BANK ONE INTRODUCES TELEPHONE BILL PAYING SERVICE
BANK ONE INTRODUCES TELEPHONE BILL PAYING SERVICE COLUMBUS, Ohio, Nov. 1 /PRNewswire/ -- Bank One, Columbus, NA
announced today that it has introduced a new telephone bill payment service for residents in the greater Columbus area. The telephone bill payment service has been designed so that everyone with a checking account at any financial institution can use the program, even if the person is not a customer of Bank One. Customers do not need to switch banks to use the service. The bill paying service will be available starting Nov. 6, 1991, and information about the program will be available in all Bank One, Columbus offices.
The telephone bill paying service will permit customers to pay virtually any bill. It will automatically pay fixed monthly bills like rent and mortgage payments at specified times. It will also handle scheduled payments of variable amounts like credit card and utility bills. It will also handle occasional payments to virtually anyone. All transactions will be provided on a separate monthly statement which will also permit customers to categorize payments for budgeting purposes, which will be included on each monthly statement. Fees for the service will be $5.95 a month for 10 transactions, and $2.95 for each additional group of 10 transactions. Michael J. McMennamin, chairman of Bank One, Columbus said, "We recently introduced Bank One, OnLine, a home banking service for customers who have personal computers. We are introducing this additonal telephone bill payment service for customers who would rather not buy additonal equipment and use their current touchtone phone to handle bill payment needs." McMennamin continued, "We want to make it as easy as possible for anyone to bank with us. This is just another example of doing whatever it takes to provide the best banking services possible in Columbus." Bank One's telephone bill payment service is being offered in conjunction with CheckFree, located in Columbus, Ohio. CheckFree is one of the nation's largest electronic payment processors for business and consumers, which has been offering consumer bill payment and other electronic transaction services on a national basis for the last 10 years. CheckFree will provide payment processing for the new telephone bill payment service. Bank One, Columbus is an affiliate of Banc One Corporation (NYSE: ONE). Banc One Corporation has assets of $46.2 billion including Bank One, Texas, and total equity of $3.4 billion. Banc One Corporation operates 50 banks with 826 offices in Indiana, Illinois, Kentucky, Michigan, Ohio, Texas and Wisconsin. Banc One Corporation also operates several additonal corporations that engage in data processing, venture capital merchant banking, trust, investment management, brokerage, equipment leasing, mortgage banking, consumer finance and insurance. -0- 11/1/91 /CONTACT: John A. Russell of Bank One, 614-248-5989, or Mike Sapienza of CheckFree, 614-898-6011/ (ONE) CO: Bank One ST: Ohio IN: FIN SU: PDT CG -- CL017 -- 0352 11/01/91 16:03 EST
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|Date:||Nov 1, 1991|
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