July 28, 2011 08:15 AM Eastern Daylight Time
JACKSONVILLE, Fla. & LONDON--(BUSINESS WIRE)--NYCE® today announced that it has signed a multi-year agreement with LINK, the UK’s cash machine (ATM) network, to provide mutual ATM access to customers of both networks. 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. LINK is the UK's cash machine network connecting effectively every ATM in the UK.“NYCE’s strategy is focused on serving the needs of its clients. Providing enhanced ATM access between the UK and the U.S. helps meet those needs”
Through the reciprocal agreement, participating NYCE ATM cardholders will be able to conduct ATM withdrawals in the UK using 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. There were 63,300 cash machines connected to the LINK network at the end of 2010. LINK processed almost 3 billion transactions in 2010.
The NYCE Network provides consumers with secure, real-time access to funds. NYCE cardholders can use their cards at more than 360,000 ATMs and 2 million retail locations in addition to the new ATM locations available through the agreement with LINK.
“This agreement starts a new chapter for LINK,” said Dr. Ken Andrew, LINK chairman. “We have wanted to expand to make our services available to U.S. visitors while they are in the UK, especially with events such as the London Olympics coming up in 2012. NYCE is the perfect network to team with to execute on this strategy. NYCE’s extensive expertise in ATM networks and broad reach in America make this an excellent fit.”
“NYCE’s strategy is focused on serving the needs of its clients. Providing enhanced ATM access between the UK and the U.S. helps meet those needs,” said Neil Marcous, president, NYCE Payments Network. “As the second internationally-focused agreement for NYCE within the last nine months, this teaming with LINK represents and supports NYCE’s strategy of expanding globally.”
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).
LINK is the UK's cash machine network. Virtually every cash machine in the UK (free-to-use and pay-to-use) is connected to LINK, and LINK provides the only route through which card issuers can offer their customers reliable nationwide access to cash. All the UK's significant debit and ATM card issuers are LINK members, issuing around 100 million debit and ATM cards. There were 63,300 cash machines connected to the LINK network at the end of 2010. LINK processed almost 3 billion transactions in 2010. The number of free-to-use ATMs in the UK is at an all-time high of 40,000.
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.
