News

Fiserv volumes grow in '04

February 1, 2005

BROOKFIELD, Wis. - Fiserv, Inc. (Nasdaq: FISV) said its Fiserv EFT unit and Accel/Exchange network processed record-setting EFT transaction volume for 2004, including best-ever monthly volume in December.

For the full year, Fiserv EFT reported total volume of 4.2 billion transactions, a 14 percent increase over 2003 volume. For December 2004, volume was a single-month-record 385 million transactions, an increase of 12 percent from December 2003.

Accel/Exchange, the nation's fifth largest EFT network, also reported record volume for the year and for December. Transactions for 2004 totaled 281 million, a 26 percent increase over 2003. ATM transactions were up 33 percent for the year to more than 41 million, while point-of-sale transaction activity increased by 25 percent to 240 million.

For December, transaction volumes increased 29 percent from December 2003 to more than 28 million. Accel/Exchange transactions are currently enabled at 73,000 ATMs and approximately 2.4 million POS devices nationwide.

In addition to its own Accel/Exchange network, Fiserv EFT also drives the Armed Forces Financial Network (AFFN); Tallahassee, Fla.-based Credit Union 24; the surcharge-free Allpoint Network; and electronic benefits transfer (EBT) transactions.