Pulse EFT Association said it set a record for transactions over its shared network in May.

Automated teller machine and point of sale transactions totaled 21.3 million, with POS volume rising especially fast. It accounted for 32% of transactions in the record-setting month, and Pulse president Stan Paur said he expects the network to process 70 million POS transactions in 1997.

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.