Commercial banks

Winn-Dixie Tests In-Store Banking and Y2K Compliance

Strategic Insights

Jun 12, 1999 — 1 min read

Winn-Dixie stores, with over 1,180 locations, are set to integrate Canadian Imperial Bank of Commerce's in-store mini-branches and automated teller machine kiosks as part of a pilot program. This initiative marks a significant step towards expanding banking services within the stores. The pilot is expected to begin in the fall in Orlando, with a potential expansion to other locations, including Jacksonville.

Key Takeaways:

Winn-Dixie has partnered with Canadian Imperial Bank of Commerce for a pilot program to test in-store mini-branches and automated teller machine kiosks, with a potential expansion to Jacksonville.
The program aims to bring banking services to every Winn-Dixie store, currently hosting 250 in-store bank branches.
NationsBank operates 79 branches in Winn-Dixie stores and 52 in Publix stores in Florida, inherited from Barnett Banks Inc.
First Cash Financial Services Inc.'s website, www.firstcash.com, offers over 250,000 items for sale from its 110 pawnshops, with the site updated daily.
MasterCard reports that approximately 98% of its cardholders have tested successfully online in a year 2000 environment, with 500 million cards in circulation.
NationsBank has made a $1 million loan to the Florida Community Loan Fund at 2% interest, helping community development groups.

Statistics:

Over 1,180 Winn-Dixie stores across the United States.
250 in-store bank branches in Winn-Dixie stores.
79 branches in Winn-Dixie stores operated by NationsBank.
52 branches in Publix stores in Florida operated by NationsBank.
110 pawnshops operated by First Cash Financial Services Inc.
Over 250,000 items for sale on www.firstcash.com.
500 million MasterCard cards in circulation.
98% of MasterCard cardholders have tested successfully online in a year 2000 environment.

Sources:

First Cash Financial Services Inc.'s website, www.firstcash.com.
MasterCard's announcement by President Jerry McElhatton.
NationsBank's $1 million loan to the Florida Community Loan Fund.
Winn-Dixie's pilot program with Canadian Imperial Bank of Commerce.

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