Accel (interbank network)

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

Accel
Operating areaUnited States
Members±3,100 (U.S.)
ATMs±412,000
Founded1974
OwnerFiserv

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 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. [1]

The Exchange Network
The Exchange Network
Operating areaCanada
Members170
ATMs3,300
Founded2000
OwnerFICANEX

Accel's Canadian counterpart The Exchange Network (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.[2] The Exchange Network includes over 3,300 ATMs serving customers of 170 financial institutions—primarily credit unions and online banks but also including smaller banks such as the National Bank of Canada and Canadian Western Bank.[3] The Exchange Network is not used for debit payment processing in Canada, as all 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.

gollark: This probably does imply regular determinism.
gollark: Another is superdeterminism, which is sort of kind of where the particles "know" what properties of them will be measured in advance.
gollark: One resolution is nonlocal hidden variables, i.e. the particles have some faster-than-light-speed backchannel to communicate things.
gollark: Bell's theorem rules out "local hidden-variables" interpretations of quantum physics, meaning that quantum mechanics cannot, assuming some assumptions, be doing this by storing some extra secret metadata with particles.
gollark: As you will know in time, quantum QM mechanics has "Bell's theorem". This describes some correlations between measurements of entangled particles which QM predicts correctly (based on empirical tests) and classical physics doesn't.

References
  1. Fiserv ACCEL/Exchange now just Accel
  2. "Fiserv's ACCEL/Exchange Helps Canadian Financial Institutions Fight PIN Debit and ATM Fraud". Business Wire. 2 October 2006. Retrieved 13 April 2020.
  3. "Archived copy". Archived from the original on 2017-03-12. Retrieved 2017-03-11.CS1 maint: archived copy as title (link)
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