NYCE & PayCast
NYCE and Houston-based PayCast have teamed to offer PayCast’s technology platform to NYCE Network’s 2,200 financial institution participants. The deal will enable real-time money movement between insured depository accounts at various NYCE institutions via wireless or wireline phone or Internet-based banking applications. PayCast currently is in the process of connecting to NYCE’s “Enhanced Message Structure” and will be ready to process money transfer transactions for NYCE institutions, beginning in January. Under the terms of the arrangement, NYCE financial institution Participants may contract with PayCast to enable their cardholders to initiate account-to-account transfers from their checking and savings accounts to other NYCE Network cardholder accounts via their institution’s e-banking and phone banking delivery channels.