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 and 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.