The NYCE Network announced that an all-time one-day volume record for electronic payments transactions was set this past Christmas Eve, December 24, 1997.
Within this 24-hour period, consumers conducted more than 1.9 million transactions through NYCE. The total represents more than 1.2 million ATM transactions at NYCE ATMs and more than 533,000 NYCE point-of-sale (POS) transactions. âChristmas Eve is a pinnacle day for holiday preparations and typically is our highest transaction volume day of the year,â said James S. Judd, senior vice president with NYCE Corporation. âThe rising number of transactions signifies that people recognize the convenience of their ATM card to withdraw cash as well as the growing number of options consumers have to make all kinds of purchases. Everything from holiday gifts, to gasoline, to food items for family dinners can quickly and easily be obtained, making ATM cards a convenient method for consumers to access their cash everyday.â
Based in Woodcliff Lake, New Jersey, NYCE Corporation provides financial institutions with flexible, state-of-the-art processing services that include telephone- and PC-based banking and bill payment solutions, ATM terminal driving, card authorization, card management, and gateway access. The corporation also operates the NYCE Network, the largest shared regional electronic funds transfer (EFT) network in the Northeast.
As of November 30, 1997, more than 1,300 financial institutions participate in the NYCE Network, providing ATM and related payment services to more than 30.9 million cardholders through more than 18,700 ATMs and more than 115,000 POS merchant locations.Details