PULSE, the ATM network owned by Discover Financial Services, has launched a surcharge free ATM network in a deal with the MoneyPass Network.
PULSE claimed 4,500 participating financial institutions, banks thrifts and credit unions. MoneyPass is owned by Elan Financial Services, a subsidiary of US Bank.
According to an announcement of the deal, the combined PULSE/MoneyPass surcharge free network will include 16,000 ATMs that will be surcharge free to cardholders but will likely carry a fee for the participating institutions. PULSE is holding its annual conference this week and has not yet commented on what the pricing structure for the new network will be.
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