When Fiserv Inc. in December acquired EDS Corp.'s Consumer Network Services processing unit and its three electronic funds transfer networks, it provided the Brookfield, Wis.-based financial-services company with more leverage to compete for financial-institution transaction-processing and network-switching contracts. But rather than follow the path of Memphis, Tenn.-based processor Concord EFS Inc. and strive to quickly operate one of the nation's leading EFT networks, Fiserv's network plans are bit more conservative.
From a network perspective, the cornerstone of the $320 million EDS deal is Bellevue, Wash.-based Accel/Exchange, the nation's eighth-largest EFT …
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