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Frequently Asked Questions Q. Who is eligible to become a member of the Network? A. ACCEL/Exchange Members must be Insured Depository Financial Institutions (IDFIs) or wholly owned subsidiaries of IDFIs located in the United States and Canada. Although ACCEL/Exchange membership is limited to IDFIs, non-IDFI organizations are able to participate in the Network. Non-IDFIs gain access to the Network through sponsorship by an existing Network Member, i.e. IDFI. Q. Why should I choose ACCEL/Exchange as my organization’s ATM/POS network? A. As described in the answers below, ACCEL/Exchange offers the combination of access, performance and value that members and participants require. Q. What kind of geographical coverage does the Network offer? A. ACCEL/Exchange ATMs are located in all 50 U.S. states, U.S. territories and across Canada, an instantly recognized brand with a significant track record of success. ACCEL/Exchange is also accepted at the point-of-sale in local, regional and national merchants throughout the U.S., ensuring cardholders can use their cards when and where they choose. Q. What kind of performance record does the Network have? A. ACCEL/Exchange consistently delivers industry-leading switch performance, terminal availability, and ATM and POS authorization rates. Q. What kind of value does the Network offer? A. The Network offers exceptional access and performance at a distinct and quantifiable value. With its clear, competitive pricing across the board, including membership, participation and interchange fees, ACCEL/Exchange can minimize your overall network investment and participation costs and maximize your revenue. The need to participate in several EFT networks with convoluted and, in some cases, cost-prohibitive fee schedules is reduced. Q. Who owns the Network? A. ACCEL/Exchange is owned and operated by Fiserv EFT, a renowned innovator and leader in the EFT marketplace and a division of Fiserv, Inc. (Nasdaq:FISV), a Fortune 500 company which provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit www.fiserv.com . Q. How long has the Network been in existence? A. Founded in the Pacific Northwest in the 1970s, The Exchange Network was the world's first 24-hour ATM shared network, as well as the first to complete both a coast-to-coast ATM transaction and an international ATM transaction. The ACCEL Network was founded in 1985 as the Northwest's regional POS Network. The ACCEL and Exchange Networks merged in 1991 to provide member organizations with superior ATM and POS capabilities through a single network membership. |
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ISOs & Processors
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