Highnote appointed by BNY to Modernize B2B Payments with Next Generation Virtual Card Integration

San Francisco, CA – March 25, 2025 – Highnote, a leading modern card issuance and payments platform, announced its agreement with The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, to integrate Highnote’s advanced virtual card issuance capabilities with BNY’s B2B payments offering.

Automating and optimizing B2B payments has become a key lever for companies to manage cash flow, streamline operations and reduce fraud. Highnote’s advanced technology supports this transformation by including for the first time, instant virtual card issuance, automated supplier payments, and reconciliation for its customers.

“Through working with Highnote, we are able to expand our payment offerings and provide our clients with a reliable and secure payment solution,” said Carl Slabicki, Executive Platform Owner, Treasury Services at BNY.

“We are excited to be working with BNY as they deliver modern API automation to their treasury and payments customers,” said John MacIlwaine, CEO at Highnote. “BNY is one of the nation’s largest and most respected providers of treasury services and we are proud to have been selected for their virtual card issuance.”

This announcement highlights Highnote’s role in the modern payments space and reflects the broader opportunity for financial services firms to adopt advanced payment platforms. The agreement aims to support the ongoing transformation of B2B payments.

About Highnote

Highnote is an embedded finance company setting the new standard in modern card platform management. Its integrated technology enables companies of all sizes to embed virtual and physical card payments, ledger, and wallet functionalities into their products, creating compelling value for users. Highnote has raised more than $150 million from leading investors and is headquartered in San Francisco, California. Visit highnote.com for more information.

About BNY

BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of December 31, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.