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To: Boplicity who wrote (27)	3/13/2000 11:35:00 AM
From: Boplicity	Read Replies (1) \| Respond to of 13572

ETrade opens mini banks. <<ETrade Agrees to Buy ATM Operator to Expand Presence Menlo Park, California, March 13 (Bloomberg) -- ETrade Group Inc. said it will buy automatic teller machine operator Card Capture Services Inc. for an undisclosed amount, as the second- largest online broker seeks to create a physical presence for its brokerage and banking services. ETrade plans to convert some of the 8,500 ATM machines of the closely held Card Capture to financial kiosks, where customers can access their banking and brokerage accounts. ETrade completed its purchase of online bank Telebank in January. ``This acquisition supports ETrade's mission of democratizing financial services by giving consumers even more opportunities and choices to benefit from the value and convenience of online banking and investing,' ETrade's chairman and chief executive Christos M. Cotsakos said in a statement. ``One of the things we've seen in online banking is people who are reluctant to send checks via mail,' said Scott Appleby, an analyst at BancBoston Robertson Stephens. ``This gives ETrade and Telebank a physical access channel.' ETrade last month leased 30,000 square feet of street-level space in midtown Manhattan, around the corner from branches for rival brokerages Charles Schwab Corp., Fidelity Investments and TD Waterhouse Group Inc. ETrade fell 1 7/16 to 25 1/16 in early trading on the Nasdaq Stock Market. Mar/13/2000 9:50>> Greg