BNY selected to manage Treasury Direct Express Program

The U.S. Department of the Treasury’s Bureau of the Fiscal Service has announced the selection of The Bank of New York Mellon Corporation (“BNY”), a global financial services company, as the financial agent for the Fiscal Service's Direct Express program.

In its press release, Fiscal Service said it selected BNY as the new financial agent for the program after conducting a competitive selection process and evaluating proposals from multiple financial institutions. Based on this review, Fiscal Service determined that BNY’s suite of features and customer service options will enable an evolution in the Direct Express program by providing enhanced efficiency and services tailored to the program’s customer base. With the new financial agent, customers will enjoy rent and other bill payment solutions, virtual cards, cardless ATM access, chat and text customer service, online dispute filing, in-person identity authentication options, and more.