The MAC Network Continues Expansion Into The Midwest With Midwest America FCU

Search Blogs that Mention this News Release
Click this link to view linked Bookmarking Services
Click this link to view linked Blogging Services
The MAC Network Continues Expansion Into The Midwest With Midwest America FCU
    WILMINGTON, Del., Sept. 11 /PRNewswire/ -- The MAC(R) electronic funds
transfer (EFT) network's presence in Indiana expanded with the recent addition
of MidWest America Federal Credit Union.  This new member adds 19 ATMs and
21,681 ATM cardholders to the MAC network.  The MAC network is operated by
MONEY ACCESS SERVICE INC., a subsidiary of Electronic Payment Services, Inc.
(EPS), Wilmington, Del.
    MidWest America FCU, headquartered in Fort Wayne, Indiana, signed an
agreement to participate in the network in November when the conversion is
expected to be complete.  MidWest America FCU has assets of $143 million and
averages 98,000 transactions per month.
    Electronic Payment Services, Inc. (EPS), a privately held company
headquartered in Wilmington, Del., is the leading electronic funds transfer
(EFT) processor in the United States, with almost 2 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 800 million; and MONEY ACCESS SERVICE INC., an EFT processor
driving over 12,700 ATMs nationwide.  MONEY ACCESS SERVICE is also operator of
the MAC(R) EFT network, the largest EFT network in the United States based on
1.2 billion switch transactions annually, with 22,000 ATMs in 40 states.
2,000 financial institutions are members of the MAC network, with 36 million
customers carrying cards bearing the MAC logo.  MONEY ACCESS SERVICE INC.
controls the license rights for the registered trademark MAC.
    MidWest America Federal Credit Union is headquartered in Fort Wayne,
Indiana.  It was federally chartered in 1936 by the NCUA as the General
Electric Employees Federal Credit Union.  The name was changed in 1987 to
reflect their expanded field of membership.  They operate five branches in
Indiana which are located in Fort Wayne, Decatur, and Huntington.  With assets
approaching $145 million, they are the fifteenth largest credit union in the
State of Indiana.  They currently provide credit union services for over 250
companies and have over 46,000 members and 120 employees.
SOURCE Electronic Payment Services, Inc.