Washington Trust joins NYCE payments network

NYCE is a leading U.S. debit card payments network and an affiliate of Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI).

Washington Trust will now leverage the electronic funds transfer network services provided by NYCE - bringing more than 35,000 cards and 42 ATMs to the network.

"One of our main guiding principles is to make decisions that create value for Washington Trust customers," said Jim Brocket, chief information officer and senior vice president for Washington Trust Bank. "NYCE clearly focuses on our success by offering forward-thinking money movement technology and committed support to Washington Trust's payment strategies."

Washington Trust also taps Metavante for financial account processing, ATM driving, automated clearing house (ACH) processing, credit and debit card account processing, disaster recovery services, data warehouse, investment technology services, branch automation, merchant services, business Internet banking, and consumer Internet bill pay.

"NYCE and Metavante share a drive to aggressively enhance our payment solutions, which makes us a great partner for Washington Trust," said Steve Rathgaber, NYCE president and chief operating officer. "We look forward to supporting them by continuing to do what we do best - providing reliable, high-quality network services and innovative ways to enable consumers' access to their depository accounts."

Metavante Payment Solutions delivers electronic money movement through an integrated payments network, including an ATM/PIN debit network in NYCE, online bill pay, a complete suite of payment cards and ACH processing. Metavante helps clients grow revenue by capitalizing on the expanding electronic payments markets including financial, healthcare and government payments. Metavante offers clients the efficient, comprehensive and integrated resources necessary to offer their customers the broadest range of payment options and touch points.