EFT Illinois, a regional electronic banking network, has agreed to turn its central switching functions over to Tyme, a neighboring network in the Midwest.

Electronic Data Systems Corp. had previously handled switching for EFTI. By Aug. 31, EFTI will be piggybacking on Tyme, which has its switch processing handled by M&I Data Services Inc.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.