BNY Mellon Provides EBPP Solution to American Red Cross
American Red Cross is using BNY Mellon Treasury Services’ electronic bill presentment and processing (EBPP) solution to bill hospitals and other health care providers for Red Cross services in connection with the provision of blood products.
Developed by BNY Mellon’s ClearTran operation, the solution provides Red Cross customers with both EBPP and paper-based billing alternatives, and is integrated with the Red Cross treasury operations platform.
“The American Red Cross is the largest single supplier of blood and blood products in the US, collecting and processing more than 40% of the nation’s blood supply,” said Tim Grouge, vice president, shared services centre, American Red Cross. “We need to be as efficient and effective as possible in our back-office functions. The EBPP solution will help streamline the billing process for hospitals and other constituents who use our services.”