NationsBank Corp. said it will issue a student identification card that has automated teller machine functions to students at the University of Texas at Austin.

The university cards, which will be equipped with a magnetic stripe, can be used for dormitory access, recreational sports facility access, library circulation functions, and a host of other campus services. The card may also be activated for use as an ATM card that can be used free of charge at nine new university campus ATMs or any NationsBank ATM nationwide.

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