Fiserv, a financial services provider, has announced a partnership with FCTI, an ATM network company, to provide processing for about 8,000 ATMs at 7-Eleven stores across the nation and will also custom fit its self-service tool so that FCTI can do self-terminal setups.
“Next year, the ATM will celebrate its 50th anniversary,” Jayne Berthelsen, senior vice president of product and market development for card services at Fiserv, said in a statement. “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 two companies also announced that they will work together to bring dynamic currency conversion to ATMs to better improve the customer experience by allowing users to withdraw money in the cardholder’s home currency. The partnership will also see Fiserv provide routing transactions over the Accel debit payments network to FCTI clients and make Fiserv’s CardFree Cash available for all transactions for a cardless solution to withdraw cash at thousands of ATMs 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,” Robel Gugsa, co-CEO and CTO of FCTI, said in a statement. “Our partnership with Fiserv is a prime example of bringing this commitment to life.”
Fiserv will begin converting 7-Eleven ATMs to its platform in July 2017.
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