Under the deal, MasterCard users are expected to gain access to 20,000 surcharge-free MoneyPass ATMs located in the US and Puerto Rico. In addition, MasterCard may refer debit card issuers to MoneyPass for surcharge-free ATM access, enabling them to carry out the financial and value-added services that membership in MoneyPass currently provides.
Moreover, this agreement is due to apply to both card issuers and ATM acquirers, including banks, credit unions, ISO ATM acquirers and ISO card issuers.
MoneyPass serves over 1250 financial institutions and credit union members, as well as nearly 40 million cardholders as participants.
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