Magazine Article | May 10, 2006

The ACCEL/Exchange Network

Source: Innovative Retail Technologies



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Accel Exchange Logo

Company Overview:
Fiserv EFT, which owns ACCEL/Exchange, currently processes approximately 5 billion debit transactions annually, making it one of the largest electronic funds transfer processors in the nation.

Product Description:
Looking to reduce your card acceptance costs at the point of sale? The ACCEL/Exchange Network can help. Most debit cards participate in multiple debit card networks. The cost you pay for the debit card transaction is up to you.  ACCEL/Exchange offers a national card base with lower interchange and switch fees than the other major debit networks.  Participation in ACCEL/Exchange gives retailers and ATM owners access to substantial EFT (electronic funds transfer) assets and capabilities, including:

  • Access to over 80 million cardholders from 3,500 financial institutions.
  • A significant presence in attractive markets. ACCEL/Exchange cardholders reside in all 50 states, U.S. territories, and internationally.
  • Unrivaled financial convenience. ACCEL/Exchange is wherever cardholders are, providing them with anytime, anywhere access to their funds – at ATMs and point of sale locations.
  • Acceptance by leading merchants. ACCEL/Exchange cards are accepted at the nation’s leading merchants, ensuring cardholders can use their cards when and where they choose. Your competitors are participating in ACCEL/Exchange and taking advantage of lower debit transaction costs.
  • The potential to grow above market growth rates. POS debit is the fastest-growing segment of the payments market and ACCEL/Exchange is among the fastest-growing networks in POS volume. Consumers prefer to pay with their debit cards and use their PINs to do so.

 

It’s clear: the winning move is to participate in the ACCEL/Exchange Network. By accepting ACCEL/Exchange at the point of sale, you can provide access to new customers and reduce the cost of your payments program.

The ACCEL/ Exchange Network
Contact Information:
David Munno
15395 S.E. 30th Place, Suite 100
Bellevue, WA 98007
PH: (425) 644-6637
FX: (425) 644-5164
E-mail: david.munno@fiserv.com
Web site: www.accelexchange.com