WOODCLIFF LAKE, N.J. NYCE Corp., the dominant automated teller machine and point of sale debit network in the Northeast, is seeking a buyer, according to a report in ATM & Debit News, a newsletter published by the Faulkner & Gray division of Thomson Financial.
According to the newsletter, two top electronic funds transfer industry officials, who requested anonymity because of their possible participation in a NYCE purchase, said that NYCE sent requests for bids to at least a dozen companies in recent weeks. One source said NYCE hopes to have a buyer by the end of this month.
Cheryl Calo, a spokeswoman for NYCE declined to comment directly on the report but said NYCE has made it a practice to continually evaluate its options on alliances or mergers.
Thomson Financial is also the parent company of American Banker.