10 Aug 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.