Accel (interbank network) explained

Accel
Owner:Fiserv
Area:United States
Foundation:1974
Members:±3,100 (U.S.)
Atm:±412,000

Accel (formerly known as the ACCEL/Exchange Network) is a North American interbank network owned by Fiserv. It connects over 412,000 automatic teller machines (ATMs) in all 50 states in the United States. The network also has a small number of ATMs in certain U.S. Air Force Bases around the world, and over 3.3 million electronic funds transfer at point-of-sale locations.

History

The Exchange Network

THE EXCHANGE Network
Owner:FICANEX
Area:Canada
Foundation:2000
Members:150
Atm:2,693

Accel's Canadian counterpart, known as THE EXCHANGE Network (and stylized as THE EXCHANGE), is operated by FICANEX, a limited partnership of several Canadian banks and credit unions which licenses the "THE EXCHANGE" branding and intellectual property from Fiserv.[2] THE EXCHANGE Network includes nearly 3,000 ATMs serving customers of roughly 150 financial institutions—primarily credit unions and online banks but also including smaller banks such as the National Bank of Canada and Canadian Western Bank.[3] THE EXCHANGE Network is not used for debit payment processing in Canada, as all Canadian debit cards use the Interac network for EFTPOS debit transaction, but most EXCHANGE debit cards can be used for debit purchases through the Accel network in the United States.

External links

Notes and References

  1. http://www.atmmarketplace.com/news/fiserv-accelexchange-now-just-accel/ Fiserv ACCEL/Exchange now just Accel
  2. Web site: Fiserv's ACCEL/Exchange Helps Canadian Financial Institutions Fight PIN Debit and ATM Fraud . Business Wire . 13 April 2020 . en . 2 October 2006.
  3. Web site: About FICANEX Services | the Exchange . 2017-03-11 . https://web.archive.org/web/20170312071710/http://www.theexchangenetwork.ca/default.aspx?PageID=1047&LangID=en . 2017-03-12 . dead .