THE EXCHANGE® Network Grows by over 30%, Becoming the Second Largest Financial Institution ATM Network in Canada.
Jul 07, 2015, 08:30 ET
OAKVILLE, ON, July 7, 2015 /CNW/ - FICANEX Services is pleased to announce the addition of 830 surcharge-free ATMs to THE EXCHANGE® Network thanks to our participant, Manulife Bank. The Manulife Bank branded ATMs will be located in select Mac's, Couche-Tard and Circle K locations across Canada. These cash dispensing ATMs will give Exchange cardholders expanded surcharge-free access to cash at these major brand locations.
"We could not be more thrilled about the recent announcement by Manulife Bank about their agreement to add over 800 surcharge-free ATMs to THE EXCHANGE® Network across Canada. This is a clear demonstration of Manulife Bank's commitment to the long term value of THE EXCHANGE® Network as a member and limited partner of Ficanex Services LP." stated Chris Goodman, Chairman of the Board, Ficanex Services LP.
Of particular note is the fact that many of these new ATMs are located in areas that are not currently well served by other members of the network. This will bring the total number of unique postal code areas served by Exchange network ATMs from 1,820 to 2,607, a 43% increase in the number of communities served by the network and dramatically improving surcharge-free access for the 4.5 million cardholders of the network participants in the local communities that they live and work in.
The ATM rollout will begin in July with deployment completed in September. As Manulife Bank adds ATMs to the network, our ATM database will be updated immediately so cardholders that use our ATM Locator Applications or our website will benefit immediately from these new locations.
"We are very excited with Manulife Bank's ATM additions that further demonstrate the value that THE EXCHANGE® Network brings to its members and their cardholders. With over 3,300 surcharge-free access points in Canada, THE EXCHANGE® Network is now the second largest Financial Institution ATM network in the country. Coupled with access to over 500,000 ATMs and over 3 Million Point of Sale terminals on the Accel® debit payments network in the United States, cardholders of member financial institutions have incredibly convenient access to their cash that is unmatched in the market" stated Andrew Obee, President and CEO, Ficanex Services LP.
About FICANEX Services
FICANEX® is a limited partnership formed under the laws of the Province of British Columbia. FICANEX® manages The Canadian EXCHANGE® Network by licensing entitlement to use the intellectual property associated with the Network. FICANEX® was formed in 2000 to both secure a brand for existing users and increase the scope through new users of THE EXCHANGE® Network in Canada. More information is available at www.TheExchangeNetwork.ca.
SOURCE Ficanex Services Limited Partnership
For further information: Andrew Obee, President & CEO, FICANEX Services Limited Partnership, (289) 242-1472, [email protected]
Share this article