EUFISERV Expands European and Global Coverage with PULSE Global ATM Network
PULSE and EUFISERV Payments Announce Strategic Alliance
HOUSTON & BRUSSELS -- December 13, 2012
EUFISERV Payments and PULSE, the debit and ATM network subsidiary of Discover
Financial Services (NYSE: DFS), announced today they have entered into a
strategic ATM participation agreement allowing more than 68 million cards,
issued by 600 EUFISERV member banks, to participate in the PULSE Global ATM
“EUFISERV Payments is proud to announce this major milestone for the European
card market. As the only scheme providing ATM and POS Pan European access
today, the partnership with PULSE opens new opportunities for our member banks
inside and outside of Europe,” said Wolfgang Adamiok, Board Chairman of
EUFISERV Payments and Head of Payments & Card Strategies at the German Savings
Under the terms of the strategic alliance, ATM transactions conducted by
EUFISERV member cardholders will be enabled at more than 850,000 ATMs in the
PULSE Global ATM Network. In addition to expanding acceptance for EUFISERV
members in key destination markets, the agreement also will increase PULSE’s
global ATM volume.
“PULSE is pleased to assist EUFISERV with their goal of creating a more robust
Pan European Payments network,” said Dave Schneider, President of PULSE. “We
have built an extensive global ATM network and look forward to working with
EUFISERV participants to enable their cards in the European region and other
key target markets.”
The arrangement will be implemented in two phases. PULSE and EUFISERV will
focus first on European markets, followed by acceptance opportunities in other
PULSE ATM markets where EUFISERV cardholders frequently travel. The companies
also plan to look at future opportunities for EUFISERV participants’ card
members, both in Europe and around the world.
Gerd Förster, General Manager of EUFISERV Payments, explained that the
partnership is in line with EUFISERV’s goals and they hope to partner with
additional banks and financial institutions in the future. “The new agreement
with PULSE provides our issuing members with new options for ATM access.
EUFISERV Scheme – as a SEPA-compliant scheme – is open to banks and other
financial institutions. We continue to look for new opportunities to expand
our scheme. Our partnership with PULSE is an example of that,” said Förster.
"This alliance is a significant part of Discover’s 'Network to Network'
strategy to create an alternative global payments network and give both
financial institutions and consumers more choice,” said Joe Hurley, Vice
President of Global Business Development at Discover. "By partnering with
regional payments networks such as EUFISERV, Discover is able to leverage its
unique set of assets to grow volume, while providing our partners with the
global reach and localized preferences and needs they require. It's a win-win
About EUFISERV Payments
EUFISERV Payments scrl is a Brussels-based cooperative company with limited
liability owned by retail banks from ten European countries and by the
European Savings Banks Group. The EUFISERV ATM Scheme is operational in eight
European countries and provides access to cash to over 68 million cardholders.
EUFISERV branded cards are issued by over 600 participating European banks and
are accepted at over 75,000 branded EUFISERV ATMs across Europe. It is the
only European scheme in operation today.
Since it began in 1990, the scheme has been owned and managed by European
banks. In 2008 the scheme was fully separated from its former processing
business (now trading as Trionis), in line with the SEPA requirements of the
European Central Bank and the European Commission. The shareholders of
EUFISERV Payments are major European banks and bank owned organizations. For
more information, visit www.eufiserv.com.
PULSE, a Discover Financial Services (NYSE: DFS) company, is a leading
debit/ATM network, serving more than 6,300 financial institutions across the
United States. This includes 4,300 issuers with which PULSE has direct
relationships and more than 2,000 additional issuers through agreements PULSE
has with other debit networks. PULSE links cardholders with ATMs and POS
terminals at retail locations nationwide. Through its global ATM network,
PULSE provides worldwide cash access for Diners Club and Discover cardholders
through more than 850,000 ATM locations. The company also is a source of
electronic payments research and is committed to providing its participants
with education on emerging products, services and trends in the payments
industry. For more information, visit www.pulsenetwork.com.
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