Networking dollars and sense: ATMs uniting nationwide: consolidation could boost traffic, lower per-transaction costs Mulqueen, John T

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Mulqueen, John T
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Data Communications
Automated teller machines; Banking industry -- Services; Business
ATM networks are in a process of consolidation. Several networks are operational in the US. MasterCard International has recently purchased the largest network of shared ATMs in this country. National Bank of Detroit has a star-typology network. Visa International purchased access to Plus (ATM network) for $5 million in 1986. Regional networks, Star, Pulse and Honor; are low-cost gateways to national networks. The Star System connected 3,058 ATM terminals in 1985. Star is owned by six institutions and has 6.4 million card holders. There are up to 9.4 million transactions each month on Star ATMs. ATM installations are expected to increase from 70,000 in 1987 to 125,000 by 1995.
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