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MAC NETWORK SIGNS KEY BANK OF NEW YORK

 MAC NETWORK SIGNS KEY BANK OF NEW YORK
 PHILADELPHIA, Oct. 5 /PRNewswire/ -- Money Access Service Inc. (MAC)


announced today that Key Bank of New York has signed an agreement with the Philadelphia-based electronic funds transfer network.
 The agreement, which includes all New York state Key Bank ATM locations, will increase the MAC network's market share in the New York region by approximately 15 percent.
 "Like the MAC network, Key Bank is a recognized leader in electronic banking, with an emphasis on consumer service," said Donald J. Gleason, MAC senior vice president and network manager. "With these shared perspectives, we are looking forward to a strong and mutually beneficial working relationship." Gleason added that the Key Bank agreement, which closely follows the announcement that National Westminster USA has joined the MAC network, marks another significant step in strengthening the network's position in the New York market.
 According to Paul Frank, vice president and director of Electronic Banking for KeyCorp (NYSE: KEY), Key Bank of New York's parent organization, the MAC network's delivery system in western New York was a major incentive. "We wanted to offer our customers additional access to electronic banking services at major food retailers. As a member of the MAC network, we will have that capability," said Frank.
 Key Bank of New York operates more than 200 ATMs throughout New York state; these locations began accepting the MAC card on Sept. 9, 1992.
 The MAC system currently has 929 participating financial institutions and approximately 18.5 million cardholders. MAC branded terminals can be found primarily in seven states, including Delaware, Maryland, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. The MAC network is the leading regional ATM network for switched transactions. It is among the top ATM networks in total transactions, and a leading provider of point of sale services, recording 51 million transactions per month through 7,827 ATMs, including more than 1.4 million POS transactions per month through 12,500 point-of-sale locations.
 A new joint venture between CoreStates Financial Corp (NASDAQ: CSFN), Banc One Corporation, PNC Financial Corp and Society Corporation, announced on July 22 and expected to be effective in the fourth quarter, will expand the MAC network's market base to 13,000 ATMs in 16 states, with a monthly switched volume equating to 21 percent of the national switched volume.
 MAC and Money Access Service Inc. are trademarks of the MAC program, which is offered as a correspondent banking service of CoreStates Bank, NA.
 /delval/
 -0- 10/5/92
 /CONTACT: Belle Gauvry of Earle Palmer Brown & Spiro, 215-851-9676, for MAC/
 (KEY CSFN) CO: Money Access Service Inc.; Key Bank of New York ST: New York, Pennsylvania IN: FIN SU:


MK-CC -- PH039 -- 6711 10/05/92 15:50 EDT
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Publication:PR Newswire
Date:Oct 5, 1992
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