Citizen Bank launches touch-and-go banking

Citizen Bank has introduced touch-and-go banking, meaning its customers can hold debit cards next to an electric reader instead of swiping cards.

The touch cards, which will be available to all its customers, look like traditional debit cards and can still be swiped.

Citizen will be the first New England-based bank to introduce touch cards to all its customers, while Bank of America Corp, Sovereign Bank and TD Banknorth are also considering the technology.

Banks such as HSBC, KeyBank, JP Morgan Chase, and Citigroup, offer the technology to a select group of customers.

Credit card companies are hoping the more efficient payment method will encourage customers to use debit cards for smaller purchases.

Citizens Bank operates branches in Connecticut, Delaware, Illinois, Indiana, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, with non-branch offices in more than 30 states.

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