Pulse is an interbank

electronic funds transfer Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems. The funds transfer process generally consists ...

(EFT) network in the United States. It serves more than 4,400 U.S. financial institutions and includes more than 380,000 ATMs, as well as POS terminals nationwide. Rivals of the network include

First Data First Data Corporation was a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and at online outlets f ...

STAR A star is a luminous spheroid of plasma (physics), plasma held together by Self-gravitation, self-gravity. The List of nearest stars and brown dwarfs, nearest star to Earth is the Sun. Many other stars are visible to the naked eye at night sk ...

and Fidelity National Information Services's

NYCE The New York Currency Exchange (NYCE) is an interbank network connecting the Automatic teller machine, ATMs of various financial institutions in the United States and Canada. NYCE also serves as an EFTPOS network for NYCE-linked ATM cards. NYCE ...

. It is owned by

Capital One Capital One Financial Corporation is an American bank holding company founded on July 21, 1994, and specializing in credit cards, auto loans, banking, and savings accounts, headquartered in Tysons, Virginia, with operations primarily in the ...

, issuer of the

Discover Card Discover is a credit card brand issued primarily in the United States. It was introduced by Sears in 1985 and currently issued by Capital One. Discover was the first credit card that did not charge an annual fee and offered a higher-than-norm ...

since 2025, and is included in Discover's agreement with China UnionPay; cards can be used on each other's network leading to better acceptance outside large cities than the larger networks.

History

The Pulse system was based on software that operated the Take Your Money Everywhere (TYME) network operating in the central United States. The network was established as the banking rules that limited banks' and branches' ability to share services were removed. The data processing facilities were originally provided by First City Bank and later transitioned to Texas Commerce Bank. In 1981, Pulse incorporated and began operating its regional EFT switching facility. In 1995, it launched Pulse Pay, a point-of-sale service where cardholders can use their ATM card at retailers. Pulse announced the acquisition of Gulfnet, a

Louisiana Louisiana ( ; ; ) is a state in the Deep South and South Central regions of the United States. It borders Texas to the west, Arkansas to the north, and Mississippi to the east. Of the 50 U.S. states, it ranks 31st in area and 25 ...

-based regional EFT network in 1997 and announced the acquisition of the Cincinnati-based MoneyStation network in 2000. Pulse merged with

Wisconsin Wisconsin ( ) is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest of the United States. It borders Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michig ...

-based Tyme Corporation in 2002, and was acquired by Discover Financial Services in 2005. Currently, Pulse is a California residential mortgage licensee (License Number MLS-18827).

References

External links

Official website
Financial services companies established in 1981 Banking terms Interbank networks Financial services companies of the United States Discover Financial {{bank-stub

History

See also

References

External links