• Transaction volume up 29 percent from 2010
• More than 1.5 billion transactions processed in 2011
• 151 million transactions processed in December 2011
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that its ACCEL/Exchange(R) payments network had another record-setting year, processing more than 1.5 billion transactions in 2011, an increase of nearly 29 percent over 2010. ACCEL/Exchange payments network from Fiserv is one of the fastest-growing payments networks in the industry, supplying the infrastructure for financial institutions to give cardholders around-the-clock access to their demand deposit account funds at ATMs and the point of sale.
ACCEL/Exchange also experienced record-setting volume in the fourth quarter and processed more than 151 million transactions in December 2011. Network membership increased by nearly 10 percent in 2011 bringing total membership to more than 3,000 financial institutions.
"2011 was another year of above-industry growth for the ACCEL/Exchange from Fiserv, which we take as a testament to the reliability and innovative nature of our network," said David Keenan, general manager, Network Solutions, Fiserv. "We continue to enhance the network to make it more valuable to our financial institution members, enabling them to provide their cardholders with secure payments and convenient funds access. In 2012 we have plans to add even more value to our member institutions with the introduction of mobile access and real-time access to funds for person-to-person (P2P) transactions."
Throughout 2011 Fiserv also saw continued growth in its Member Advantage program, an innovative interchange program for members who choose ACCEL/Exchange as their exclusive PIN debit network plus subscribe to at least one additional Fiserv product or service. Members in the program have the opportunity to earn higher interchange rates and reduce overall expenses.
"More and more institutions are recognizing that the ACCEL/Exchange Member Advantage program is the best way to leverage their debit investment," said Keenan. "With industry-leading financials, program optimization tools, loyalty rewards and integration with the unsurpassed assets of Fiserv, ACCEL/Exchange Member Advantage is the straight-forward way for financial institutions to strengthen the relationships with their customers while maximizing the return on their debit investment in an increasingly complex and competitive environment."