M&I renews NYCE contract
22 January 2008 | 1647 views | 0
Source: NYCE Payments Network
NYCE Payments Network today announced M&I Marshall & Ilsley Bank has renewed its NYCE Network participation as part of a relationship expansion.
Going forward, NYCE will be the bank's exclusive provider of retail PIN debit access and the ATM network of choice for domestic transactions. NYCE Payments Network, LLC, is a leading U.S. debit card payments network and a division of Metavante (NYSE: MV), a leading provider of banking and payments technology.
M&I Bank, headquartered in Milwaukee, is the largest Wisconsin-based bank and also has banking offices in Arizona, Florida, Illinois, Kansas, Minnesota, Missouri and Nevada. This diverse geographical footprint translates into more than 966,000 cards and 485 ATMs participating in the NYCE Network.
"Changing networks is not a decision made lightly. M&I has a long history in debit card issuing and helped build the first EFT network in Wisconsin. Yet the decision to concentrate our debit business with NYCE was easy," said John Roberts, senior vice president, Marshall & Ilsley Corporation. "Since joining NYCE in 2005, we quickly came to understand the economic value that NYCE brings to the table. We appreciate how highly NYCE is aligned with and supportive of our strategies for electronic payments' growth, and with our desire to provide our customers with ever-increasing convenience and a wide range of high-quality products."
"M&I's decision to rely on NYCE for PIN debit access delivers critical mass in Wisconsin and the Midwest, plus an enhanced presence in Florida and the Southwest where M&I has expanded into new markets," said Steve Rathgaber, NYCE president and chief operating officer. "M&I's expanded relationship with NYCE is a clear validation of our message that no matter where you're located, NYCE is an attractive, valuable payments network provider."