LOS ANGELES -- As part of its pending merger, BankAmerica Corp. announced plans to scrap a number of key Security Pacific Corp. retail and wholesale banking systems in favor of its own technology.

Bank of America's proprietary automated teller machine network, Versatel, and its recently installed Customer On-Line Information Network (Coin), which automates the bank's California retail branches, have been selected for use by the merged institution, according to an employee newsletter.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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