Electronic Data Systems Corp. plans to launch a money transfer service this fall that executives hope will make its huge network of automated teller machines more profitable.

The service will allow ATM cardholders to send money anywhere in the country to anyone they designate - whether or not the intended recipient has an ATM card.

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.