WILMINGTON, Del., Oct. 7 /PRNewswire/ -- The MAC(R) network continued to
strengthen its presence in the state of Michigan by signing 20 financial
institutions in the last three months, bringing the total number of MAC
members in Michigan to 81.
The MAC network has added a total of 50 financial institutions with a
total of 535 ATMs and approximately 500,000 cards year-to-date in Michigan.
The twenty institutions added in the third quarter have combined assets of
over $3 billion and will increase the MAC network's current penetration to
almost 2,000 ATMs and 2 million cards after these conversions are complete.
"We have had significant success expanding throughout Michigan, and we are
committed to further expansion while providing the highest quality performance
to our clients in this important market," said Philip Valvardi, president of
the MAC network. "We offer financial institutions significant advantages
because the MAC network is unique, combining one of the leading branded
networks along with superior processing services to provide a broad array of
products which are unmatched in our industry," said Valvardi.
Electronic Payment Services, Inc. (EPS), a privately held company
headquartered in Wilmington, Delaware, is a leading electronic funds transfer
(EFT) processor in the United States, with approximately 2.7 billion
transactions annually. EPS is the holding company for BUYPASS Corporation, a
major third-party POS processor and debit transaction acquirer with annual
transaction volume of almost 1.2 billion; and MONEY ACCESS SERVICE INC. (MAS),
an EFT processor and the nation's leading ATM terminal driver, with over
32,000 ATMs driven in all 50 states. MAS is operator of the MAC EFT network,
the largest EFT network in the United States based on almost 1.5 billion
switch transactions annually. MONEY ACCESS SERVICE INC. controls the license
rights for the registered trademark MAC.
SOURCE Electronic Payment Services
 back to top
Company News On-Call:
http://www.prnewswire.com/comp/576550.html or fax,
800-758-5804, ext. 576550
CONTACT:
Tricia L. Schafer of Electronic Payment
Services, 302-791-8906
|
