EDS Digitizes Debit, ATM Network Balancing; Cites Big Time Savings.

EDS has unveiled a new product it says has "digitized" the process of balancing debit card and ATM network transactions, significantly reducing the time needed to perform the task.

The product, known as EFT automated network balancing, allows EDS to host point-of-sale (POS) and ATM transaction information on its server. The transactions then are posted to members' accounts, and general ledger entries are recorded at the members' respective credit union.

Kendall Workman, director of EFT services in the credit union industry group at EDS, said the automati