The merger of three major electronic banking networks into Honor Technologies Inc. took effect Jan. 1.
The three systems in the Southeast and Middle Atlantic regions - Honor, Most, and Alert - are operating under the Honor brand name, slightly modified to use the green color from Most's logo.
Covering 16 states, the network comprises 22,000 automated teller machines, 330,000 point of sale terminals at 40,000 participating merchants, and 1,840 financial institutions with 40 million cardholders. Estimated monthly transaction volumes: 40 million at ATMs and 16 million at point of sale terminals.
As previously announced, Thomas O. Bennion, the former head of Southeast Switch Inc. (Honor), is president and chief executive officer of Honor Technologies; David A. O'Connor, former president of Internet Inc. (Most), is vice chairman; and Ronald A. Freiwald, former president of Alabama Network Inc. (Alert), is senior vice president.
Other senior management members include executive vice presidents Bernard Baum, information services division; Curtis Fish, Honor division; and Paul Schmelzer, Honor services, and senior vice presidents Mary Kilby, strategic planning and marketing; Chuck Lefevre, administration; and Stan Recob, treasurer.