HOUSTON -- The number of electronic banking transactions processed by PULSE(R) EFT Association hit an all-time high of more than 31 million in October, demonstrating that the public continues to take advantage
of alternate banking and payment options.
Transactions processed through the PULSE network in October totaled 31,068,270. This figure includes transactions at ATMs and point-of-sale (POS) terminals operated by merchants. POS transactions also hit a record high of 12,001,678, more than 38 percent of the total volume for the month.
"The continued strong growth in PULSE's transaction volume confirms that the public is increasingly embracing self-service banking and electronic payment services," said Stan Paur, president and chief executive officer of PULSE.
"As more and more merchants accept the ATM card as a form of payment for goods and services, PULSE expects the POS component of the EFT network will continue to experience above-average growth throughout the remainder of the decade," Paur added. He predicts that more than 130 million POS transactions will be processed by the network in 1998.
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