NYCE today announced that Flagstar
Bank of Troy, Mich., has renewed its NYCE Network participation and
named NYCE its exclusive provider of ATM and POS access. NYCE Payments
Network, LLC, is a leading U.S. electronic payments network and an FISâ¢
company. FIS is one of the worldâs largest providers of banking and
payments technology.
Flagstar Bank is a community bank with approximately 165 banking centers
in Michigan, Indiana and Georgia. The bank has $14 billion in assets as
of December 31, 2009, and contributes more than 100,000 cards and 230
ATMs to the NYCE Network.
âOur choice of NYCE as a network provider has been a strategically
important vendor relationship for Flagstar,â said Taryn Barlow, first
vice president, Retail Banking Operations, Flagstar Bank. âNYCE has
consistently demonstrated its commitment to support our goals by
providing solutions that meet the needs of our customers, while being
friendly to our bottom line. We are confident that NYCEâs nationwide
network coverage will make our transition to an exclusive relationship
worry-free, and we believe that the conversion will result in even more
opportunities for increased revenue and cost efficiency.â
âFlagstar Bank is known for implementing advanced technology for the
benefit of its customers,â said Neil Marcous, president, NYCE. âThe
expansion of this relationship is a validation of NYCEâs focus on
driving an industry shift to electronic payment solutions that give
consumers the convenience and access theyâre seeking, while making
economic sense for financial institutions.â
In addition to NYCE participation, FIS provides Flagstar Bank with
production services for all of its card programs.
About Flagstar Bank
Flagstar Bank is a subsidiary of Flagstar Bancorp (NYSE: FBC), a bank
holding company headquartered in Troy, Mich. With $14 billion in total
assets, Flagstar is the largest savings bank headquartered in the
Midwest. Flagstar operates 165 banking centers in Michigan, Indiana and
Georgia. Flagstar Bank originates loans nationwide and is one of the
leading originators of residential mortgage loans. For more information,
please visit www.flagstar.com.
About NYCE
NYCE Payments Network, LLC, an FIS⢠company, helps its clients grow with
innovative new products and strategic alliances that enable them to
capitalize on the efficiency, consumer convenience and security of
electronic real-time payments. The NYCE Network provides consumers with
secure, real-time access to their money, offering hundreds of thousands
of ATM locations and millions of point-of-sale locations nationwide. The
NYCE Direct Bill Payment service offers cardholders a convenient way to
pay bills online in real-time using their deposit accounts.
Headquartered in Secaucus, N.J., NYCE Payments Network, LLC,
(www.nyce.net) is a wholly owned subsidiary of FIS (NYSE:FIS).
About FIS
FIS delivers banking and payments technologies to more than 14,000
financial institutions and businesses in over 100 countries worldwide.
FIS provides financial institution core processing, and card issuer and
transaction processing services, including the NYCE® Network. FIS
maintains processing and technology relationships with 40 of the top 50
global banks, including nine of the top 10. FIS is a member of Standard
and Poor’s (S&P) 500® Index and consistently holds a leading ranking in
the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla.,
FIS employs more than 30,000 on a global basis. FIS is listed on the New
York Stock Exchange under the âFISâ ticker symbol. For more information
about FIS see www.fisglobal.com.
