Maryland-based National Institutes of Health Federal Credit Union (NIHFCU) will be providing global remittance services to its members using BNY Mellon's Remit Worldwide global remittance solution.
BNY Mellon said that NIHFCU’s remittance offering will enable members to remit funds to beneficiaries in more than 17 countries on 5 continents in a safe and secure banking environment.
Juli Anne Callis, president and CEO of NIHFCU, said: “Our members come from every continent as they engage in cutting edge biomedical research or in the health care industry here in the USA. The global diversity and high-end educational and occupational demographics of our membership make remittances a natural addition to our portfolio of service offerings.
“Tapping BNY Mellon’s strengths has allowed us to provide best-of-breed remittance offerings to our members in an efficient, cost-effective manner.”
Dominick Petramale, Remit Worldwide product manager for BNY Mellon Treasury Services, said: “NIHFCU’s delivery of remittances as a member service marks an important development in the continuing expansion of Remit Worldwide as a global remittance network.”