U.S. Bancorp Builds Nationwide ATMPower
MINNEAPOLIS - (06/28/06) U.S. Bancorp announced Tuesdayit is combining its newly acquired MoneyPass ATM network with itsown 5,000 cash machines to create a nationwide fleet of 12,000ATMs, the second-largest bank owned fleet in the country. Only Bankof Americas fleet of 18,000 ATMs and the independentlyoperated Cardtronics and TRM Corp., with 22,000 and 18,000,respectively, are larger than the U.S. Bancorp operation. U.S.Bancorp obtained the 7,000 surcharge-free MoneyPass machines whenit acquired Genpass last year. More than 2,000 credit unionsprovide their members with surcharge-free access over the MoneyPassnetwork through various agreements with The Credit Union 24, theIllinois CU League's Member Access, Mid-Atlantic Corporate FCU.U.S. Bancorp has also emerged as the largest acquirer of creditunion credit card portfolios through its wholly owned ElanFinancial Services subsidiary.