View source for Accel (interbank network)

{{refimprove|date=March 2018}}
{{Infobox Interbank Network 
| name = Accel
| logo = Accel (interbank network) logo.svg
| owner      = [[Fiserv]]
| area = [[United States]]
| foundation = 1974 
| members = ±3,100 (U.S.)
| atm = ±412,000
}}

'''Accel''' (formerly known as the '''ACCEL/Exchange Network''') is a North American [[interbank network]] owned by [[Fiserv]]. It connects over 412,000 [[automatic teller machine]]s (ATMs) in all 50 states in the United States. The network also has a small number of ATMs in certain U.S. [[Air Force Base]]s around the world, and over 3.3 million [[electronic funds transfer]] at point-of-sale locations.

==History==
*1985: Accel was founded, by major banks in the Northwest of the United States, primarily as an [[electronic funds transfer]] network.
*1991: Accel began a business partnership with the Exchange network creating ACCEL/Exchange.
*In the 1990s most banks in the Pacific Northwest were part of this network including [[Seafirst Bank]]/[[Bank of America]], [[US Bank]], [[First Interstate Bancorp|First Interstate Bank]], Puget Sound Bank, [[Rainier Bank]]/[[Security Pacific]], [[Key Bank]] and West One Bank.  Since then, bank mergers caused some banks to leave the Accel/Exchange network.  Now only Key Bank is part of Accel/Exchange when it comes to major banks in the Northwest.
*2013: In April, the company streamlined the name from "ACCEL/Exchange" to simply "Accel," a result of a repositioning of the debit payment network, and a reflection of its current "ability to accelerate funds transfers across retail, biller and social person-to-person payments. <ref>[http://www.atmmarketplace.com/news/fiserv-accelexchange-now-just-accel/ Fiserv ACCEL/Exchange now just Accel<!-- Bot generated title -->]</ref>

==The Exchange Network==
{{Infobox Interbank Network 
| name = THE EXCHANGE Network
| logo = The Exchange Network logo.png
| owner      = FICANEX
| area = [[Canada]]
| foundation = 2000
| members = 140
| atm = 3,300
}}
Accel's Canadian counterpart, known as '''THE EXCHANGE Network''' (and stylized as '''THE EXCHANGE'''), is operated by FICANEX, a [[limited partnership]] of several Canadian banks and credit unions which licenses "THE EXCHANGE" branding and intellectual property from Fiserv.<ref>{{cite web |title=Fiserv's ACCEL/Exchange Helps Canadian Financial Institutions Fight PIN Debit and ATM Fraud |url=https://www.businesswire.com/news/home/20061002005151/en/Fiservs-ACCELExchange-Helps-Canadian-Financial-Institutions-Fight |website=Business Wire |accessdate=13 April 2020 |language=en |date=2 October 2006}}</ref> THE EXCHANGE Network includes nearly 3,300 ATMs serving customers of roughly 140 financial institutions—primarily credit unions and online banks but also including smaller bank such as the [[National Bank of Canada]].<ref>{{Cite web |url=http://www.theexchangenetwork.ca/default.aspx?PageID=1047&LangID=en |title=About FICANEX Services &#124; the Exchange |access-date=2017-03-11 |archive-url=https://web.archive.org/web/20170312071710/http://www.theexchangenetwork.ca/default.aspx?PageID=1047&LangID=en |archive-date=2017-03-12 |url-status=dead }}</ref> THE EXCHANGE Network is not used for debit payment processing in Canada, as most Canadian debit cards use the [[Interac]] network for [[EFTPOS]] debit transaction, but most EXCHANGE debit cards can be used for debit purchases through the Accel network in the United States.

==References==
{{reflist}}

==External links==
*[https://www.accelnetwork.com Accel (United States)]
*[https://www.theexchangenetwork.ca The Exchange Network (Canada)]

{{Interbank networks}}

{{DEFAULTSORT:Accel Exchange}}
[[Category:Interbank networks]]
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