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CENTRAL PACIFIC BANK INTRODUCES VISA DEBIT CARD PROGRAMd

 HONOLULU, Feb. 19 /PRNewswire/ -- Central Pacific Bank (NASDAQ: CPBI) (CPB) announced the introduction of CHECK CARD(SM), a Visa Debit card program that enables card access to personal checking accounts. The CHECK CARD is accepted by all merchants who currently accept the Visa credit card. Transactions are conducted exactly like a credit card at the point-of-purchase, except when the transaction is received by the bank, the purchase amount is debited to the cardholder's checking account. CHECK CARD purchases are recorded by date, amount and merchant on the customer's monthly checking account statement.
 CPB's CHECK CARD also serves as an Automatic Teller Machine (ATM) card. CHECK CARD customers can access their account(s) at CPB Diamond-Tel ATMs and at more than 200,000 ATMs participating in the PLUS system and Visa networks in 47 countries. CHECK CARD also allows access to the bank's INFOLINE, a telephone service, to obtain account information.
 "The option of not writing a check is an added value for our customers," said Wayne Kirihara, CPB vice president and marketing director. "Checking account purchases are simpler, quicker and more versatile as many merchants accept Visa cards but not checks."
 Central Pacific Bank is Hawaii's third largest commercial bank with more than $1.2 billion in assets and 18 branches statewide.
 -0- 2/19/93
 /CONTACT: Lori Chin, marketing officer, Marketing Division of Central Pacific Bank, 808-544-0500/
 (CPBI)


CO: Central Pacific Bank ST: Hawaii IN: FIN SU:

LS-JB -- LA036 -- 8608 02/19/93 18:53 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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