Metavante Completes NYCE Acquisition

Friday 30 July 2004 10:19 CET | News

Metavante has completed its acquisition of NYCE Corporation, NYCE will now be a wholly owned subsidiary of Metavante.

Metavante also announced that Steven A. Rathgaber, NYCEs executive vice president and chief operating officer (COO), will become president, effective September 1, 2004, in addition to his COO position. Dennis F. Lynch, NYCE president and chief executive officer since 1996, plans to leave the company in September. As head of the NYCE business unit, Mr. Rathgaber will report to Frank G. DAngelo, executive vice president and group executive, Metavante Electronic Funds Group. Mr. Rathgaber has been executive vice president and chief operating officer of NYCE Corporation since 1997, responsible for managing the daily operations and ensuring that the company met its business plan and key performance objectives. He also manages sales, business development and the EFT business. Mr. Rathgaber joined NYCE in 1991 as vice president of operations and oversaw the creation of the NYCE Data Center. Mr. Rathgaber is also chairman of the board of Everlink Services, Inc., a Canadian-based joint venture between NYCE and Celero Solutions. He is a graduate of St. Johns University.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce