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SWARTHMORE COLLEGE OFFERS ALUMNI PNC BANK'S ZIPCHECK CONTRIBUTION PAYMENT SERVICE

 PITTSBURGH, Dec. 2 /PRNewswire/ -- Swarthmore College, a small highly selective liberal arts and engineering college in suburban Philadelphia, has adopted ZipCheck(R), PNC Bank's (NYSE: PNC) direct debit system, to simplify contributions payments for alumni, parents and other donors. Swarthmore's supporters can sign up for ZipCheck without charge and have the exact amount of their pledge payments deducted automatically from any bank checking account or statement savings account.
 "We want to make supporting Swarthmore as easy as possible. For many alumni and parent donors, smaller monthly payments make it easier to handle a generous contribution, and with ZipCheck, it will happen automatically," said Douglas B. Hasbrouck, director of annual funds at Swarthmore College, the first educational institution to offer ZipCheck to contributors. "Donors won't need to renew each year, but may continue until they wish to end it or change the monthly amount."
 Electronic processing offers significant advantages to the college. Hasbrouck continued, "We hope ZipCheck will lead to an increase in giving as well as lower fund raising costs. Both ways, it will mean more funds available for the education of students." He expects savings in printing, postage and long-distance charges because ZipCheck participants will not receive fund appeals, phonathon calls, or even pledge reminders. Hasbrouck noted that using ZipCheck will results in more transactions, but Swarthmore believes the ease of payment will lead to a significant increase in giving.
 Offered by PNC Bank Treasury Management, ZipCheck is suitable for any organization or business that receives recurring payments, investments or cash contributions. As an electronic collection system, ZipCheck minimizes errors and avoids many processing steps associated with paper checks. ZipCheck can reduce processing costs by as much as 50 percent per transaction.
 Contributors participating in the program are advised of the dollar amount and due date in advance of the ZipCheck payment. With this service, participants avoid the time, costs and postage associated with paper checks.
 Organizations sponsoring this direct debit system know the total dollar amount of payments in advance, enabling them to maximize the use of available balances. PNC Bank uses a sophisticated Automated Clearing House system that ensures consistent processing and great flexibility.
 PNC Bank Treasury Management provides a complete line of electronic and check-based treasury management products, including collection, disbursement, information and investment services through its operations centers in Pittsburgh; Philadelphia; Cincinnati; Louisville, Ky.; Wilmington, Del.; Dallas and Los Angeles.
 PNC Bank is the 11th-largest banking organization in the United States, with $52.3 billion in assets at Sept. 30, 1993, and more than 550 community banking offices throughout Pennsylvania, Delaware, Ohio, Kentucky and Indiana. PNC Bank's major lines of business include retail banking; corporate banking; investment management and trust; and investment banking.
 PNC Bank Corp. operates as PNC Bank in most of its Pennsylvania markets and in Kentucky, Ohio and Indiana. Bank of Delaware will change its name to PNC Bank in the first quarter of 1994. PNC Bank Corp. is headquartered in Pittsburgh.
 -0- 12/2/93
 /CONTACT: Jonathan Williams, 412-762-4550 or 412-257-3257, of PNC Bank; or Nancy Johnson 612-871-8877 of Padilla Speer Beardsley Inc., for PNC Bank/
 (PNC)


CO: PNC Bank ST: Minnesota IN: FIN SU:

CP-DB -- MN003 -- 9631 12/02/93 08:59 EST
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Publication:PR Newswire
Date:Dec 2, 1993
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