Printer Friendly
The Free Library
14,506,614 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Hawaii's American Savings Bank Joins NYCE Network; American Savings Bank expands its relationship with Metavante as NYCE extends its presence in the Aloha State.


SECAUCUS, N.J. -- NYCE See New York Cotton Exchange.

NYCE

See New York Cotton Exchange (NYCE).
 Corporation today announced Honolulu-based American Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest.  as a new NYCE Network participant. American Savings Bank is a subsidiary of Hawaiian Electric Industries Hawaiian Electric Industries Inc. (HEI; NYSE: HE) is the largest supplier of electricity in the state of Hawaii, carrying power to 93% of the Hawaii electric public utility market.[1] The electricity supplier owns three electric utilities- Hawaiian Electric Company, Inc. , Inc. NYCE is a leading U.S. debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account.  payments network and a division of Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE NYSE

See: New York Stock Exchange
:MI).

With $6.9 billion in assets, American Savings Bank ranks as Hawaii's third-largest financial institution and operates the state's second-largest branch network with 65 branches. With American Savings Bank in the fold, NYCE grows by 165 ATMs and over 425,000 cards.

"American Savings Bank has transformed itself from a retail thrift into a full-service community bank and major player in Hawaii's market by focusing on what we can do to best serve our customers' needs," said Abel Malczon, senior vice president of operations, American Savings Bank. "We've selected NYCE and Metavante as the right partners for us because of their progressive approach to growing our business and providing us with innovative products and services that we, in turn, can offer to our own customers."

Metavante delivers a comprehensive suite of financial technology and payments solutions to American Savings Bank including: financial account processing, debit card and automated clearing house See ACH.  processing, ATM driving, merchant services, trust solutions, consumer Internet bill pay, business and consumer Internet banking, data warehousing, branch automation, card personalization and fulfillment, customer relationship management and marketing solutions, and risk management services.

"We look forward to extending NYCE's innovative payment strategies to the customers of American Savings Bank," said Steve Rathgaber, NYCE president and chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
. "Using NYCE and Metavante's already extensive product offerings -- as well as the emerging payments solutions we have lined up -- American Savings Bank can continue to offer a wide range of leading-edge products and services to its customers. And they can do it all through a trusted partner that has successfully supported them for almost a decade."

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 automated clearing house (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.

About American Savings Bank

Serving Hawaii's businesses and communities for more than 80 years, American Savings Bank is Hawaii's third-largest financial institution with $6.9 billion in assets and the second-largest branch network in the state, with 65 branches and nearly 170 automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. . American Savings Bank provides a full range of financial products and services, including commercial banking and consumer deposits and loans. For more information, visit www.asbhawaii.com.

About NYCE

At the forefront of electronic payments in the United States, NYCE Corporation provides consumers with secure, real-time account access, 100 million times each month. The NYCE Network provides 2,200 financial institutions, retailers and independent ATM deployers with shared network services for ATMs, POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
, A2A A2A Access to Archives (UK)
A2A Application to Application
A2A Air-To-Air (weapon)
A2A Administration-to-Administration
A2A Any to Any
 transfers and direct bill payment for millions of consumers across the United States and Canada. Beyond its core service of providing the convenience of personal identification number (PIN) debit account access at ATMs and retailer point-of-sale (POS) terminals, NYCE continues to lead in the development of new electronic payment services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited.  to enhance consumer convenience and expand service offerings by its participants. In addition, NYCE provides ATM driving and fully automated monitoring services, gateway services, on- and off-line signature debit card processing, and card authorization solutions. A Metavante company, NYCE Corporation is headquartered in Secaucus, N.J. For more information, see www.nyce.net. Metavante Corporation is redefining banking and payments to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer See EFT.

(application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape.
, consumer health care payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE:MI).

The following marks are intellectual property of Metavante Corporation: Metavante, NYCE Corporation and NYCE Network.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Article Type:Company overview
Geographic Code:1USA
Date:Apr 19, 2006
Words:692
Previous Article:Vallent Appoints Asia/Pac Chief Technical Officer.
Next Article:Health Dialog Chief Medical Officer to Present at the 2006 National Managed Health Care Congress (NMHCC).
Topics:



Related Articles
ORDERS ISSUED UNDER BANK HOLDING COMPANY ACT.(Statistical Data Included)
Finney Joins NYCE as Senior Sales Executive.
NYCE Corporation Expands into Debit-Friendly Canadian Market; Launches Everlink Payment Services Inc.
Tank patrol.(Parts Bin)
JCB Launches Discover Aloha Hawaii Project with Support of Hawai'i Tourism Japan.
Metavante Signs New York Community Bank for Risk and Compliance Solutions.
EVERTEC and NYCE Expand U.S. Merchant Point of Sale Access for Puerto Rican and U.S. Virgin Island ATH Network Cardholders.
Wauwatosa Savings Bank Taps Metavante for Outsourced Banking Technologies.
A Debit Card Tax Payment First: LINK2GOV's New "incometaxpayment.com" Gives Tax Payment Peace of Mind Without Giving Up a Piece of Your Wallet.
Metavante and Monitise To Create Mobile Payments System for North America.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles