Technology that allows credit unions to share branch offices is garnering interest from some commercial banks, according to representatives of Electronic Data Systems Corp.

Plano, Tex.-based EDS, one of several companies that run electronic switches allowing a single branch to serve multiple institutions, said the technology would allow branches of a commercial bank to serve both its original customers and those from an acquired institution within a few weeks of the finalization of a merger.

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.