Accel (interbank network): Difference between revisions

Accel
Operating area	United States
Members	±3,100 (U.S.)
ATMs	±412,000
Founded	1974

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Revision as of 15:54, 26 September 2014

Accel (formerly known as ACCEL/Exchange) is an interbank network. It connects over 412,000 ATMs in all 50 states in the United States.The network also has a small number of ATMs in certain U.S. Air Force Bases around the world, and over 3.3 million electronic funds transfer at point-of-sale locations.

The U.S. division is managed by Fiserv.

History

1985: Accel was founded, by major banks in the Northwest of the United States, primarily as an electronic funds transfer network.
1991: Accel began a business partnership with THE EXCHANGE network creating ACCEL/Exchange.
In the 1990s most banks in the Pacific Northwest were part of this network including Seafirst Bank/Bank of America, US Bank, First Interstate Bank, Puget Sound Bank, Rainier Bank/Security Pacific, Key Bank and West One Bank. Since then, bank mergers caused some banks to leave the Accel/Exchange network. Now only Key Bank is part of Accel/Exchange when it comes to major banks in the Northwest.
2013: In April, the company streamlined the name from "ACCEL/Exchange" to simply "Accel," a result of a repositioning of the debit payment network, and a reflection of its current "ability to accelerate funds transfers across retail, biller and social person-to-person payments. ^[1]

References

^ Fiserv ACCEL/Exchange now just Accel

External links

Accel (United States)

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[1] Fiserv ACCEL/Exchange now just Accel

[1]

@@ Line 1: / Line 1: @@
+{{DISPLAYTITLE:Accel}}
 {{Infobox Interbank Network
-| name = ACCEL/Exchange
+| name = Accel
-| logo = [[Image:ACCELExchangeLogo.png|200px]]
+| logo = [[Image:Logo_of_company,_Accel.jpg]]
-| area = [[United States]], [[Canada]]
+| area = [[United States]]
-| foundation = 1974 (as The Exchange)
+| foundation = 1974
-| members = ±3,500 (U.S.)<br>249 (Canada)
+| members = ±3,100 (U.S.)
-| atm = ±245,000
+| atm = ±412,000
 }}
-'''ACCEL/Exchange''' is an [[interbank network]]. It connects over 245,000
+'''Accel''' (formerly known as ACCEL/Exchange) is an [[interbank network]]. It connects over 412,000
-[[Automatic teller machine|ATM]]s in all 50 states in the [[United States]], with a further 2,300 throughout [[Canada]] under its subsidiary, '''The Exchange Canada'''. The network also has a small number of ATMs in certain U.S. [[Air Force Base]]s around the world, and over one million [[electronic funds transfer]] at point-of-sale locations.
+[[Automatic teller machine|ATM]]s in all 50 states in the [[United States]].The network also has a small number of ATMs in certain U.S. [[Air Force Base]]s around the world, and over 3.3 million [[electronic funds transfer]] at point-of-sale locations.
-The U.S. division is managed by [[Fiserv]] and the Canadian one by FICANEX.
+The U.S. division is managed by [[Fiserv]].
 ==History==
-*1974: The Exchange was founded in the [[Pacific Northwest]] of the United States, as an interbank network, touting itself as the world's first 24-hour ATM network.<ref>[http://www.accelexchange.com/au_historyOfFirsts.aspx ACCEL/Exchange: About Us - A History of Firsts<!-- Bot generated title -->]</ref>
+*1985: Accel was founded, by major banks in the Northwest of the United States, primarily as an [[electronic funds transfer]] network.
+*1991: Accel began a business partnership with THE EXCHANGE network creating ACCEL/Exchange.
-*1983: The network expanded just North of the border, to unite the ATMs of several [[credit union]]s in [[British Columbia]].<ref>[http://www.the-exchange.ca/default.aspx?pageID=1002&langID=en The Exchange<!-- Bot generated title -->]</ref> The move took place one year before the much larger [[Interac]] network was founded by five leading banks.
+*In the 1990s most banks in the Pacific Northwest were part of this network including [[Seafirst Bank]]/[[Bank of America]], [[US Bank]], [[First Interstate Bancorp|First Interstate Bank]], Puget Sound Bank, [[Rainier Bank]]/[[Security Pacific]], [[Key Bank]] and West One Bank.  Since then, bank mergers caused some banks to leave the Accel/Exchange network.  Now only Key Bank is part of Accel/Exchange when it comes to major banks in the Northwest.
-*1985: ACCEL was founded, by major banks in the Northwest of the United States, primarily as an [[electronic funds transfer]] network.
+*2013: In April, the company streamlined the name from "ACCEL/Exchange" to simply "Accel," a result of a repositioning of the debit payment network, and a reflection of its current "ability to accelerate funds transfers across retail, biller and social person-to-person payments. <ref>[http://www.atmmarketplace.com/news/fiserv-accelexchange-now-just-accel/ Fiserv ACCEL/Exchange now just Accel<!-- Bot generated title -->]</ref>
-*1991: The two companies merged to form ACCEL/Exchange.
-In the 1990s most banks in the Pacific Northwest were part of this network including [[Seafirst Bank]]/[[Bank of America]], [[US Bank]], [[First Interstate Bancorp|First Interstate Bank]], Puget Sound Bank, [[Rainier Bank]]/[[Security Pacific]], [[Key Bank]] and West One Bank.  Since then, bank mergers caused some banks to leave the Accel/Exchange network.  Now only Key Bank is part of Accel/Exchange when it comes to major banks in the Northwest.
 ==References==
-[[Image:ACCELExchangeCards.png|200px|right|thumb|Separate logos of ACCEL and The Exchange prior to the merger]]
 {{reflist}}
 ==External links==
-*[http://www.accelexchange.com ACCEL/Exchange (United States)]
+*[http://www.accelnetwork.com Accel (United States)]
-*[http://www.the-exchange.ca The Exchange (Canada)]
 {{Interbank networks}}