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Aug 30, 2006
LINK Interchange Network Ltd, the
operator of the UK’s ATM network, and PULSE EFT Association LP, a leading
ATM/debit network in the US, have jointly announced the signing of a reciprocal
agreement that will allow the 4,200 financial institution participants in the
PULSE ATM/debit network to offer their cardholders access to all but a handful
of the more than 58,000 cash machines across the UK.
The deal also allows LINK to offer its 38
participating financial institution members access to an additional 250,000
PULSE cash machines in the US.
PULSE and LINK are working to enable the first live transactions in early 2007.
John Hardy, Chief Executive, LINK, said,
“This agreement represents a further step in LINK’s strategic international
development plans. As the world’s busiest cash machine network, LINK has a
proven track record in secure and reliable transaction processing on a large
scale. PULSE participants will be able to offer their cardholders the
convenience of access to cash through virtually every cash machine across the United Kingdom.”
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