Banctec Inc., a leading supplier of check processing systems to banks, announced this week that it has acquired an electronic funds transfer software firm from Nynex Corp.

The acquired Nynex unit, Leroux, Pitts & Associates, develops and sells software to financial institutions, retailers, and other companies involved in the processing of payments of debit and credit cards.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.