DTCC Payment aXis®
Manually processing mutual fund invoices is costly, time-consuming and risk-prone. Listen to industry insiders Barbara Browne* and Chris Deonier* as they discuss the issues faced in an industry moving increasingly toward more complex, broker-controlled accounting. Hear how DTCC Payment aXis, the industry’s only automated solution in this space, efficiently and safely transmits and settles mutual fund commissions and fee payments for both retirement plan and broker-controlled accounts.
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How does DTCC Payment aXis work?
* Barbara Browne is a Vice President of Boston Financial Data Services’ Financial Intermediary Administration Group and the Chair of the Investment Company Institute’s (ICI) Omni Invoicing Task Force; Chris Deonier is Vice President of Matrix, a Broadridge Company and a member of the ICI Omni Invoicing Task Force.