IRVING, Texas -- More than 8,000 ATMs in U.S. 7-Eleven stores will offer surcharge-free access to customers. The upgrades are courtesy of a multiyear deal between MoneyPass and FCTI Inc., owned by Seven & I Holdings Co., 7-Eleven Inc.'s parent company.
Beginning in August 2017, MoneyPass access will be rolled out across ATMs in 7-Eleven stores, the companies announced. The ATM rollout is expected to continue through early 2018. At the completion of the rollout, Minneapolis-based MoneyPass will have an estimated 33,000 surcharge-free ATMs in the United States.
“The addition of the 7-Eleven stores to the MoneyPass Network brings value to both organizations,” said Douglas Miraglia, president of the MoneyPass Network. “MoneyPass card issuers can promote the expansion of convenient surcharge-free ATM access to their cardholders. And 7-Eleven looks to increase foot traffic to their location from the 87 million cards of the MoneyPass Network.”
“Partnering with MoneyPass aligns with our focus of delivering ATM programs that provide incremental value and increase foot traffic to our customers' locations,” said Jeffrey Wernecke, co-CEO of FCTI. “We are pleased to begin offering MoneyPass surcharge-free ATM access on FCTI’s ATMs at 7-Eleven.”
Minneapolis-based MoneyPass is a network of Elan Financial Services, a provider of comprehensive ATM and debit-card processing solutions for financial institutions, independent sales organizations and retailers. MoneyPass provides surcharge-free access at 25,000 ATMs across the United States. With more than 1,700 participating organizations and 87 million active cards, the MoneyPass Network places an emphasis on cost-efficient membership options, flexible terms and accessible locations.
Los Angeles-based FCTI is a leading nationwide ATM network and service provider founded in 1993. With a focus on customer service, FCTI aims to help companies drive additional revenue without upfront investment in hardware, ensuring a full-service approach that reduces the cost and hassle associated with maintenance, cash management and ATM compliance. Seven & I Holdings Co. is the parent organization of FCTI. 7-Eleven Inc. is based in Irving, Texas.