Wednesday, February 22, 2006

Rhode Island Bank Unveils Touch-and-Go Bank Cards

An AP newswire article, via ABC News, reports that:

A regional bank is offering touch-and-go banking in which customers can hold debit cards next to an electric reader instead of swiping the cards.

Providence-based Citizens Bank will be the first major bank in New England to issue the touch cards to all of its customers. Three other regional financial institutions Bank of America Corp., Sovereign Bancorp Inc., and TD Banknorth Inc. are considering the technology.

Some national banks, including HSBC, KeyBank, JP Morgan Chase, and Citigroup, offer the technology to some customers.

More here.

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