Loblaw's offers President's Choice banking

Money Digest, March, 1998

Under the name President's Choice Financial, Loblaw's supermarkets will offer banking services to their customers.

Following a British model, supermarket banks could offer debit cards, credit cards, savings accounts, access to ATMs and telephone banking. Banking customers will be rewarded with points towards food products. All transactions will be processed and cleared by the Canadian Imperial Bank of Commerce. The first four instore kiosks will first be rolled out in Ottawa.

COPYRIGHT 1998 Money Digest
COPYRIGHT 2004 Gale Group
 

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