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ELECTRONIC PAYMENT SERVICES, INC. NAMES DAVID VAN LEAR ITS NEW CEO; ANDERSON STAYS ON IN STRATEGIC PLANNING POSITION

 WILMINGTON, Del., Aug. 16 /PRNewswire/ -- The board of directors of Electronic Payment Services, Inc. announced today that David Van Lear will become the chairman and chief executive officer of EPS effective Sept. 1.
 Van Lear is currently chairman and chief executive officer of Banc One's Regional Affiliate Group, in Columbus, Ohio, and a member of the EPS board of directors.
 EPS is the transaction services joint venture created by Banc One Corporation, CoreStates Financial Corp, PNC Bank Corp. and Society Corporation in July 1992. Money Access Service Inc. (MAC(R)), with headquarters here, and BUYPASS Corporation of Atlanta, Ga., are EPS' primary subsidiaries.
 Prior to his present position, Van Lear served Banc One in several capacities, including chairman and chief executive officer of Banc One Services Corporation. He joined Banc One in 1986 from American Savings, where he was senior executive vice president, and president of their Financial Services Group. Van Lear also worked with Norwest Corporation for 15 years, serving as president of Norwest Information Services from 1981 to 1984.
 The search for a CEO began several months ago after current CEO Doug Anderson and the board agreed to a change in his position. Anderson will become vice chairman, with responsibility for Strategic Business Initiatives and Industry Relations. Michael L. Douglas will continue as chief operating officer of EPS.
 "I'm delighted to be joining EPS, and to have such a high-caliber management team in place," said David Van Lear. "For the past two decades, Doug Anderson has been one of a handful of individuals who have defined the EFT industry. He has had a significant impact on setting the course for the company over the past year, and I am pleased that we will continue to benefit from his experience and commitment to EPS."
 Outlining his new position with the company, Anderson said, "It's simply a matter of returning to what excites me most about this business -- concentrating on our strategic plans for continued growth, championing our drive for 'continuous improvement' and representing EPS within our industry. I was both willing and proud to head EPS during its crucial first year, but now I'm very eager to become less focused on administration, and more involved with the people and issues that drive this company. I think Dave Van Lear is a great choice, and he has my full support."
 Electronic Payment Services, Inc., a joint venture of Banc One, CoreStates Financial Corp, PNC Bank Corp. and Society Corporation, is the holding company for Money Access Service Inc., the largest regional processor of automated teller machine transactions in the United States; and BUYPASS Corporation, a national leader in electronic point-of-sale transaction processing services.
 MAC is registered trademark of Money Access Service Inc.
 ELECTRONIC PAYMENT SERVICES, INC.
 FACT SHEET
 Chairman & Chief
 Executive Officer: David Van Lear (Effective Sept. 1)
 Vice Chairman: Douglas D. Anderson
 Chief Operating Officer: Michael L. Douglas
 Chief Financial Officer: Richard C. Schwenk Jr.
 Board of Directors: Donald L. McWhorter, president, Banc One
 Corporation
 (Replacement to be named for David Van
 Lear, Banc One Corporation)
 Terrence A. Larsen, chairman and CEO,
 CoreStates Financial Corp
 Robert N. Gilmore, chief technology and
 processing services officer, CoreStates
 Financial Corp
 James E. Rohr, president, PNC Bank Corp.
 A. William Schenck III, executive vice
 president, PNC Bank Corp.
 Stephen E. Wall, executive vice president,
 Society Corporation
 Subsidiary Heads: Michael L. Douglas, president & CEO, Money Access
 Service
 John R. Festa, president & CEO, BUYPASS
 Corporation
 State of Incorporation: Delaware
 Headquarters: Suburban Wilmington, Del. (EPS and Money
 Access Service Inc.), Atlanta, Ga.
 (BUYPASS Corporation)
 Core Market for
 Money Access Service Inc.: Middle Atlantic and Midwest regions
 Total Annual ATM
 Transactions: 1 billion, including 730 million
 switched transactions
 Total ATMs: 13,000
 Core Markets for BUYPASS
 Corporation: POS business is national
 Total Annual POS
 Transactions: 650 million
 Total POS Data Capture
 Terminals: 150,000
 (Current as of Aug. 16, 1993)
 Douglas D. Anderson
 Douglas D. Anderson is vice chairman with responsibility for Strategic Business Initiatives and Industry Relations for Electronic Payment Services, Inc. (EPS), a joint venture with Banc One, CoreStates Financial Corp, PNC Bank Corp. and Society Corporation.
 A key player in the formation of EPS, Anderson served as the company's chief executive officer during its inaugural year. Prior to that, Anderson was executive vice president of CoreStates' Electronic Payment Services Division.
 Anderson joined Philadelphia National Bank in 1976 as vice president and director of Electronic Funds Transfer (EFT) Systems. His initial duties led to the creation of Money Access Service (MAC) correspondent banking Electronic Funds Transfer program, which he managed from its creation in 1979. He was elected senior vice president in 1983 and executive vice president in 1987.
 In addition to a tour of duty in the U.S. Army, Anderson served as associate director of Payments System Planning for the American Bankers Association, and in a variety of positions for the Federal Reserve Bank of Atlanta.
 A native of Athens, Ga., Anderson holds a B.A. in economics from the University of Georgia, and an M.B.A. in finance in international business from Georgia State University.
 David Van Lear
 David Van Lear will be chairman and chief executive officer of Electronic Payment Services, Inc., Wilmington, Del., effective Sept. 1.
 Prior to his appointment as EPS CEO, he was a member of the EPS board of directors since its creation in January 1993, and chairman and chief executive officer of Banc One's Regional Affiliate Group, from July 1992 to August 1993. In addition, he served as president and chief executive officer of Banc One Services Corp., a data processing wing of Banc One. Van Lear joined Banc One in 1986 as senior vice president of Product Support and Data Processing.
 Prior to joining Banc One, Van Lear was senior executive vice president of American Savings and president of its Financial Services Group. He was also with Norwest Corporation for 15 years, serving as president of Norwest Information Services from 1981-84.
 He holds a bachelor's degree in finance from San Diego State University and is a graduate of The Amos Tuck Executive Program of Dartmouth College and of the Colorado Graduate School of Banking.
 Van Lear was selected as chief information officer of the Year for 1991 by Information Week magazine. He serves on the board of Visa Merchant Bank Services and Plus System, Inc.
 /delval/
 -0- 8/16/93
 /CONTACT: Belle Gauvry of Earle, Palmer, Brown & Spiro, 215-851-9676, for Money Access Service/


CO: Electronic Payment Services, Inc. ST: Pennsylvania IN: FIN SU: PER

MJ-MP -- PH011 -- 3030 08/16/93 11:26 EDT
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Date:Aug 16, 1993
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