Money Station, Inc. v. Board of Governors of the Federal Reserve System, Banc One Corporation, Intervenors

In March 1995, the Board of Governors of the Federal Reserve System (“Board”) approved applications filed by several bank holding companies requesting that National City Corporation (“NCC”) be permitted to transfer the services associated with its automated teller machine (“ATM”) network, MoneyCenter, to Electronic Payment Services, Inc. (“EPS”), which owns and operates the “MAC” ATM network. In exchange for the MoneyCenter network and a payment of roughly $42,000,000, NCC was to acquire an equity interest in EPS. Money Station, Inc. (“MSI”), the owner and operator of a rival ATM network,…