NJ bank signs multiyear agreement with NYCE

NJ bank signs multiyear agreement with NYCE
Tags: Transaction Processing
December 18, 2001

WOODCLIFF LAKE, N.J. -- The Trust Company of New Jersey (also known as Trustcompany Bank), a $3.8 billion-asset financial institution, has signed a multi-year agreement with the NYCE Corporation for ATM/debit card processing and ATM terminal management services.

Under the agreement, NYCE will provide terminal driving/monitoring support for 150 Trustcompany ATMs and online and offline processing services for its ATM/debit cards.

This is the first processing contract earned by NYCE since First Data Corp., the country's leading offline debit processor and a significant processor of online debit, took a majority ownership stake in the company in June.