ORLANDO -- Private automated clearing house systems are now too expensive for widespread use in the Southeast, although competitive and pricing developments could make them affordable in the future, a bank-sponsored study has concluded.

The study was commissioned by the Southeast Switch Inc., of Maitland, Fla., operator of the Honor automated teller machine network, and the regional automated clearing house associations in Florida, North Carolina, and Virginia. It was conducted by Global Concepts, a consulting firm in Atlanta.

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