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BANKAMERICA ANNOUNCES ELECTRONIC GLOBAL PAYMENTS STRATEGY

 SAN FRANCISCO, July 21 /PRNewswire/ -- BankAmerica (NYSE: BAC) today announced that it will provide cash management clients with a user-friendly graphical interface technology based on Windows that fully integrates their access, via personal computer, to its cash management products. This action, which is part of BankAmerica's overall electronic payments strategy for the duration of the 1990s industry first that combines the advanced, common architecture of the bank's Global Banking System with the capabilities of clients' personal computers. It uniquely positions BankAmerica as a technology leader in providing clients with fully integrated global banking services.
 The sophisticated Global Banking System (GBS) became the banking world's first such system in the mid-1980s, when BankAmerica developed and installed it in Europe. The final worldwide links were put in place in 1990, and GBS today is still the only on-line banking delivery system that seamlessly provides multinational clients with the ability, around the clock, to access real-time account information, in locations from Chicago to Brussels to Guangzhou, China, and to initiate cross-border transactions, such as the pooling of accounts and currencies.
 The graphics-based personal computer product will complement BankAmerica's ongoing development of new and enhanced products that are simple to use, flexible, and responsive to client needs. This access to products by multinational, national, and middle-market clients will start becoming available in third quarter this year and be completed in stages by the end of next year.
 BankAmerica plans to make a breadth of services accessible via clients' personal computers using the new interface, including electronic funds transfer and information services, foreign exchange, trade finance, and capital markets applications.
 An increased number of electronic data interchange (EDI) services, the computer-to-computer transfer of structured business data in a common, standardized format, will also be accessible. BankAmerica, aiming to become the preeminent provider of EDI services to domestic and international EDI users, is leveraging off its large customer base in the domestic and international markets to act as a catalyst to create greater critical mass in the EDI field.
 "Our strategy is to make our full range of products easier to use, with a 'look' and 'feel' that will be familiar to customers regardless which products they use or where they use them," said Executive Vice President Colin Klipin, who manages Global Payment Services, the Financial Institutions Group, and operations supporting U.S. corporate clients.
 "Our customers tell us they need greater flexibility in the products they use, which makes good sense to us. Our approach to product development and our infrastructure give us that flexibility," said Senior Vice President Marshall Soura, manager of Domestic Sales and Product Management in Global Payment Services. Corporate and middle- market customer advisory groups meet periodically with Global Payment Services for their input, and the direction of its new electronic strategy is based, in part, on this customer feedback.
 Klipin said, "With the merger of BankAmerica and Security Pacific behind us, we are now focused on fast-track product development utilizing the proven methodologies that Swallow Business Systems developed in England," said Klipin. Swallow, a wholly owned subsidiary of Bank of America, has established itself over the past decade as a leading provider of specialized treasury software. In Europe, more than 50 percent of the market for vendor-provided treasury management software used by corporations is held by BankAmerica products -- International Treasurer and a new generation of software, IT/2, both developed by Swallow. Klipin said Swallow has succeeded because of its "orientation to providing solutions to customers' individual needs."
 "Product development must be supported by highly trained, solutions- oriented professionals," said Klipin, "and more than 900 people in our organization are undergoing intensive customer service training between now and the end of the year to speed our responsiveness."
 BankAmerica is also committed to maintaining its global banking infrastructure with state-of-the-art technologies that provide the means for flexible responses to evolving client needs. Ongoing projects include upgrading the wire transfer system and clearinghouse capabilities.
 Klipin said, "Historically, BankAmerica has demonstrated its leadership in this business by committing the resources needed to introduce innovative technological breakthroughs. Our Global Banking System and the International Treasurer products evidence that." He added, "BankAmerica is among the top cash management providers in the nation, but we're striving to find better ways to serve our clients here in the States and around the world," Klipin said. "The strategic course we've set provides us with the opportunity to become the preeminent provider of cash management services, both domestically and internationally."
 -0- 7/21/93
 /CONTACT: Sharon Tucker of BankAmerica, 415-622-2775/
 (BAC)


CO: BankAmerica ST: California IN: FIN SU:

TM -- SF007 -- 3990 07/21/93 13:26 EDT
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Date:Jul 21, 1993
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