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BNY to be financial agent for the Treasury Department's prepaid debit card program

seekingalpha
2024-11-22
  • The Bank of New York Mellon (NYSE:BK) said on Thursday that it has been selected as the financial agent for the Treasury Department's Direct Express prepaid debit card program.
  • The five-year agreement begins on January 3, 2025.
  • The Direct Express prepaid debit card provides access to the federal benefit payments for ~3.4M Americans.
  • Source: Press Release

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