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.
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