02.10.05 | New York Community Bank to Launch Prepaid Services Program

Prepaid and Stored Value Program launched in cooperation with
TRANSFIRST and Ingenico

ATLANTA (February 10, 2005) - Ingenico, the world's leading provider of electronic payment terminals, and TRANSFIRST, a leading provider of transaction processing and payment enabling technologies, today 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.

"New York Community Bank is proud to be among the first financial institutions in the United States to offer our customers the convenience of purchasing prepaid and stored value services at the branch level," said Robert J. DuFort, senior vice president of New York Community Bank. "Both established and new customers are attracted to the exceptional 'one-stop shopping' ease provided by these products. Long distance, wireless, gift, debit and other prepaid products are a profitable and 'leading edge' service that is enabling New York Community Bank to reach a new plateau in customer value."

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.

"Today and more than ever, retail banks are looking to bring innovative and profitable products to their customer base," said Marla Knutson, president of TRANSFIRST's Financial Institution Services. "These same banks are also searching for ways to address the needs of the 'unbanked' and 'under banked'. Prepaid and stored value products, when hosted on the Ingenico Elite 712 EFT POS terminal, will enable New York Community Bank to offer a comprehensive and profitable suite of products and services. TRANSFIRST is pleased to be a partner of New York Community Bank and to have the ability to deliver this suite of products to all of our financial institution customers."

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 www.ingenico-us.com/products/payment_terminals/pt_counter.html.

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.

About New York Community Bancorp
New York Community Bank is the primary subsidiary of New York Community Bancorp, Inc. (NYSE: NYB), the fourth largest thrift in the nation with assets of $24 billion at December 31, 2004. The Bank serves its customers through a network of 143 banking offices in New York City, Long Island, Westchester County, and northern New Jersey, and operates through seven divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, CFS Bank, First Savings Bank of New Jersey, and Ironbound Bank. In addition to operating the largest supermarket banking franchise in the New York metro region, with 52 in-store branches, the Bank is one of the leading producers of multi-family mortgage loans in New York City. Additional information about the Company is available at www.myNYCB.com.

About TRANSFIRST
A premier provider of transaction processing services and payment enabling technologies, TRANSFIRST offers a first-rate suite of products and services and customized processing programs uniquely tailored for the special business needs of financial institutions, independent sales organizations and agents and its referral and reseller partners. Through its in-depth industry knowledge, partnership strategy and innovative solutions, TRANSFIRST provides a specialized approach to transaction processing for healthcare providers, public entities, online and other non-traditional merchants, as well as brick and mortar retailers. Founded in 1995, TRANSFIRST is a market leader in strategic mergers and acquisitions, which has allowed the company to gain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TRANSFIRST is headquartered in Dallas, Texas, and has operations facilities in Louisville, Colo., Omaha, Neb., Kansas City, Kan., Newport Beach, Calif., Milwaukee, Wis. and Langhorne, Penn. TRANSFIRST was recapitalized in 2000 by GTCR Golder Rauner LLC, a leading private equity investment firm. Company wide, TRANSFIRST currently processes approximately $21 billion in annual sales volume for more than 150,000 merchants and more than 760 financial institutions. TRANSFIRST can be reached at 1-888-254-4137 or at www.TRANSFIRST.com.

About Ingenico
With a 24 percent market share, INGENICO is the world's largest provider of secure payment and transaction systems used by banking, retail, petroleum, transportation, healthcare and governments to ensure the secure acceptance and flow of electronic commerce. The Company's 1300 employees as well as network of subsidiaries, partners and distributors make it simple, fast and safe to purchase goods and services anywhere in the world.

Annually, INGENICO dedicates more than 8 percent of its revenue to research and development of new payment systems providing ever increasing performance and security. These payment systems, based on the UNICAPTTM 32 architecture and EMV smart card standards, leverage technologies such as biometry, touchscreen technology, GPRS communications and BluetoothTM to deliver cost effective performance. INGENICO's continual technological and commercial development of applications for purchasing card systems, e-procedures, prepaid systems and electronic transaction management provide solutions for markets that demand optimal security (Visa PED) and efficiency. Ingenico is also engaged in a large number of emerging markets such as electronic identity control, health cards, logistic traceability and many others. For more information about Ingenico, visit their Web site at www.ingenico-us.com.

About BANKFIRST
BANKFIRST is a progressive bank specializing in reliable, innovative payment services and competitive deposit products for consumers nationwide. After over 75 years, BANKFIRST continues to provide innovative solutions by focusing on stored value cards and related services since 2001; BANKFIRST is now recognized as a leader and pioneer in this emerging industry. BANKFIRST is chartered in Sioux Falls, S.D., with offices in neighboring Toronto and Brookings, S.D., Chandler, Ariz., and Minneapolis, Minn. For more information, please visit www.bankfirstpaysys.com.

For further information:
L. Barry Thomson
President
Ingenico Corp.
(770) 594-6000
info@ingenico-us.com