First Command Bank provides traditional personal and commercial banking services to military personnel and other consumers as a wholly-owned subsidiary of First Command Financial Services, Inc., which has been providing financial products and services to American families since 1958. Founded in 1997, the Fort Worth-based bank boasts assets of more than $622 million. In addition to this new payments network agreement, First Command Bank currently uses FIS’ item processing and credit card processing solutions. First Command is also a member of the Armed Forces Financial Network (AFFN) - an ATM and POS network which for over 26 years has provided the U.S. military community with access to their funds through terminals located on or near U.S. military bases worldwide.
For more than 25 years NYCE has been a leader in electronic payments, helping its clients leverage the benefits of real-time payments for consumers through over 360,000 ATM locations and 2 million retail locations nationwide. Convenient, secure and efficient, NYCE offers mobile text message banking as a standard feature of ATM and POS participation, allowing customers to receive balance inquiries and mini-statements through text messaging. In addition, NYCE recently announced it was joining forces with CashEdge and utilizing the network to bring real-time person-to-person (P2P) payments to consumers through the Popmoney® service.
“The NYCE solution provides superior service for our clients and enhanced value for the bank,” said Kelly Hill, vice president, First Command Bank. “Not only does NYCE’s nationwide availability allow us to effectively serve our customers regardless of where they are, but the economic benefits of utilizing NYCE exceeds what we have achieved with our previous vendor.”
“NYCE and AFFN are focused on providing clients with advanced electronic payments solutions that help them achieve their objectives now and well into the future,” said Neil Marcous, senior vice president, FIS Network Solutions Group. “Consumers increasingly rely on their debit card for their daily purchases. NYCE’s recent innovations – particularly in the areas of bringing Internet and mobile access to cardholders – continue to show our commitment to separating our networks from the rest.”
NYCE Payments Network, LLC, an FIS™ company, helps its clients grow with innovative new products and strategic alliances that enable them to capitalize on the efficiency, consumer convenience and security of electronic real-time payments. The NYCE Network provides consumers with secure, real-time access to their money, offering hundreds of thousands of ATM locations and millions of point-of-sale locations nationwide. The NYCE Direct Bill Payment service offers cardholders a convenient way to pay bills online in real-time using their deposit accounts. Headquartered in Secaucus, N.J., NYCE Payments Network, LLC, (nyce.net) is a wholly owned subsidiary of FIS.
FIS (fisglobal.com) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is ranked 426 on the Fortune 500, is a member of Standard & Poor’s 500® Index and consistently holds a leading ranking in the annual FinTech 100 list.
This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.
For More Information:
Mary Waggoner, SVP, FIS Investor Relations
P: 904.854.3282 / E: mary.waggoner[.]fisglobal.com.