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ExxonMobil Joins ACCEL/Exchange Network; More Than 14,000 Service Stations to Participate

Posted on: Tuesday, 12 October 2004, 06:00 CDT

Fiserv, Inc. (NASDAQ:FISV) said its ACCEL(R)/Exchange(R) electronic funds transfer (EFT) network has added Exxon Mobil Corporation service stations and stores to its list of participating merchants. Approximately 80 million consumers throughout the United States currently hold ACCEL/Exchange-enabled debit cards.

ACCEL/Exchange is a comprehensive ATM and point-of-sale (POS) debit network that maintains industry-leading authorization rates and network switch availability. The advantages of participation in ACCEL/Exchange include complete EFT services and unparalleled flexibility for transaction routing. The network is accessible at approximately 1.6 million point-of-sale devices and 55,000 ATMs, providing coast-to-coast coverage. ACCEL/Exchange is the nation's fifth-largest PIN-debit network.

"Getting cardholders authorized at merchant POS terminals through our cost-effective and efficient on-line debit network is our goal, plain and simple," said Tony Catalfano, President and Chief Operating Officer of Fiserv EFT, the Fiserv business unit that operates the ACCEL/Exchange Network. "ACCEL's switch provides a first-rate authorization endpoint. We are thrilled to add ExxonMobil to our growing list of participating merchants."

Exxon Mobil Corporation, headquartered in Irving, Texas, is the world's premier petroleum and petrochemical company, whose subsidiaries have operations in nearly 200 countries and territories. In the United States, ExxonMobil markets through more than 14,000 Exxon-branded and Mobil-branded service stations.

Fiserv EFT serves 3,000 client endpoints across the United States, representing financial institutions of all sizes. Fiserv EFT operates more than 16,500 ATMs and owns the ACCEL/Exchange Network. Fiserv EFT currently processes approximately 365 million ATM and debit transactions per month, making it one of the largest electronic funds transfer processors in the nation.

Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial industry, including transaction processing, business process outsourcing and software and systems solutions. The company serves more than 15,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners and investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.7 billion in processing and services revenues for 2003. Fiserv can be found on the Internet at www.fiserv.com.

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