Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Financial Planning > Behavioral Finance

Fiserv To Offer Surcharge-Free Payroll Card ATM Access

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, May 28, 2003, 11:21 a.m. EDT – Fiserv Inc., Brookfield, Wis., says workers will soon be able to use its payroll debit cards to collect their pay without worrying about automated-teller-machine surcharges.

Fiserv runs its payroll debit-card program with help from Financial Stored Value Payment Systems Ltd., Houston.

Banks that issue the cards usually let workers withdraw their pay at no cost, but, because of the lack of true national banks, multistate employers have had trouble making surcharge-free withdrawals available to all employees, Fiserv says.

Financial Stored Value has gotten around that problem by signing an agreement with ATM National Inc., Bethesda, Md., the operator of the new Allpoint surcharge-free ATM network. ATM National has installed Allpoint ATMs at 23,000 locations. Card issuers support the Allpoint ATMs by paying a flat monthly fee.

Workers who have Fiserv payroll debit cards will be able to use the Allpoint ATMs starting around mid-July, Fiserv says.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.