A nationwide, on-line postal banking system will be set up in the People's Republic of China using a high4ech network access system made by Integrated Network Corp., Bridgewater, N.J.

The project, named "Green Card," will let customers of China's Ministry of Post and Telecommunications do on-line banking transactions, such as funds transfers, at local post offices. The post offices will also be clearing houses for credit and debit transactions originating from point of sale terminals.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.