BANKING & FINANCE - April 22, 1994
From Times Staff and Wire Reports
ATM Operator Bows to Government: Electronic Payment Services Inc., the operator of a major automated-teller machine banking network, agreed to stop anti-competitive practices, which the Justice Department said cost customers in six Eastern states $100 million last year. The government had said the practices by the operator of the Money Access Service network raised costs to some banks and made it harder for competing ATM networks to enter the market. Electronic Payment said it will stop requiring some banks to use its data-processing services.
