Nyce today announced that Flagstar Bank of Troy, Mich., has renewed its NYCE Network participation and named Nyce its exclusive provider of ATM and POS access.
NYCE Payments Network, LLC, is a leading U.S. electronic payments network and an FISTM company. FIS is one of the world's largest providers of banking and payments technology.
Flagstar Bank is a community bank with approximately 165 banking centers in Michigan, Indiana and Georgia. The bank has $14 billion in assets as of December 31, 2009, and contributes more than 100,000 cards and 230 ATMs to the NYCE Network.
"Our choice of NYCE as a network provider has been a strategically important vendor relationship for Flagstar," said Taryn Barlow, first vice president, Retail Banking Operations, Flagstar Bank. "NYCE has consistently demonstrated its commitment to support our goals by providing solutions that meet the needs of our customers, while being friendly to our bottom line. We are confident that NYCE's nationwide network coverage will make our transition to an exclusive relationship worry-free, and we believe that the conversion will result in even more opportunities for increased revenue and cost efficiency."
"Flagstar Bank is known for implementing advanced technology for the benefit of its customers," said Neil Marcous, president, NYCE. "The expansion of this relationship is a validation of NYCE's focus on driving an industry shift to electronic payment solutions that give consumers the convenience and access they're seeking, while making economic sense for financial institutions."