Nyce today announced that Bangor Savings Bank of Bangor, Maine, renewed its Nyce Network participation.
NYCE has been the bank's exclusive provider of both PIN debit and ATM card access since 2003. The bank has been a NYCE client since 1994. 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.
Bangor Savings Bank serves customers statewide with more than 50 branches. With assets of more than $2.2 billion, the bank contributes more than 70,000 cards and 63 ATMs to the NYCE Network.
"Renewing our relationship with NYCE made sense for our customers and economic sense for us," said James Doughty, senior vice president and director of marketing. "The savings and revenue opportunities that we've received as a result of our exclusive participation in the NYCE Network have enabled Bangor Savings Bank to invest more in other programs that help us continue to exceed our customers' expectations. Beyond the economic reasons, NYCE provides our customers with the level of convenience and security they require. Enabling real-time access to their money with a broad network of ATM and POS locations is a fundamental component to delivering a superior customer experience."
"NYCE and Bangor Savings Bank are closely aligned in philosophy," said Steve Rathgaber, NYCE president and chief operating officer. "Bangor Savings Bank is rooted in Maine and so it's deeply tied to its customer base, while still being committed to providing them with the same options they would find at a larger bank. For both organizations, business is about empowering the people you serve by offering them the solutions they need to meet their individual goals."
In addition to NYCE participation, Metavante provides Bangor Savings Bank with trust account processing and risk and compliance solutions.