Manpower Reengineers its Payroll Program To Include a Payroll Debit Card Solution.

NEW YORK--(BUSINESS WIRE)--Aug. 26, 1997--Citibank announced today that Manpower Inc., the world's largest staffing services company, has offered Citibank's PayTM(SM) card program to its employees.

The program is used to pay those employees who prefer a payroll program via direct deposit, or those who do not have bank accounts. The PayTM program also provides its enrollees with access to their wages via ATM and POS networks -- 24 hours a day, seven days a week.

First tested on a regional basis, the PayTM card proved to be a cost-effective and convenient payroll solution for many Manpower employees. As a result, Manpower has offered the PayTM card as a payroll option to employees, nationwide.

According to Maureen Quinn, Vice President, Northeast Region, at Manpower, Inc., their employees liked the concept of a payroll debit card. "Employee participation in direct deposit was very low. Also, some of our employees have told us that they do not want the expense of maintaining a bank account, that it was inconvenient for them to pick-up their checks and to use check cashing locations. They were also concerned with the high cost of check cashing fees. We wanted to take the initiative to meet the needs of our employees and the PayTM card was the perfect solution."

From a corporate viewpoint, Manpower now has another solution to improve its system for the processing, distribution and reconciliation of payroll checks, to reduce the mailing of checks and check encashment arrangements.

To provide its employees with the PayTM card service, Manpower first enrolls participating employees and provides employee and payroll information to Citibank. Citibank then issues cards and PINs. Each pay period, Manpower transmits payroll deposits to Citibank and, on payday, participating employees can access funds using the card and PIN at participating ATM and POS locations. (The accounts earn interest and are FDIC-insured.) There is also a Holiday Savings program available to enrollees. Citibank provides PayTM users with monthly account statements and Manpower distributes a hard copy of the pay stub.

Manpower, Inc., the world's largest temporary employer maintains some 2,400 offices in 43 countries, worldwide. It employs more than 1.5 million individuals in a variety of positions, including computer programmers, system analysts, administrative support, and light industrial workers. The company provides health care benefits and free training in skills that are in high demand today.

Citibank is a leader in providing unique cash management, credit card and consumer banking solutions to individuals, corporations and financial institutions.

CONTACT: Citibank

Beverly Wayne, 203/975-6745

or

Manpower, Inc.

Gretchen Kreske, 414/906-6540