Card Briefs: Pulse Network Buys Into Bad-Check-Warning Firm

Pulse Chek Services Corp., a subsidiary of the Pulse EFT Association, which operates automated teller machines in Texas and Southern states, has purchased shares in Primary Payment Systems Inc.

Primary Payment, formed in 1995 by Star System Inc., San Diego, provides early warnings of impending check returns to financial institutions and check acceptance companies that serve retailers, reducing fraud losses.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER