NYCE
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Predecessor | New York Switch Corporation |
| Founded | March 1985 |
| Founder | National Westminster Bank USA, Chase Manhattan, Manufacturers Hanover, Chemical Bank, Barclays Bank, Marine Midland Bank, Bank of New York |
| Fate | Acquired by Fidelity National Information Services via Metavante Corporation in 2009 |
| Headquarters | Secaucus , United States |
Area served | United States, Canada |
Key people | Edward Coakley (first Chairman) |
| Products | Interbank ATM network, EFTPOS system |
| Owner | Fidelity National Information Services |
| Parent | Fidelity National Information Services |
| Website | www |
The New York Cash Exchange (NYCE) functions as an interbank network that connects the ATMs of numerous financial institutions throughout the United States and Canada. In addition to ATM access, it serves as an EFTPOS system for cards linked to NYCE-enabled ATMs.
Headquartered in Secaucus, New Jersey, NYCE operates in competition with networks like STAR and Capital One's Pulse. The network is owned by Fidelity National Information Services.
Origins
Established in March 1985, NYCE initially launched as a regional ATM network within the New York Metropolitan area, starting with 800 ATMs distributed among six banks, including Bank of New York, Barclays Bank, Chemical Bank, Manufacturers Hanover Trust Company, and Marine Midland Bank. It was one of the earliest ATM networks created following the introduction of the ATM itself. Membership was available to banks, credit unions, and savings institutions. With the rise in ATM usage, NYCE expanded beyond its original location; by the early 1990s, it had become the largest regional ATM network in the United States, encompassing 9,600 ATMs across 24 states and serving approximately 17 million users.
The acronym "NYCE" represents "New York Cash Exchange," while its initial corporate identity was New York Switch Corporation.
The founding members included institutions such as National Westminster Bank USA, Chase Manhattan, Manufacturers Hanover, Chemical Bank, Barclays Bank, Marine Midland Bank, and the Bank of New York. Subsequently, ownership broadened to incorporate Boston-area banks like BayBank and Fleet Bank. Edward Coakley of National Westminster Bank served as the first Chairman, with board members comprising senior executives from Chase Manhattan, Chemical Bank, National Westminster, Marine Midland, BayBank, and Fleet.
Current status
Today, NYCE supports a network of 301,500 ATMs catering to 89 million customers. Initially owned by banks from New York and Boston, ownership transitioned to the fully owned subsidiary Metavante Corporation, previously part of M&I Bank located in Brown Deer, Wisconsin. On October 1, 2009, Metavante was acquired by Fidelity National Information Services, thereby incorporating NYCE into FIS's suite of services.