Nyce today announced that it has signed an alliance agreement with the MoneyPass Network to offer participants in Nyce's SUM selective surcharging program the option to add access to MoneyPass Network's 13,000 surcharge-free ATMs.
NYCE Payments Network, LLC, is a leading U.S. electronic payments network and a Metavante (NYSE:MV) company. Metavante is a leading provider of banking and payments technology. MoneyPass is a nationwide surcharge-free ATM network owned by Elan Financial Services.
NYCE's SUM Program allows cardholders of participating financial institutions to make surcharge-free withdrawals at nearly 2,950 designated ATMs of other SUM Program members. With this agreement, NYCE will now offer SUM Program participants the ability to supplement their SUM surcharge-free access with participation in the MoneyPass Network with preferred business terms and conditions.
"We continue to focus on growing the MoneyPass network across the country, steadily adding to our stable of surcharge-free ATMs," said Doug Miraglia, president of MoneyPass. "Our alliance agreement with NYCE complements existing NYCE SUM Program ATMs with expansive surcharge-free ATM access across the country, while also providing surcharge-free access at SUM Program devices to existing MoneyPass members."
"With its unique per-transaction fee structure, the SUM Program delivers a flexible and economical surcharge-free solution that allows institutions to expand their geographic reach while they manage their expenses," said Steve Rathgaber, NYCE president and chief operating officer. "Now they have the option of adding the MoneyPass Network's base of surcharge-free ATMs in established and convenient settings - the vast majority at banks and credit unions. This agreement further strengthens SUM as a cost-effective customer loyalty tool that institutions can tailor to meet the needs of their own markets."