Kyodo: Postal savings bank to seek to join all-bank fund transfer system
A postal savings bank to be launched via postal services privatization starting in October 2007 will seek to join an all-bank interbank online fund transfer system sometime in 2008, Japan Post officials said Sunday. Its participation in the Data Telecommunications System of All Banks would enable remittances between the postal savings bank and other banks through automatic teller machines...Japan Post has concluded deals with more than 1,700 financial institutions to enable crediting to and withdrawing money from customers' accounts via ATMs using cards either at Japan Post or other banks. But customers basically cannot remit money from Japan Post's accounts to accounts at other banks...more...
