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Fiserv network continues to expand
May 2, 2007
BROOKFIELD, Wis. –The ACCEL/Exchange Network, owned and operated by Fiserv, Inc., has grown its in-network transaction volume by 89% over the last two years to 455 million transactions. The Network signed 272 new members in 2006 and ACCEL/Exchange transactions are currently enabled at more than 180,000 ATMs in North America.
"More people are using their debit card more frequently, and it's driving the ACCEL/Exchange Network's growth to unprecedented levels. We expect the trend to continue in 2007, said Mike Williams, senior vice president of the ACCEL/Exchange Network.
Membership among Canadian financial institutions has been among the highest, increasing 228% from 2004 to 2006, Williams said.
"Canadian cardholders also enjoy the convenience of being able to cross the border and use their debit cards in the U.S.," said Barbara Ciarniello, board chair of Ficanex. "For example, our cross-border point-of-sale transaction volume has increased more than 500% since 2004. We are finding that cardholders are very satisfied with the convenience, and financial institutions are enthusiastically signing on to our network."
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