JACKSONVILLE, Fla. – Fidelity National Information Services, Inc. (FIS), owner of the InterCept surcharge-free switch, has signed an agreement with Elan Financial Services, owner of the MoneyPass surcharge-free ATM network, to provide cardholders of both MoneyPass and Intercept with access to nearly 15,000 ATMs across the U.S.
“Elan and FIS have shared a positive relationship due to our mutual ability to provide clients with innovative, competitively priced, high-quality products and services,” said Douglas Miragla, president of MoneyPass. “The goal of this relationship is to respond to increased demand, from both financial institutions and their cardholders, for a viable, surcharge-free solution by offering an extensive network of MoneyPass and InterCept ATMs.”
“Offering surcharge-free transactions at ATMs operated by both networks gives financial institutions a powerful marketing tool,” said Tony Ficarra, executive vice president of FIS’ e-Business Services. “This agreement offers financial institutions of all sizes the ability to participate in a nationwide, surcharge-free network that is convenient to both existing and prospective cardholders.”
“Surcharge-free ATM networks are a selling point for financial institutions that want to expand business breadth and loyalty,” said Miraglia. “The growth and popularity of these networks also can be attributed to financial institutions’ desire for a more sustainable alternative to rebating surcharges incurred by their cardholders.”
Through this new agreement, financial institutions participating in either MoneyPass or InterCept will be able to offer their cardholders access to both ATM networks in September 2008.
About MoneyPass
MoneyPass is a network of Elan Financial Services, one of the nation’s leading providers of complete outsourced solutions, with a focus on payments and ATM and debit card processing for financial institutions, independent sales organizations (ISO) and retailers. MoneyPass provides more than 12,000 surcharge-free ATMs across the United States, enabling cardholders of participating financial institutions to access their money where they live, work and travel. With more than 850 participating financial institutions, 21 participating ISOs and more than 25 million active cards, MoneyPass is a rapidly growing, surcharge-free network whose emphasis is on cost-efficient membership options, flexible terms and accessible locations. For more information, call 800.343.7064 or visit www.moneypass.com.
About Fidelity National Information Services
Fidelity National Information Services, Inc. (NYSE: FIS), a Fortune 500 company, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one overall financial technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 9,000 financial institutions in more than 80 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.