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John E. Lucas Elected to the Board of NACHA—The Electronics Payments Association

The Bank of New York Mellon’s Treasury Services group today announced the election of John E. Lucas, senior vice president and director of product management, to the Board of Directors of NACHA—The Electronic Payments Association. As a member of the NACHA Board, Lucas joins 18 other industry leaders in charting the direction of this key industry association. He rejoins the NACHA Board for a three-year term, having previously served as a director in 2003 and 2004.

A veteran of 27 years service with The Bank of New York Mellon, Lucas has focused for the last 14 years on the design and delivery of treasury management solutions. A payment systems expert from both a paper and electronic system perspective, he has been an active participant in the NACHA Electronic Check Council for more than ten years, and has held key leadership positions with the Council. A permanently Certified Cash Manager, Lucas holds a B.S. in business administration from Robert Morris University.

“NACHA plays a key role in shaping the changing electronic payments landscape, and as a leader in this important area of treasury services delivery, we’re proud to be playing an active role in helping the Association respond to the evolving needs of businesses, consumers, governments and others involved in the payment process,” said Eric Kamback, Chief Executive Officer, Treasury Services, with The Bank of New York Mellon.

NACHA—The Electronic Payments Association is a not-for-profit association that oversees the Automated Clearing House (ACH) Network, one of the largest electronic payment networks in the world. More than 18 billion ACH payments were exchanged in 2007. Representing more than 11,000 financial institutions through direct membership and 19 regional payments associations, NACHA brings together hundreds of diverse payments system stakeholder organizations to enable the development of new network services and applications.

With locations in 34 countries on six continents and a network of more than 2,000 correspondent financial institutions, The Bank of New York Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. The Company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $20.2 trillion in assets under custody and administration, $928 billion in assets under management and services more than $11 trillion in outstanding debt.