NYCE Corporation, one of the leading electronic payments companies in the United States, announced that The Trust Company of New Jersey (also known as Trustcompany Bank), a $3.8 billion-asset financial institution, has signed a multi-year agreement for comprehensive ATM/debit card processing and ATM terminal management services. Under the agreement, NYCE will provide terminal driving/monitoring support for 150 Trustcompany automated teller machines and processing services for its ATM/debit cards.
The Trust Company of New Jersey, with nearly 100 branches located throughout northern and central New Jersey, has been a NYCE Network Participant since 1997. The bank’s decision to expand this relationship is based on the strength of NYCE’s processing support capabilities.
“As a NYCE Network Participant, we have experienced first-hand NYCE’s technology reliability and personalized commitment to service,” said Ellen Toborowsky, Vice President with Trustcompany Bank. “And we are confident that these qualities will bring more value and continued success to our entire EFT program.”
Trustcompany will rely on NYCE to operate 150 ATMs and provide processing support for related electronic payments services, including online debit card authorization (for ATM and POS transactions), signature-based card processing (for the Bank’s MasterCard(R) MasterMoney(TM) product) and gateway access to designated payments networks (namely, Cirrus and Plus). In addition, Trustcompany has designated NYCE as its premier “Network of Choice.”
“We are pleased that this leading New Jersey-based financial institution recognizes the benefits of NYCE for both Network participation and EFT Processing services,” said Michael A. Feliciano, Vice President & General Manager of NYCE’s EFT Processing Services Division. “Trustcompany’s selection of NYCE as an end-to-end EFT solution underscores our ability to effectively deliver reliability, service, and peace-of-mind to their entire EFT payments program.”
About Trust Company
The Trust Company of New Jersey (NASDAQ: TCNJ), known as Trustcompany Bank, is headquartered in Jersey City, New Jersey. It is New Jersey’s second largest state chartered full-service commercial bank and has provided banking services to the public for over 105 years. Trustcompany’s well-known slogan, “The Bank With Heart”, is demonstrated every day by it’s support of Northern and Central New Jersey’s various communities and it’s “family style” treatment of it’s employees and customers. Trustcompany Bank has reached $3.8 billion in assets without mergers or acquisitions. It is the only bank in New Jersey to have accomplished this strictly via internal growth. The Bank offers a full array of products and services for personal and business customers. Trustcompany also successfully operates 34 supermarket branches, which are all conveniently opened 7 days a week. For more information on the Bank, visit their website at [www.trustcompany.com].
NYCE Corporation is one of the leading electronic payments companies in the United States, providing financial institutions and retailers with shared network services for automated teller machines (ATMs), on-line debit point-of-sale (POS) and emerging real-time payment solutions. The company also provides processing services that support ATM management and monitoring services, as well as debit card issuance and authorization solutions. Through a long-standing commitment to product innovation, NYCE has established itself as a front-runner in real-time person-to-person (P2P) payment services and PIN-secured Internet debit payment solutions. Comprising 2,400 financial institution and retail ATM deployer participants, the NYCE Network processes nearly 100 million transactions per month while servicing more than 48 million cardholders through 45,000 NYCE-branded ATMs and 275,000 POS locations. NYCE can be found online at [www.nyce.net].