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MAGIC LINE JOINS MAESTRO NATIONAL DEBIT POINT-OF-SALE NETWORK

 MAGIC LINE JOINS MAESTRO NATIONAL DEBIT POINT-OF-SALE NETWORK
 DEARBORN, Mich., April 8 /PRNewswire/ -- Magic Line, Inc., Michigan's largest ATM and POS network, has joined MasterCard's MAESTRO point-of-sale network. The announcement was made today by James L. Outland, president and chief executive officer of Magic Line.
 Said Outland, "The MAESTRO program is especially significant because it represents an alliance between MasterCard and major regional ATM/POS networks to meet the increasing demand for point-of-sale services."
 "Magic Line participation in the MAESTRO POS network will enable our participants to join MAESTRO and offer their cardholders and merchants state-of-the-art POS services. Magic Line's own POS program has been operating successfully now for more than two years throughout Michigan."
 Point-of-sale is a convenient "pay now" alternative to cash and checks for Magic Line cardholders. Cardholders can purchase goods and services at participating merchants using their ATM card. All transactions are authorized on-line and require a personal identification number (PIN) for cardholder identification. POS debit volume in 1990 reached $13.2 billion and it is projected that by the year 2000, POS debit sales will grow to $168 billion.
 Magic Line, Inc., headquartered in Dearborn, has over 3.8 million cardholders with access to over 900 retail locations in Michigan.
 -0- 4/8/92
 /CONTACT: Alfred Ruggirello of Magic Line, Inc., 313-441-0510/ CO: Magic Line, Inc. ST: Michigan IN: FIN SU: PDT


DH -- DE001 -- 6061 04/08/92 08:18 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
Words:236
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