CARD BRIEFS: Magic Line's Volume Increased 19% in '95

Magic Line Inc. processed 102.2 million transactions in 1995, up 19% from 1994.

Point of sale debit transactions showed the most growth among the regional electronic banking network's offerings, rising 76% to nine million.

Merchant locations participating in the Magic Line-branded point of sale service increased to 19,500 - from just 1,160 in 1994.

Magic Line also posted a 13% growth in its membership, to 735 institutions throughout the Midwest.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER