New capabilities deliver greater benefits for issuers and merchants
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, announced today that the Accel® debit
payments network has expanded routing options for online and
brick-and-mortar transactions, providing greater flexibility for
merchants and more convenience for consumers. Additionally, in April
2018, cardholder signatures will be optional for these transactions
For decades, the only routing option for debit transactions authorized
by a signature was via the front-of-card brand. Accel's expansion allows
for greater competition to the benefit of financial institutions and
merchants. Card issuers and merchants alike benefit from lower fees and
competitive interchange when routing transactions to Accel.
"Backed by the power of Fiserv, Accel's strong growth is founded in
enabling convenient, secure, real-time cardholder transactions," said
David Keenan, Senior Vice President, Card Products, Fiserv. "We are
committed to helping financial institutions and merchants deliver the
experiences and services consumers want -- including point-of-sale
programs for PIN and PIN-less debit, cardless options at point-of-sale
and ATM, e-commerce and mobile payments - to generate deeper engagement,
stronger loyalty and a competitive edge."
Merchants that recently added the Accel signature debit service include
Walmart. "Customers will see no difference when they check out. For
Walmart, the cost savings from this additional routing option will
quickly add up, allowing us to further invest in price and the customer
experience," said Mike Cook, Senior Vice President and Assistant
Treasurer, at Walmart.
Accel is one of the few U.S. networks to offer dual and single message
support, providing the most flexibility in terms of how merchants can
process payment transactions. This provides more routing choice on all
In a world moving faster than ever before, Fiserv helps clients deliver
solutions in step with the way people live and work today — financial
services at the speed of life. Learn more at fiserv.com.
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and
deliver financial services experiences in step with the way people live
and work today. For more than 30 years, Fiserv has been a trusted leader
in financial services technology, helping clients achieve best-in-class
results by driving quality and innovation in payments, processing
services, risk and compliance, customer and channel management, and
insights and optimization. Fiserv is a member of the FORTUNE®
500 and has been named among the FORTUNE Magazine World's Most Admired
Companies® for five consecutive years, recognized for
strength of business model and innovation leadership. For more
information, visit fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180131005705/en/
Sr. Director, Public
Manager, Public Relations
Source: Fiserv, Inc.
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