Mellon Network Services, a division of Mellon Bank Corp., Pittsburgh, has been named preferred vendor of Visa Check card services for the Rockford, Ill.-based EFTI electronic banking network.
As preferred vendor, Mellon will provide debit card services to the EFTI network and its more than 420 member financial institutions throughout Illinois, Indiana, Kentucky, Michigan, and Missouri.
Ten EFTI member institutions have signed agreements to convert their card bases to Mellon's Visa Check off-line debit product.
EFTI's Visa Check card provides automated teller machine access through the Easy Answer, Access 24, Money Network, Tyme, Cirrus, and Visa networks. The Visa Check card is accepted at approximately 12 million Visa merchant locations worldwide.
EFTI currently operates 1,701 ATMs, with 2.2 million cardholders and more than three million switch transactions a month.
A third-party processor of ATM and merchant card transactions, Mellon Network Services currently processes approximately three million debit card transactions a month and has signed nearly 155 contracts in 1995.