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New banks in Japan launching niche services

TOKYO -- New entrants into the Japanese banking business are bolstering niche corporate services that century-old rivals are unlikely to handle.

     Seven Bank, a unit of retail giant Seven & I Holdings, is offering a multiuser ATM card for overnight cash deposits into the bank's ATMs at 7-Eleven convenience stores. An ATM at a 7-Eleven store in Tokyo's Shinjuku processes as many as 10 deposits a night from managers of restaurants and gasoline stations, a bank official says.

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