Accel Increases PINless Transaction Approval Limits to Provide Consumers Additional Touch-Free Purchasing Opportunities
Fiserv, Inc. (FISV)
Last fiserv, inc. earnings: 2/4 04:01 pm
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Source: Business Wire
Fiserv debit network increases limits from $50 to $100 to address COVID-19 concerns BROOKFIELD, Wis.--(BUSINESS WIRE)--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced that it will temporarily increase PINless transaction approval limits from $50 to $100 for eligible transactions on its Accel® debit payments network. This change, implemented in response to COVID-19, will increase the number of transactions that can be completed without the need to enter a PIN on a physical device at checkout. The change takes effect on May 1, 2020.Accel, along with the STAR® debit payments network from Fiserv, is the first debit payments network in the U.S. to announce increased limits for PINless transactions. In an environment of social distancing, low and no-touch payment alternatives and speed at checkout are critical to consumers and merchants, helping address concerns about interactions at the physical point of sal
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