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Article: Honor Makes Network Deals in Push Westward.
- Article from:
- American Banker
- Article date:
- October 16, 1997
- Author:
CopyrightCOPYRIGHT 1997 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Honor Technologies Inc., the Florida-based automated teller machine network, announced last week it would widen its territory through acquisitions from NationsBank Corp.
Honor is buying three relatively small electronic funds transfer networks that operate in midwestern and western states where Honor has little or no coverage.
The networks are Express of Little Rock, Ark.; Via of Wichita, Kan.; and BankMate New Mexico, Albuquerque. Honor and NationsBank did not disclose financial terms and said the deal would close by yearend.
Taken together, the three networks would add two million transactions in monthly switch volume for Honor, which processes 54 ...