Bell Labs also churns out products like PathStar, which turns voice signals into packets for Internet or ATM networks.

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It is all part of the aptly named Golden Card Project, which mainly involves implementing ATM and debit card networks at 12 pilot sites throughout the country.

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The lawsuit was filed in federal court in Washington and alleges that Visa and MasterCard violate antitrust laws by placing restrictions on the prices these independent ATM operators can charge customers using other networks such as STAR or TransFund.

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Floyd founded Efficient in 1993 with the idea of using asynchronous transfer mode (ATM), an industrial-strength packet technology, to route data around local area networks.

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