Card Briefs: 60 Sovereign ATMs For Convenience Stores

Sovereign Bancorp said it will install 60 automated teller machines by the end of September at Cumberland Farms Inc. convenience stores in Delaware, New Jersey, and Pennsylvania.

The ATMs will eventually dispense postage stamps and loan applications as well as cash.

Sovereign will charge noncustomers $1 per transaction, and it will offer a one-time $1 rebate if they call a toll-free telephone number and provide information that can be used in marketing, such as their names, addresses, and telephone numbers.

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