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AMERICAN BANKERS ASSOCIATION SELECTS MCI AS PREFERRED COMMUNICATIONS CARRIER.

WASHINGTON, D.C.--(BUSINESS WIRE)--Nov. 25, 1996--

Joint Marketing Agreement With MCI To Offer

Banks Savings And Advanced Services

The American Bankers Association through its subsidiary, the Corporation for American Banking, has selected MCI as its preferred telecommunications provider for a new joint marketing program that offers banks savings and access to advanced MCI communications services.

Under the agreement, MCI -- with marketing support from ABA and state banking associations -- will offer banks voice communications services on the MCI Vision plan that include: in-state, interstate and international long distance calling, as well as intraLATA local toll service.

In addition, MCI will provide advanced business communications applications including: MCI Hyperstream frame relay and MCI Private Line data services, and audio conferencing services through networkMCI Conferencing.

"Banks will see immediate savings and receive enhanced services through the MCI partnership," said Donald G. Ogilvie, ABA executive vice president. "MCI's culture of applying technological solutions to changing market dynamics is ideal for banks that are developing new menus of financial services for their clients."

Going forward, ABA and MCI will develop enhanced services that could include applications such as banking via the Internet, wireless communications and call center consulting.

"MCI looks forward to supplying banks with the technology muscle and integrated communications solutions to arm them with a formidable competitive advantage," said Vincent C. Corica, MCI Business Sales and Service senior vice president.

ABA has teamed with the Iowa Bankers Association to provide a custom billing system that automatically deducts payment from the bank's account. MCI's National Account Team will manage the nationwide rollout of the program.

The American Bankers Association brings together all elements of the banking community to best represent the interests of this rapidly changing industry. Its membership -- which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks -- makes ABA the largest banking trade association in the nation.

CAB, ABA's for-profit subsidiary, identifies products and programs that assist banks with their income producing and operational needs.

MCI, headquartered in Washington, D.C., provides a full range of integrated communications services to more than 20 million customers. Credited with opening up the U.S. long distance market for competition, MCI is now leading the charge to bring competition to the $100 billion local market, offering American consumers for the first time the freedom to choose their local carrier. With quarterly annualized revenue of more than $18 billion, MCI is one of the largest and fastest growing telecommunications companies in the world.

CONTACT: MCI

Steve Fox, 770/668-5359

or

ABA

Nancy Ness Judy, 202/663-5472
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Publication:Business Wire
Date:Nov 25, 1996
Words:433
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