IBM signs $71 m deal with UK post office

By : |March 30, 2002 0

NEW YORK: International Business Machines Corp. on Thursday said it signed a
$71 million agreement to provide the UK post office with technology and services
that will enable customers to bank at its postal branches.

IBM said customers will be able to access bank accounts and withdraw benefits
and new tax credits such as pensions and child tax credits at the Post Office
Ltd. IBM will design and manage the system.

The post office has 17,500 branches in the United Kingdom.

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