Honor Technologies Inc. said it has completed acquisitions of four automated teller machine networks and placed them under a separate subsidiary, Honor Technologies West.
Honor West will serve the Missouri-based BankMate network, which Honor acquired from MasterCard International, as well as Via of Kansas, Express of Arkansas, and BankMate New Mexico. The latter three were owned by NationsBank Corp. as a result of its purchase of Boatmen's Bancshares of St. Louis.
Honor Technologies president Thomas O. Bennion told his annual membership meeting last month of the likely subsidiary structure, which is unusual for regional electronic funds transfer networks. The official announcement was made with the acquisition closings Nov. 4.