Beneficial National Bank and CompuServe developing fast, easy financial services on-line.WILMINGTON, Del.--(BUSINESS WIRE)--July 9, 1996--Beneficial National Bank (BNB BNB Bed 'n Breakfast BNB Banco do Nordeste do Brasil (Brazil) BNB Banque Nationale de Belgique BNB Bulgarian National Bank BNB British National Bibliography BNB Bad News Bears (movie) ) today announced the first program that gives eligible CompuServe members a two-minute decision on an on-line application for up to a $10,000 personal loan at very competitive rates. BNB, the commercial banking subsidiary of Beneficial Corporation, will launch this new loan product later this summer under a letter of agreement recently signed with CompuServe. Such an on-line loan product would be a first in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "CompuServe is a quality on-line service provider and shares our commitment to offering the best customer service possible. Beneficial National Bank looks forward to this promising new relationship with CompuServe," said Robert W. Pierce, president and chief executive officer of BNB. He said the annual percentage rate could be as low as 9.9%. BNB's electronic banking services are currently accessible through Beneficial's home page (http://www.beneficial.com). Once the new service is launched, it also will be available through CompuServe's new banking area (GO BANKING), located in the Finance section of the CompuServe Information Manager CompuServe Information Manager or CIM was CompuServe Information Service's client software. The program was a GUI front end to the text-based CompuServe service, which initially could be accessed using a standard terminal program using alphanumerical shortcuts. . "Beneficial Corporation subsidiaries recognize the importance and convenience of on-line services, which hold the key to a new generation of consumers. It is imperative that financial institutions understand that electronic commerce will be the banking method of choice for future generations," said Finn M.W. Caspersen, chairman and chief executive officer of Beneficial Corporation. "On-line customers will receive the same easy and convenient service that has become the hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London. of the Beneficial family of companies." Beneficial Corporation is a $15 billion, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Stock Exchange-listed financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. holding company. Subsidiaries of the Company provide financial services through their various consumer-finance, credit-card, banking and insurance operations located throughout the United States, Canada, the United Kingdom, Ireland and Germany. CONTACT: Beneficial Corp., Wilmington Robert Wade Robert Wade or Bob Wade is the name of several notable individuals:
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