Northern Trust has signed an agreement with MoneyPass to become a member of the surcharge-free ATM network. This agreement, which is effective immediately, will provide Northern Trust cardholders with surcharge-free access to more than 12,000 additional ATMs nationwide. As a result of this agreement, MoneyPass cardholders will now have surcharge-free access to over 100 Northern Trust ATMs throughout the nation.
“Financial institutions continue to see the opportunity to increase cardholder loyalty and attract new customers by responding to the consumer demand for surcharge-free ATM access,” said Doug Miraglia, president of MoneyPass. “Northern Trust has made a valuable decision, for both their business and their cardholders, to offer convenient and widespread ATM access by participating in a truly nationwide, cost-efficient and secure ATM network. MoneyPass continues to grow as more financial institutions like Northern Trust listen to their cardholders and respond to the emerging trend of rising ATM surcharges.”
Donald Berk, Northern Trust senior vice president of Enterprise Banking Product and Process Management, commented on the agreement, “Offering surcharge-free transactions at MoneyPass ATMs allows us to provide our clients with a highly desirable service feature, which we continue to strengthen nationwide. We recognize our clients’ appreciation for banking convenience and expect the new ATMs to enhance our private banking capabilities.”
About Northern Trust Corporation
Northern Trust Corporation is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago, has a growing network of 85 offices in 18 U.S. states and has international offices in 13 locations in North America, Europe and the Asia-Pacific region. As of September 30, 2007, Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$761.4 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology. For more information, please visit www.northerntrust.com.
MoneyPass is a network of Elan Financial Services, one of the nation’s leading providers of comprehensive ATM and debit card processing solutions for financial institutions, Independent Sales Organizations and retailers. Elan Financial Services processes transactions for more than 2000 financial institutions nationwide and manages over 38,000 ATMs for a variety of industries. MoneyPass provides more than 12,000 surcharge-free ATMs across the United States, allowing cardholders of participating financial institutions to access their money where they live, work and travel. With over 850 participating financial institutions, 21 participating Independent Service Organizations (ISOs) and over 25 million active cards, MoneyPass is a rapidly growing surcharge-free network whose emphasis is on cost-efficient membership options, flexible terms and accessible locations. For more information, call 1-800-343-7064 or visit www.moneypass.com.