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. |
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