Electronic Payment Services Inc., owner of the MAC network, reported 466 million switched transactions for the second quarter of 1996, a 19% increase over the same period in 1995.
The company said 42 customers joined the MAC network during the second quarter.
Buypass, the merchant processor owned by EPS, reported 187 million total transactions processed in the second quarter, a 22% increase over last year's second quarter.
The growth was driven by 28 million point of sale debit transactions, up 46% over the second quarter of 1995. The company also conducted 3.9 million electronic benefits transfer transactions.