July 18, 2011 08:15 AM Eastern Daylight Time
NYCE Payments Network Adds Record New Participants in the First Half of 2011
JACKSONVILLE, Fla.--(BUSINESS WIRE)--NYCE® Payments Network today announced that it signed a record number of new multi-year participant agreements within the first six months of 2011, representing a significant increase in new business for the network over the same time period in 2010. NYCE Payments Network, LLC, is a leading U.S. electronic payments network and an FIS™ company. FIS is the world’s largest provider of banking and payments technology.
“The first six months of 2011 have been a pivotal period for the NYCE Payments Network”
NYCE provides consumers with 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.
As an independent, unaffiliated PIN-based debit network that is focused on delivering net interchange parity with signature debit options, NYCE provides a value-added solution to financial institutions. In addition to enabling its clients to maximize interchange revenue, NYCE delivers real-time fraud monitoring and management, text and mobile banking applications, Internet debit, P2P capabilities and extensive approval rate management capabilities.
“The first six months of 2011 have been a pivotal period for the NYCE Payments Network,” said Neil Marcous, president, NYCE Payments Network. “As institutions react to the reality of the post-Durbin landscape, NYCE is a proven option for maximizing interchange revenue. NYCE’s tremendous growth during this period reflects not only its issuer-centric focus on delivering interchange value to financial institutions, but its reputation as a payments network leader. We’re excited to see so many new clients positioning themselves in advance of the regulatory deadlines, to benefit from selecting the NYCE network as their PIN-based payments network.”
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 On-Demand Payment Solutions offer cardholders a convenient way to pay bills online, receive loan proceeds, and fund P2P transactions, all in real-time. Headquartered in Secaucus, N.J., NYCE Payments Network, LLC, (www.nyce.net) is a wholly owned subsidiary of FIS (NYSE:FIS).
FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is ranked 426 on the Fortune 500, is a member of Standard & Poor’s 500® Index and consistently holds a leading ranking in the annual FinTech 100 list. For more information about FIS, visit www.fisglobal.com.
