Source: NYCE Payments Network
NYCE Payments Network, LLC, today announced Maryland-based Sandy Spring Bank as a new network participant.
The $2.6 billion banking subsidiary of Sandy Spring Bancorp, Inc. (Nasdaq: SASR) brings about 30,000 cards and 47 ATMs into the NYCE Network. Additionally, NYCE has signed 12 financial institution network participants from Pennsylvania and New Jersey, adding another 80,000 cards and 70 ATMs to the network. NYCE is a leading U.S. debit card payments network and an affiliate of Metavante Corporation, the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI).
Sandy Spring Bank, the third-largest commercial banking organization headquartered in Maryland, operates a network of 32 community banking offices in Maryland's Anne Arundel, Carroll, Frederick, Howard, Montgomery and Prince George's counties. Metavante provides Sandy Spring with financial account processing, prepaid debit card personalization and fulfillment, gateway transaction processing and client relationship management solutions.
"At Sandy Spring, we continually seek out the solutions that will earn the loyalty of our clients today and tomorrow, while allowing us to add value for our shareholders," said Lisa Johnson, Electronic Delivery Systems manager. "That commitment led us to choose NYCE. With their highly competitive products and technology, they will help us continue to grow, get the most value from our electronic payments program and further serve our community."
"Sandy Spring strives to expand the value it brings to its clients and to the communities it serves. NYCE supports that mission by delivering ways for financial institutions and consumers alike to realize more benefit from electronic transactions," said Steve Rathgaber, NYCE president and chief operating officer. "By embracing new money movement technologies, we're expanding the marketplace for real-time payments to create even more value for Sandy Spring and its customers down the road."
In addition to Sandy Spring Bank, financial institutions based in Pennsylvania and New Jersey have expanded their Metavante relationship to include NYCE Network participation. From Pennsylvania, the new NYCE Network members are County National Bank, Earthstar Bank, First Priority Bank of Malvern, Kish Bank, Leesport Bank and Washington Federal Savings Bank. New Jersey participants now include Citizens Community Bank, Highlands State Bank, Indus American Bank, Noble Community Bank, Northern State Bank and North Jersey Community Bank.
Metavante Payment Solutions delivers electronic money movement through an integrated payments network, including an ATM/PIN debit network in NYCE, online bill pay, a complete suite of payment cards and ACH processing. Metavante helps clients grow revenue by capitalizing on the expanding electronic payments markets including financial, healthcare and government payments. Metavante offers clients the efficient, comprehensive and integrated resources necessary to offer their customers the broadest range of payment options and touch points.