SYSTEMS MERGER CREATES BIG DEBIT CARD NETWORK

DEARBORN, Mich. -- Use of debit cards by supermarkets is getting a major boost in the Midwest with the merger of point-of-sale and automated teller networks owned by Magic Line here and Chicago-based Cash Station.The consolidation will form the largest electronic funds transfer network in the United States, with more than 11 million debit cards and 7,000 automated teller machines. About 15 million

DEARBORN, Mich. -- Use of debit cards by supermarkets is getting a major boost in the Midwest with the merger of point-of-sale and automated teller networks owned by Magic Line here and Chicago-based Cash Station.

The consolidation will form the largest electronic funds transfer network in the United States, with more than 11 million debit cards and 7,000 automated teller machines. About 15 million transactions will be processed each month.

The merger should boost supermarket

Register to view the full article

Already a member? .