Post Office Awards Pact for National Credit Card System
The Postal Service awarded a $45.8-million-contract to NationsBank to set up a national system for post offices to process credit and debit cards.
The contract calls for installation of 50,000 terminals in 33,000 locations over the next three years, postal officials said Friday.
The terminals will go into use first in Seattle, San Diego and Denver this spring. When the system is complete the Postal Service will be the largest acceptor of credit and debit cards in the country, the agency said.
The cards will be accepted for all postal services except money orders and collect-on-delivery.
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