E*TRADE Joins Fiserv EFT Network

BROOKFIELD, Wis. – Fiserv has announced that E*Trade Access, the Arlington, Virginia-based ATM deployer that is a subsidiary of E*Trade Bank, has signed an agreement that will add its 15,000 machines to Fiserv’s ACCEL/Exchange EFT Network. The addition of the ATMs lifts ACCEL’s total number of machines to over 50,000 nationwide. The agreement will grant the 80 million ATM cardholders with ACCEL branded cards access to those machines. “Economics and influence are two of the most important factors we consider when looking at network participation options,” said Dale Dentlinger, Director of E*TRADE Access. “Participation in ACCEL/Exchange will help us to maximize our transaction approval rates and potentially improve our profitability. Kevin Gregoire, Executive Director of ACCEL/Exchange, sees the addition of E*TRADE Access as another major step in the growth of the network. “In the past 12 months, more than 1,400 financial institutions with more than 30 million cards have added access to the ACCEL POS network,” Gregoire said. “With the addition of E*TRADE Access to the network, we continue to increase our terminals, as well as our merchant locations and cardholders.”