EFunds acquires Hanco ATM network

EFunds acquires Hanco ATM network

US payments outfit eFunds Corporation has purchased ATM network assets from Atlanta-based Hanco Systems Inc. Financial terms were not disclosed.

Hanco Systems manages an ATM network and provides sales and service for more than 2500 ATMs in 30 states, with a strong presence in the Midwest and Southeast.

Under the deal, eFunds will acquire all of Hanco's US-based owned or leased ATMs and merchant contracts. The company plans to consolidate the Hanco Systems ATM network into its Access Cash business over the coming months.

With this acquisition, eFunds will now operate, manage and drive more than 11,000 ATMs in all 50 states and Canada.

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