US NYCE payments network offers SMS balance inquiries

Monitise Americas is a joint venture between Metavante and UK m-banking firm Monitise. Following the agreement, NYCE offers SMS-based balance inquiries for free to credit union and banks members as part of the service offered to NYCE Network members. NYCE is now able to offer SMS-based balance inquiries on top of the existent ATM-based balance inquiries. According to a recent survey commissioned by Monitise Americas, over 75 percent of respondents think that having real-time account information is important. Last week, US transaction processing services provider Fidelity National Information Services (FIS) purchased NYCE parent Metavante for nearly USD 2.94 billion in stock.

Metavante and NYCE are registered trademarks of Metavante Corporation, which is the principal subsidiary of Metavante Technologies. Metavante Technologies, Inc., through its subsidiary, Metavante Corporation, provides financial technology services, software and financial services regulatory advice and consulting to its customers, consisting of small to large sized financial institutions. The New York Cash Exchange (NYCE) is an interbank network connecting the ATMs of various financial institutions in the US and Canada. NYCE also serves as an EFTPOS network for NYCE-linked ATM cards. NYCE has over 480 financial institution members.