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NYCE

Welcome to the News View for "NYCE".

Here, on these archive pages, you'll find all of the articles on Payments News for NYCE listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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June 04, 2014

Headline News from PaymentsNews.com - June 4, 2014

On the Web:

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Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 01, 2014

FIS Licenses Visa EMV Debit Technology

FIS logo 140pxFIS has announced a licensing agreement that will make the Visa® EMV debit solution available to all NYCE debit network participants. FIS says that the "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.

EMV deployment is at a critical point in its business adoption in the U.S. and carries the promise of significantly reducing card-based fraud. Our challenge has been deploying EMV solutions in the U.S. without disrupting the business goals of any industry participant,” said Bob Woodbury, SVP and general manager, FIS Payments Networks. “This agreement will now enable us to offer this Visa-NYCE solution to all NYCE participants and will complement FIS’ substantial EMV card production and EFT processing capabilities.”

“NYCE’s participation in Visa’s common debit solution marks an important milestone in the industry’s efforts to adopt chip technology in the U.S.,” said Bill Sheedy, executive vice president of Corporate Strategy and Government Relations, Visa Inc. “With the uncertainty of how to enable debit routing on EMV chip effectively resolved, issuers, acquirers and merchants can move forward in their implementations with confidence.”

FIS was a founding member of the Debit Network Alliance (DNA), already supports EMV card production and processing, and is launching EMV-based payment mechanisms that support overseas travel and personalization of debit and credit cards.

August 10, 2011

NYCE Inks Agreement with China’s UnionPay

Cup logo 140x60pxNYCE logo 140pxNYCE has announced that it has signed an agreement with UnionPay (China’s bankcard association) to allow cardholders reciprocal access to ATMs in both networks.

“UnionPay attaches high value to giving UnionPay cards as many access points to their funds as possible. By enhancing the cooperation with its partners, UnionPay is focusing on building broader acceptance in the U.S.,” said Jianbo Cai, First EVP of China UnionPay. “Now more and more ATMs in the U.S. will accept UnionPay cards at key locations that are enabled via the NYCE Payments Network. This new cooperation between UnionPay and NYCE can serve both UnionPay and NYCE cardholders more effectively. We also believe that UnionPay and NYCE will have greater win-win opportunities in the future.”

July 18, 2011

February 07, 2011

NYCE and CashEdge Join Forces to Bring Real-Time P2P Payments to Banks

NYCE logo 140px Cashedge logo 140px NYCE has announced that it will begin offering CashEdge Popmoney to its more than 3,000 financial institution clients. But instead of using ACH, the normal Popmoney funds transfer method, the NYCE Payments Network "will provide the ability to transmit the funds between the sender’s account and the receiver’s account in real-time, resulting in the immediate availability of funds."

January 29, 2010

NYCE Names Neil Marcous as President

NYCE has announced that Neil Marcous has been named President of NYCE Payments Network, LLC, and will lead FIS’ Payment Network Solutions business. Frank D’Angelo, executive vice president, FIS Payment Solutions Group, said “The nationwide NYCE Network is a critical component of our end-to-end, industry-leading payments strategy at FIS and continues to present tremendous growth opportunities for our organization. Neil’s extensive leadership experience and vast knowledge of the payments space will help us execute on our strategic vision for NYCE. I’m confident Neil and his team will continue to drive growth and market leadership for this key business line.” READ MORE »

July 01, 2009

NYCE Finds Consumers Interested in Secure Online Payments

NYCE_logo-140px.jpgNYCE Payments Network has published results from a consumer survey finding that "consumers who limit their online shopping say they would make more purchases online if their financial institution offered them a safe payment method." A summary presentation on the survey findings is available online. READ MORE »

November 18, 2008

NYCE To Pilot SafeDebit with Verient

NYCE has announced that it has signed a contract with Verient to conduct a pilot of NYCE’s SafeDebit, an e-commerce payment solution that will enable online shoppers to make purchases on the Internet without sharing their PIN or account information at the merchant’s Web site. NYCE plans to pilot SafeDebit beginning in early 2009. READ MORE »

May 29, 2008

In 2008 Canadians Love to Shop in the US - with PIN Debit Cards

According to a press release from Acxsys and NYCE, during the four month period from December through March 2008, Canadian shoppers spent record amounts and made significantly more cross-border purchases in the US than last year. READ MORE »

January 09, 2008

Monitise Americas Announces Mobile Banking Customers

Monitise Americas has announced that its partner, the NYCE Payments Network, has signed agreements with ten new financial institutions to utilize mobile financial services powered by Monitise Americas. READ MORE »

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