Nat'l Surcharge Free Network Planned

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Genpass, Inc. has announced plans to form a national surcharge-free ATM network. The new network, to be called MoneyPass, is to be formed out of the two networks GenPass currently owns: the MoneyMaker network in Texas and MoneyBelt in Tennessee. Union Planters Corp., the Memphis, Tenn.-based bank with 4,000 ATMs, has agreed to participate, and Genpass CEO Bipin C. Shah said he is in negotiations with eight-other banks, as well.

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