Bank Sales Or Distribution Of Pre-Paid Telephone Cards And Postage Stamps
It is the position of the Division of Banks that a state-chartered bank may act as an agent for the sale of prepaid telephone cards through its ATMs under Mass. Gen. Laws chapters 167B, § 3 and 167F, § 2(25). In addition, the Division has also determined that a state-chartered bank may act as an agent for the U.S. Postal Service by selling and dispensing postage stamps through its ATMs.
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