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FIS and its NYCE® Payments Network announced a licensing agreement to make the Visa® EMV® debit solution available to all NYCE participants. This agreement furthers the U.S. payments industry goal of EMV adoption and is NYCE’s first formal EMV license, which can be used by NYCE Network participants with respect to Visa card products. Fundamental to the agreement is the support of key NYCE participant business flexibilities, including portability between debit networks for issuers, routing choice for merchants at the point of sale and issuers at NYCE ATMs. At the same time, it ensures that NYCE will have access to Visa EMV technology in perpetuity to support NYCE clients and NYCE will be able to support transactions using all authentication types.
NYCE signed an agreement with China UnionPay bankcard association to allow cardholders reciprocal access to ATMs in both networks. NYCE Payments Network is a leading U.S. electronic payments network and an FIS company. The reciprocal agreement will allow participating NYCE ATM cardholders to conduct ATM withdrawals and balance inquiries in China. In addition, more than 2.6 billion UnionPay cards will have access to the more than 360,000 NYCE network ATMs. NYCE and UnionPay will work together to create future opportunities for extended payment services for their respective cardholders. NYCE delivers its clients real-time fraud monitoring and management, text and mobile banking applications, Internet debit and person-to-person (P2P) payment capabilities.
NYCE has signed a multi-year agreement with LINK cash machine (ATM) network to provide mutual ATM access to customers of both networks. NYCE Payments Network electronic payments network will now allow cardholders to conduct ATM withdrawals in the UK through LINK ATMs. Once individual LINK banks and building societies sign up, UK cardholders will be able to use NYCE ATMs in the U.S. through the new LINK-NYCE connection. All of the UK’s significant debit and ATM card issuers are LINK members, issuing around 100 million debit and ATM cards.
FIS’ NYCE Payments signed a record number of new multi-year participant agreements throughout 1H/11 for an significant increase over the year ago period. NYCE provides consumers secure, real-time access to funds through its extensive ATM network and wide acceptance at the point-of-sale (POS) by merchants throughout the U.S. NYCE cardholders can currently use their cards at more than 360,000 ATMs and 2 million retail locations in the U.S., with international ATM expansion underway. The independent, unaffiliated PIN-based debit network focuses on delivering net interchange parity with signature debit options and provides a value-added solution to financial institutions.
MI-based Flagstar Bank has renewed its NYCE Network participation and
named NYCE its exclusive provider of ATM and POS access. NYCE Payments
Network is a leading U.S. electronic payments network and an FIS
company. In addition to NYCE participation, FIS provides Flagstar Bank with
production services for all of its card programs. FIS is one of the worldâs
largest providers of banking and payments technology. Flagstar Bank is a
community bank with approximately 165 banking centers, has $14 billion in
assets as of December 31, 2009, and contributes more than 100,000 cards and
230 ATMs to the NYCE Network.
Cardtronics has tapped Steven Rathgaber, previously President/COO of NYCE Payments Network, as its CEO.
During Rathgaber’s 18 years at NYCE, he served in a number of sales
and operating roles within that organization, including most recently
the position of President and Chief Operating Officer, which he assumed
in 2004 concurrent with the acquisition of NYCE by Metavante. During his
tenure at NYCE, Rathgaber was responsible for developing and leading
NYCE’s payment product expansion strategy, which included, among other
things, the launching of internet and mobile banking and payment-related
services. He was also responsible for NYCE’s domestic and international
expansion efforts, and oversaw the acquisition and integration of
numerous debit networks and transaction processing platforms. Prior to
joining NYCE, Rathgaber served in a number of operational management
roles with Automatic Data Processing, Inc. and Citibank. He
holds a Bachelor of Science degree in Accounting from St. John’s University.
In connection with the appointment of Rathgaber as the Company’s new
Chief Executive Officer, he was also elected to the Company’s board of
directors. Both the appointment and the election will become effective
February 1, 2010.
ATM network NYCE has signed an agreement with PA-based Select-a-Branch to offer NYCEâs
SUM selective ATM surcharging program access to select terminals in SABâs growing network of surcharge-free ATMs.
The SUM Program allows cardholders of participating financial
institutions to make surcharge-free ATM
withdrawals at the designated terminals of other program members. The SUM Programâs unique
structure is primarily based on usage. Participating institutions also
may select the ATMs they wish to include in the program, making it a
cost-effective option that allows banks and credit unions to retain
control over their own surcharging revenue. SAB will brand transactions made at these terminals using its
proprietary technology. SUM cardholders will see transaction screens
branded with the programâs logo and messaging. SAB ATMs also feature a
19-inch monitor mounted above the terminal that will run SUM
advertisements when the programâs cardholders use the ATMs.
NJ-based NYCE will offer balance inquiries by text message to its NYCE Network
participants. The basic text message transactions will be an extension of the balance
inquiry functionality commonly available at NYCE Network ATMs, with no
additional fees for mobilization. The new service, powered by Monitise
Americas, will allow consumers to use text messaging to request and
receive real-time balance information on their primary accounts. Text
message balance inquiries will work for virtually all mobile phone users
regardless of their mobile carrier or the type of handset they use. NYCEâs mobile services are fully integrated with the networkâs
infrastructure, leveraging existing NYCE services such as settlement and
reporting. This approach simplifies the provider relationship and allows
institutions of all sizes to offer mobile to their customers without
significant investment in new technology infrastructure.
IL-based AMCORE Bank has selected Metevante’s NYCE Network its
exclusive provider of both PIN debit and ATM card access.
AMCORE Bank has $5 billion in assets, with 74 locations across Illinois
and Wisconsin. It contributes nearly 100,000 cards and 83 bank-owned
ATMs to the NYCE Network. The bank is also a member of NYCEâs SUM
selective ATM surcharging program. 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 via their bank accounts. NYCE Balance
Transfer services drive asset growth for consumer credit issuers through
automated balance transfer/consolidation payment services.
NYCE Payment Network has signed a contract with CA-based Verient to
conduct a pilot of NYCEâs “SafeDebit”, to enable online shoppers to make
purchases without sharing their PIN or account information. Consumers
who want to use the SafeDebit option when
making purchases online will choose âNYCE SafeDebitâ on the merchantâs
Web site during the checkout process. The system redirects them
to their financial institutionâs online banking site, where they log on
as usual through that siteâs existing security protocols. The SafeDebit
system then generates virtual debit card information for one-time use
and automatically populates the merchantâs checkout screen with this
information, with no additional keystrokes required from the consumer.
The consumerâs actual debit card number is never
disclosed to the merchant, and a PIN is not required for these transactions.
NYCE announced that it has
signed an alliance agreement with the MoneyPass Network to offer
participants in NYCEâs SUM^Â® selective surcharging program the option to
add access to MoneyPass Networkâs 13,000 surcharge-free ATMs. NYCE
Payments Network, LLC, is a leading U.S. electronic payments network and
a Metavante (NYSE:MV) company. Metavante is a leading provider of
banking and payments technology. MoneyPass is a nationwide
surcharge-free ATM network owned by Elan Financial Services.
NYCEâs SUM Program allows cardholders of participating financial
institutions to make surcharge-free withdrawals at nearly 2,950
designated ATMs of other SUM Program members. With this agreement, NYCE
will now offer SUM Program participants the ability to supplement their
SUM surcharge-free access with participation in the MoneyPass Network
with preferred business terms and conditions.
âWe continue to focus on growing the MoneyPass network across the
country, steadily adding to our stable of surcharge-free ATMs,â said
Doug Miraglia, president of MoneyPass. âOur alliance agreement with NYCE
complements existing NYCE SUM Program ATMs with expansive surcharge-free
ATM access across the country, while also providing surcharge-free
access at SUM Program devices to existing MoneyPass members.â
âWith its unique per-transaction fee structure, the SUM Program delivers
a flexible and economical surcharge-free solution that allows
institutions to expand their geographic reach while they manage their
expenses,â said Steve Rathgaber, NYCE president and chief operating
officer. âNow they have the option of adding the MoneyPass Networkâs
base of surcharge-free ATMs in established and convenient settings â the
vast majority at banks and credit unions. This agreement further
strengthens SUM as a cost-effective customer loyalty tool that
institutions can tailor to meet the needs of their own markets.â
MoneyPass is a network of Elan Financial Services, one of the nationâs
leading providers of comprehensive ATM and debit card processing
solutions for financial institutions, Independent Sales Organizations
and retailers. Elan Financial Services processes transactions for more
than 2,000 financial institutions nationwide and manages over 38,000
ATMs for a variety of industries. MoneyPass provides surcharge free
access at more than 13,000 ATMs across the United States, allowing
cardholders of participating financial institutions to access their
money where they live, work and travel. With over 900 participating
financial institutions, 21 participating Independent Service
Organizations (ISOs) and over 28 million active cards, MoneyPass is a
rapidly growing surcharge-free network whose emphasis is on
cost-efficient membership options, flexible terms and accessible
locations. For more information, call 1-800-343-7064 or visit
NYCE Payments Network, LLC, 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 product offers cardholders a convenient way to pay bills online
in real-time via their bank accounts. NYCE Balance Transfer (formerly
Response Data Corporation) drives asset growth for consumer credit
issuers through automated balance transfer/consolidation payment
services. Headquartered in Secaucus, N.J., NYCE Payments Network, LLC,
(www.nyce.net) is a Metavante (NYSE:MV) company.