Advertisement
*
Reproduction permitted for personal use only. For reprints and reprint permission, contact reprints@wistechnology.com.
Digest

Fiserv reports strong growth in key areas

Brookfield, Wis.-- Fiserv, Inc. and its Fiserv EFT business unit on Wednesday announced increased electronic funds transfer (EFT) transaction volume and strong growth rates in key transaction categories for the first six months of 2005.

Fiserv EFT is an ATM and point-of-sale (POS) processing business. Overall, Fiserv EFT reported volume of 2.28 billion transactions, a 13% increase over comparable 2004 volume of 2.02 billion.

The Fiserv-owned ACCEL/Exchange Network, the nation's fifth largest EFT network, also reported solid volume growth through mid-year. Six-month transaction totals grew 40% in 2005 versus 2004, buoyed by robust POS transaction activity. For the first six months of 2005, POS activity increased by 50% to 160 million transactions. ACCEL/Exchange transactions are currently enabled at 73,000 ATMs and approximately 2.4 million POS devices nationwide.

-Add Your Comment

Name:
E-mail:

Comment Policy: WTN News accepts comments that are on-topic and do not contain advertisements, profanity or personal attacks. Comments represent the views of the individuals who post them and do not necessarily represent the views of WTN Media or our partners, advertisers, or sources. Comments are moderated and are not immediately posted. Your email address will not be posted.

WTN Media cannot accept liability for the content of comments posted here or verify their accuracy. If you believe this comment section is being abused, contact edit@wistechnology.com.

WTN Media Presents