Partnerships / Acquisitions

MoneyPass And FCTI Offer Surcharge Free ATM Access At 7-Eleven

MoneyPass announced news on Wednesday (Aug. 2) that it and FCTI reached a multi-year agreement for the MoneyPass Network to provide surcharge-free ATM access at more than 8,000 7-Eleven locations in the United States.

In a press release, the companies said that starting this month, MoneyPass access will be rolled out across ATMs in approximately 8,000 7- Eleven convenience stores nationwide. The fee-free ATM roll-out is expected to continue through the first quarter of 2018. At its completion, MoneyPass will have an estimated 33,000 surcharge-free ATMs in the United States, it said in the press release.

“The addition of the 7-Eleven stores to the MoneyPass Network brings value to both organizations,” said Douglas Miraglia, president of the MoneyPass Network, in a prepared statement. “MoneyPass card issuers can promote the expansion of convenient surcharge-free ATM access to their cardholders. And 7-Eleven looks to increase foot traffic to their locations from the 87 million cards of the MoneyPass Network.”  

Meanwhile Jeffrey Wernecke, co-CEO of FCTI, said the partnership with MoneyPass aligns with the company’s focus of delivering fee-free ATM programs that provide incremental value and increase foot traffic. “We are pleased to begin offering MoneyPass surcharge-free ATM access on FCTI’s ATMs at 7-Eleven,” he said.  

Back in January, NEC Corporation of America (NEC), a leading provider and integrator of advanced IT, communications, networking, retail and biometric solutions, announced it will be the new exclusive point-of-sale (POS) provider to 8,600 7-Eleven stores throughout the United States and Canada.

“We wanted to reach tech-savvy customers with a POS system that would streamline operations and improve customer engagement,” said Raj Kapoor, CIO and senior vice president at 7-Eleven at the time. “Providing an engaging digital in-store experience is something we are investing in for the long term, and NEC has the best POS hardware and software to take us there.”

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