RESTON, Va. -- Internet Inc., owner and operator of the Most electronic banking network, expects total network transactions to top 170 million in 1994.
The transaction volume for 1994 will be more than 21% ahead of 1993's record volume for the network.
Transaction volume at automated teller machines is predicted to be up 12.9% from last year.
With more than 33 million point of sale transactions anticipated, Most's POS volume is projected to top that of 1993 by 110%.
Through the first 11 months of the year, more than 83 financial institutions from 14 states and the District of Columbia joined Most. The 11-year-old network now boasts more than 500 members and 17 million cardholders, making it one of the top five regional networks in the country.