Fiserv Reporting EFT Volume UpConsiderably

Register now

BROOKFIELD, Wis. - (07/27/04) -- Fiserv is reporting record EFTvolume at its EFT/CNS business unit for the first half of 2004,saying it has seen robust double-digit growth rates in alltransaction categories. Overall, Fiserv EFT/CNS reported volume ofjust over two-billion transactions, an 18% increase over volumes in2003, said the company, which provides ATM and POS processing.Fiserv said its ACCEL/Exchange Network, the nation’s fifthlargest EFT network, also reported record volume through mid-year.Six-month transaction totals leapt 25% to 127 million in 2004.Among individual delivery channels, ATM transactions climbed 62% to21 million in 2004, while POS transaction activity increased by 19%to 106 million.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER