Financial institutions offering home banking services through the Prodigy on-line network expect to benefit from the company's recent sale.

International Business Machines Corp. and Sears, Roebuck and Co. sold the network to the Grupo Carso investor group last week for about $250 million is cash and stock. The group owns a stake in Mexico's main telephone company.

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.