24 October 2017
Register now

Nyce signs reciprocal ATM deal with Korean telco

06 October 2010  |  3131 views  |  0 Source: Nyce

NYCE® today announced it has reached an agreement with Korea Financial Telecommunications Clearings Institute (KFTC) that allows both KFTC cardholders to use NYCE ATMs at more than 360,000 locations throughout the U.S. and its territories, and NYCE cardholders to use KFTC ATMs throughout the Republic of Korea.

NYCE Payments Network, LLC, is a leading U.S. electronic payments network and an FIS™ company. FIS is one of the world's largest providers of banking and payments technology.

This milestone agreement is in alignment with NYCE's overall strategic plan to further expand its international presence and provide financial institutions and their cardholders with additional options for real-time access to their funds through the NYCE Payments Network. NYCE also has a reciprocal agreement with the Armed Forces Financial Network (AFFN) for ATM and point-of-sale transactions, with locations at most major military locations in the U.S., overseas and many off-base/post locations.

"The mobility of our card members continues to increase and this agreement supports our strategy for expansion of ATM use for our customers in the U.S.," said KFTC President and Chairman of the Board of Directors, Mr. ChangHun Song. "We believe that providing access to NYCE ATMs is a unique value proposition for our participants."

"This reciprocal agreement helps us to expand our reach internationally and enables NYCE cardholders to easily access their bank accounts when traveling in South Korea," said NYCE President, Neil Marcous. "NYCE is committed to being a trusted network provider and has a long history of delivering superior service and payment solutions that support the specific needs of its clients. This reciprocal relationship with KFTC is in line with our strategy to provide our clients with global access to the ATM channel."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20206 views comments | 31 tweets | 43 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15415 views comments | 24 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11096 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9222 views comments | 15 tweets | 29 linkedin

Featured job

London, UK (or flexible)

Find your next job