New York Community Bank to Launch Prepaid and Stored Value Program

Friday 25 February 2005 16:18 CET | News

Ingenico, a leading provider of electronic payment terminals, and TransFirst, a leading provider of transaction processing and payment enabling technologies, have announced that New York Community Bank has launched a prepaid and stored value services program.

New York Community Bank, the fourth largest thrift in the nation, is now one of the first financial organizations in the United States to offer customers the convenience and flexibility of purchasing prepaid and stored value services at the branch level. The prepaid and stored value services program, available through TransFirst’s and Ingenico’s partnership, will enable New York Community Bank to offer its customers credit card cash advance, prepaid long distance and prepaid wireless services, as well as Visa® branded gift cards and MasterCard® branded stored value debit cards. TransFirst has been providing transaction processing services for New York Community Bank since 2001. The launch of this program is another example of TransFirst’s commitment to helping its financial institution customers deliver the most innovative and in-depth customer-centric solutions. The Ingenico Elite 712 enables bank branches to sell prepaid and stored value products side by side with credit and debit card acceptance. This durable, all-in-one terminal is simple to use and flexible enough to support many different applications at once. For more information about the Elite 712, please visit PaySpot Inc., the world’s largest prepaid provider and a U.S.-based subsidiary of Euronet Worldwide, will supply the prepaid long distance and wireless products included in this prepaid program. The Access MoneyNow™ Debit MasterCard® stored value cards, issued by BANKFIRST, will be delivered by Access Card Systems, Inc. and its processing partner Symmetrex Inc., premier providers of innovative and cost effective financial payments and prepaid solutions.

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Categories: Payments & Commerce | Payments General
Countries: World
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