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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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TOM SAKASHSTAFF NEWSWRITER

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NYCE Verient offer online payment solution
SECAUCUS, N.J. (11/20/08)--NYCE announced Tuesday that it will partner with Verient to pilot NYCE’s SafeDebit, an e-commerce payment solution that allows consumers to make purchases on the Internet without sharing their personal identification number or account information on the merchant’s website. NYCE plans to pilot SafeDebit early next year. Consumers can choose NYCE SafeDebit on the merchant’s website during checkout. The system then redirects consumers to log on to their financial institution’s site where it generates virtual debit card information for one-time use. The consumer’s actual debit card number is never disclosed to the merchant, and a PIN is not required for the transactions. “Consumers find shopping online convenient, but many choose to avoid it because of security concerns,” said Steve Rathgaber, NYCE president and chief operating officer. Verient develops technologies and products that allow financial institutions, including credit unions, to customize payment choices. NYCE, a Metavante company, provides consumers with secure access to funds through ATM locations and point-of-sale locations nationwide.
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