and retail lockbox processing into a single receivables stream. The free session also will describe the criteria for effectively utilizing a custom (wholetail) lockbox, as well as provide information on how the automated process may yield lower total receivables processing costs since participants instead focus their efforts on their core competencies.

Mellon GCM's next free cyberconference is "Reaping the Benefits of Your Disbursement Image Service" on Wednesday, September 22 from 2-3 p.m. EDT. The session will acquaint participants with the disbursement image process, giving them tips on how to best use their image software and Internet image capabilities. Mellon's disbursement product experts will also discuss the impending Check Clearing for the 21st Century Act (Check 21) and its potential impacts for participants.

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. In the most recent Phoenix-Hecht(R) Quality Index(TM) of 33 major cash management providers, Mellon GCM was revealed to be unsurpassed for product quality. In addition, Mellon GCM is the only electronic payments services provider in the U.S. to successfully complete a Level 3 Capability Maturity Model(R) (CMM(R)) Certification for its software engineering practices and attain ISO 9001:2000 Registration. More information on Mellon GCM is available at .

Mellon Financial Corporation (NYSE: MEL) 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, human resources and investor solutions, and treasury services. Mellon has approximately $3.6 trillion in assets under management, administration or custody, including more than $675 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 .

SOURCE Mellon Financial Corporation

CONTACT: Ron Gruendl of Mellon Financial Corporation, +1-412-234-7157, or

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