Growth in the automated teller machine business is tapering off, and ownership is becoming more concentrated among a few banks, according to an annual survey of electronic funds transfer executives by Speer & Associates Inc.

Citing its survey, the Atlanta-based consulting firm said there were 230,000 ATMs in North America at Dec. 31 and predicted that the total would reach 300,000 by 2002, an unimpressive gain. The growth projection for overall ATM transaction volume was also pitched low, at a 7% increase for 2000 over 1999.

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