February 24, 2005

A free cyberconference on "Online Access to B2B Receivables Information -- Why Your Organization Needs It, How to Get It" will be presented by Mellon Global Cash Management (GCM), a treasury services business of Mellon Financial Corporation, on Wednesday, March 2 from 2-3 p.m. EST.

Registration for the event can be done online at http://www.mellon.com/insight05 or by calling 1 800 424-3004.

In this session, Mellon GCM product management experts will explain how their Web-based information reporting and transaction initiation service can give participants easy access to data about funds availability, automated lockbox information, and check and document images.

Numerous reporting and imaging tools will be overviewed, with an emphasis on how they support fast, informed decisions.

Other upcoming cyberconferences to be hosted by Mellon GCM include: - "Increasing Efficiency and Enhancing Internal Controls Through Online Investing" on Wednesday, March 16 from 2-3 p.m. EST.

Mellon's investment experts will explain how its solutions are helping customers save time, increase returns and promote regulatory compliance - all with a few clicks of a PC mouse.

Mellon Global Cash Management, a payments industry leader synonymous with quality performance and known for its innovation and expertise, designs comprehensive solutions through its broad line of cash management services to meet the specialized treasury needs of corporations, nonprofit organizations and financial institutions.

Recently, an independently-administered customer satisfaction survey revealed that Mellon GCM continues to distinguish itself from its competition in the areas of operating quality, commitment to cash management and customer service.

In addition, Mellon GCM was one of only two providers to achieve an A+ average for product performance in the 2004 Phoenix-Hecht(R) Quality Index(TM) of 33 major cash management providers. Throughout 2005, Mellon GCM is celebrating its 50th anniversary in remittance processing.

In addition, Mellon GCM is the only electronic payments services provider in the U.S. to successfully complete both a Level 3 Capability Maturity Model(R) (CMM(R)) assessment for its software engineering practices and attain ISO 9001:2000 Registration. More information on Mellon GCM is available at http://www.mellon.com/gcm.

Mellon Financial Corporation (NYSE: MEL) is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, human resources and investor solutions, and treasury services.

Mellon has approximately $4.0 trillion in assets under management, administration or custody, including $707 billion under management.

Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at http://www.mellon.com.

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