MEMPHIS, Tenn. - Concord EFS, Inc., an electronic commerce processor that owns the MAC network, has announced that it will acquire Cash Station, Inc., the nation's 7th largest electronic funds transfer network. The Cash Station network has approximately 645 financial institution members mainly in Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, and Wisconsin. Approximately 7,000 ATMs and 6 million debit cards carry the Cash Station brand. The company also switches more than 15 million transactions per month, and drives over 1,600 ATMs. "We expect that consolidation among EFT networks will continue, driven by the fact that financial institutions are merging and demanding broad geographic coverage under a single brand," said Ed Labry, president of Concord.
Concord acquires Cash Station
Comments
- CAMEL Disclosure: Matz Says N.C. Regulator ‘Violated the Trust’
- CAMEL Disclosure: Former Examiner Says Ratings Release 'Stupid'
- CAMEL Disclosure: Cheney Urges NCUA, N.C. Resolution
- CAMEL Disclosure: N.C. League Says Dual Exams 'Harsh, Unnecessary'
- CAMEL Disclosure: N.C. NCUA Exams Called 'Tempest in a Teapot', 'Blitzkrieg'
Resource Center
View All »The Seven Sins of Spreadsheets
This white paper will identify the Top 7 issues which businesses using spreadsheets to manage their fixed asset data are failing to address.
How Enterprise Software Helps Financial Services Firms Improve Efficiency and Reduce Costs
This white paper describes how enterprise software solutions, when built on a flexible and adaptable technology platform, can help financial services firms streamline workflows, consolidate...
Getting Ready for IFRS
This white paper describes how your company can make the transition to IFRS in a timely and cost efficient manner as well as what your...
