A British subsidiary of International Business Machines Corp. is planning to launch an automated teller machine processing service to financial institutions there in 1994.

The unit, IBM Information Solutions Ltd., is building a facility in Greencock, Scotland, to offer transaction-processing and network-monitoring services to banks seeking to out-source their ATM processing functions. The center should be operational early next year, IBM officials said. Most British institutions still do their own ATM processing.

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