FEDERATED PLANS ADVANCED ATMS
NEW YORK — Just in time for holiday shopping, Federated Department Stores plans to install 55 Automated Teller/Electronic Concierge Machines, in a rollout that will include every Federated division, by Nov. 1.
Federated plans to roll out the machines to all Federated stores nationwide by early 1998. In addition to cash, customers will be able to access store gift certificates and prepaid phone cards through the ATM/ECMs. The retailer said it has entered into an agreement with AmeriCash LLC to install the ATM/ECMs.
A Federated spokeswoman said she did not know how many stores the initial 55-machine installation would involve.