SYRACUSE, N.Y. -- Penn Traffic Co. here is introducing a co-branded credit card that will offer a retail discount with each purchase. Penn Traffic is now distributing applications for the card, which will be co-branded with MasterCard International, New York, and NatWest Bank, Jersey City, N.J. Each of Penn Traffic's major divisions -- Big Bear Stores, Columbus, Ohio; P&C Food Markets here, and Insalaco Markets, Pittston, Pa. -- will have their own individual cards. "Co-branding will ...

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