EUFISERV Expands European and Global Coverage with PULSE Global ATM Network
13 Dicembre 2012 - 3:00PM
Business Wire
EUFISERV Payments and PULSE, the debit and ATM network
subsidiary of Discover Financial Services (NYSE: DFS), announced
today they have entered into a strategic ATM participation
agreement allowing more than 68 million cards, issued by 600
EUFISERV member banks, to participate in the PULSE Global ATM
Network.
“EUFISERV Payments is proud to announce this major milestone for
the European card market. As the only scheme providing ATM and POS
Pan European access today, the partnership with PULSE opens new
opportunities for our member banks inside and outside of Europe,”
said Wolfgang Adamiok, Board Chairman of EUFISERV Payments and Head
of Payments & Card Strategies at the German Savings Banks
Association.
Under the terms of the strategic alliance, ATM transactions
conducted by EUFISERV member cardholders will be enabled at more
than 850,000 ATMs in the PULSE Global ATM Network. In addition to
expanding acceptance for EUFISERV members in key destination
markets, the agreement also will increase PULSE’s global ATM
volume.
“PULSE is pleased to assist EUFISERV with their goal of creating
a more robust Pan European Payments network,” said Dave Schneider,
President of PULSE. “We have built an extensive global ATM network
and look forward to working with EUFISERV participants to enable
their cards in the European region and other key target
markets.”
The arrangement will be implemented in two phases. PULSE and
EUFISERV will focus first on European markets, followed by
acceptance opportunities in other PULSE ATM markets where EUFISERV
cardholders frequently travel. The companies also plan to look at
future opportunities for EUFISERV participants’ card members, both
in Europe and around the world.
Gerd F�rster, General Manager of EUFISERV Payments, explained
that the partnership is in line with EUFISERV’s goals and they hope
to partner with additional banks and financial institutions in the
future. “The new agreement with PULSE provides our issuing members
with new options for ATM access. EUFISERV Scheme – as a
SEPA-compliant scheme – is open to banks and other financial
institutions. We continue to look for new opportunities to expand
our scheme. Our partnership with PULSE is an example of that,” said
F�rster.
"This alliance is a significant part of Discover’s 'Network to
Network' strategy to create an alternative global payments network
and give both financial institutions and consumers more choice,”
said Joe Hurley, Vice President of Global Business Development at
Discover. "By partnering with regional payments networks such as
EUFISERV, Discover is able to leverage its unique set of assets to
grow volume, while providing our partners with the global reach and
localized preferences and needs they require. It's a win-win for
everyone."
About EUFISERV Payments
EUFISERV Payments scrl is a Brussels-based cooperative company
with limited liability owned by retail banks from ten European
countries and by the European Savings Banks Group. The EUFISERV ATM
Scheme is operational in eight European countries and provides
access to cash to over 68 million cardholders. EUFISERV branded
cards are issued by over 600 participating European banks and are
accepted at over 75,000 branded EUFISERV ATMs across Europe. It is
the only European scheme in operation today.
Since it began in 1990, the scheme has been owned and managed by
European banks. In 2008 the scheme was fully separated from its
former processing business (now trading as Trionis), in line with
the SEPA requirements of the European Central Bank and the European
Commission. The shareholders of EUFISERV Payments are major
European banks and bank owned organizations. For more information,
visit www.eufiserv.com.
About PULSE
PULSE, a Discover Financial Services (NYSE: DFS) company, is a
leading debit/ATM network, serving more than 6,300 financial
institutions across the United States. This includes 4,300 issuers
with which PULSE has direct relationships and more than 2,000
additional issuers through agreements PULSE has with other debit
networks. PULSE links cardholders with ATMs and POS terminals at
retail locations nationwide. Through its global ATM network, PULSE
provides worldwide cash access for Diners Club and Discover
cardholders through more than 850,000 ATM locations. The company
also is a source of electronic payments research and is committed
to providing its participants with education on emerging products,
services and trends in the payments industry. For more information,
visit www.pulsenetwork.com.
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