An automated teller machine pioneer's plans to build a new ATM and electronic funds transfer network are finally taking shape: Bipin Shah and his company, Genpass Inc., have bought two small networks and hired a team of veterans who hail from the same bank, the former CoreStates Financial Corp.

Mr. Shah, who took a hiatus from the ATM industry to attend to personal matters, came back in 1999 as president and chief executive officer of Genpass Inc., and his recent activities there have fueled speculation that he is trying to build a new national ATM superpower.

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