Fiserv partners with FCTI to drive ATM terminals for world’s largest convenience retailer’s U.S. stores
BROOKFIELD, WI (September 27, 2016) — Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, has partnered with FCTI Inc., (FCTI), a nationwide ATM network company, to provide transaction processing for nearly 8,000 ATM terminals at franchise- and corporate-owned 7-Eleven stores across the United States.
Through the partnership, Fiserv will provide ATM device driving, transaction authorization, network gateway access and switching and settlement. Additionally, Fiserv will tailor its self-service tool to meet the specific needs of these ATMs to enable FCTI to do self-terminal setups.
“Next year, the ATM will celebrate its 50th anniversary,” said Jayne Berthelsen, senior vice president, Product and Market Development, Card Services, Fiserv. “For five decades, the ATM has been at the forefront of the cardholder experience. People want to live their lives without worrying about having access to the money they need. This partnership increases the speed and accessibility of funds, enabling people to manage finances and get cash with ease and convenience.”
The conversion of all ATMs to the Fiserv platform is slated to begin in July 2017. Components of the overall products solution include providing priority routing of transactions over the Accel® debit payments network to FCTI clients and the availability of CardFree CashSM from Fiserv on FCTI ATMs – delivering an immediate, cardless way to withdraw funds at thousands of additional ATM locations nationwide.
“FCTI is committed to keeping our customers ahead of the latest standards, trends and advances in technology by remaining on top of market trends and performance,” said Robel Gugsa, Co-CEO and Chief Technology Officer, FCTI. “Our partnership with Fiserv is a prime example of bringing this commitment to life.”
Fiserv and FCTI are also working together to bring dynamic currency conversion to ATMs, improving the cardholder experience by presenting transaction withdrawals in the cardholder’s home currency.
In a world that is moving faster than ever before, Fiserv helps clients deliver solutions that are in step with the way people live and work today – financial services at the speed of life. Learn more at TheSpeedofLife.com.
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com and follow on social media for more information and the latest company news.
About FCTI, Inc.
FCTI is a leading nationwide ATM Network and Service Provider. Since 1993, the nation’s largest banks, retailers and hospitality brands have relied on FCTI to grow their revenues with ATMs. With a focus on customer service, FCTI enables companies to drive additional revenue without upfront investment in hardware, ensuring a full-service approach that reduces the cost and hassle associated with maintenance, cash management and ATM compliance. Learn more at http://www.fcti.net.