August 31, 2009

INTERAC® And PULSE® Collaborate To Provide Cash Access In Canada For Diners Club, Discover And PULSE Cardholders

Toronto, ON, August 31, 2009 – INTERAC and PULSE today announced an agreement to provide Diners Club, Discover and PULSE cardholders the ability to withdraw money from ABMs of participating Acquirers in Canada.

“The agreement with PULSE builds on INTERAC’s commitment to expand international use of the payment network through relationships with other networks,” said Mark O’Connell, President & CEO, Acxsys Corporation, architects of the INTERAC network.

Similar to INTERAC’s Cross Border service, the PULSE and INTERAC connection eliminates network setup and ongoing costs for Canadian Acquirers.

“We are pleased to be collaborating with INTERAC to expand cash access for Diners Club, Discover and PULSE cards in Canada,” said Dave Schneider, PULSE President. “Increasing acceptance around the world is a key priority for Discover Financial Services and this agreement supports that goal.”

PULSE, one of the largest ATM/debit networks in the United States, is part of Discover Financial Services. The relationship with PULSE is expected to drive incremental transaction volume for Canadian Acquirers.

“This collaboration demonstrates our commitment to serving the needs of our clients by bringing them innovative services to support and grow their businesses,” said O’Connell. “The agreement will allow Canadian Acquirers to evolve their ABM service offerings by extending their services to additional cardholders travelling in Canada.”

Access to the service was initiated for Diners Club cards in July. ABM acceptance for Discover and PULSE cards on the INTERAC network is scheduled for October 2009.

About Acxsys Corporation
Acxsys Corporation, comprised of eight large financial institutions as shareholders, is headquartered in Toronto, Ontario. Acxsys specializes in the development and operation of new payment service opportunities as well as consulting and management services in the field of electronic payments. The Corporation’s shareholders are the architects of Canada’s national network for shared electronic financial services: INTERAC Direct Payment, Canada’s national debit card service and INTERAC Shared Cash Dispensing Service for cash withdrawals at Automated Banking Machines. For more information, please visit

PULSE is one of the leading ATM/debit networks in the U.S., currently serving more than 4,500 banks, credit unions and savings institutions across the United States. PULSE is owned by Discover Financial Services (NYSE: DFS). The network links cardholders with more than 289,000 ATMs, as well as POS terminals at retail locations throughout the U.S. The company is also a valued resource for industry research related to electronic payments and is committed to providing its participants with education on evolving products, services and trends in the payments industry. For more information, visit

For more information, please contact:
Tina Romano, Interac Association/Acxsys Corporation

Steve Sievert, PULSE
832-214-0111 or 800-420-2122