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While some banks are looking to deploy automated lending kiosks in addition to ATMs, Plano, Texasbased Electronic Data Systems Corp. wants to develop an instant-loan function for the ATM itself.
EDS envisions a 60- to 90-second transaction that would require the consumer to enter either one or more identification numbers, which could be a phone number, social security number, or driver's license number. Information from the consumer's...





