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MELLON BANK AND MAC POS ADD SEPTA TO CLIENT LIST

 MELLON BANK AND MAC POS ADD SEPTA TO CLIENT LIST
 PHILADELPHIA, April 23 /PRNewswire/ -- Mellon Bank's Network


Services Division and the Money Access Service (MAC) today announced that the Southeastern Pennsylvania Transportation Authority (SEPTA) is now accepting the MAC card for payment at 55 of its city and suburban stations throughout the Philadelphia area.
 The more than 1 million daily SEPTA riders can use their MAC cards to purchase weekly and monthly transpasses and railpasses, as well as token purchases of $15 or more.
 According to SEPTA Treasurer Feather Houstoun, SEPTA has been testing MAC point-of-sale (POS) through Mellon Bank Terminals at selected stations since November 1991. Within three months, MAC card transactions exceeded SEPTA projections by achieving dollar-for-dollar parity with credit card transactions at stations that offer both payment options. (Credit card payment was introduced in 1985.)
 Mellon sponsored the implementation of the MAC POS system for SEPTA through the development of an integrated debit and credit POS processing system. "Based on our long-standing professional relationship with SEPTA, we saw MAC POS as a logical enhancement to their existing payment options," said Gary T. Staub, first vice president and manager of Mellon's merchant payment business. "The initial results have been most encouraging, and we anticipate steady growth in transaction volume as more SEPTA riders are exposed to the convenience of paying with their MAC card."
 SEPTA said it sees MAC POS as both a convenience for its customers and an opportunity to reduce accounting costs. "The debit transaction is less expensive for us than the credit card transaction, for which we pay a percentage of the purchase amount," Houstoun explained. "In contrast, we pay only a per-item charge on each MAC transaction, regardless of the dollar amount."
 "A critical mass of consumers is now aware of their ability to make purchases with MAC POS," said Donald J. Gleason, MAC senior vice president and network manager. "Consumers are now looking for more opportunities to use their MAC cards at the point of sale. SEPTA is well-positioned to benefit from consumers' increasing awareness of and interest in MAC POS."
 Promotional support for the pre-launch period has focused on a coupon offer of a dollar off on the purchase of weekly and monthly rail and transpasses when paying with the MAC card. "To date, the coupon has been the only promotional support for MAC POS, which makes the transaction volume even more impressive," said Houstoun.
 The MAC system currently has 940 participating financial institutions and approximately 18 million cardholders. MAC-branded terminals can be found in 17 states, with the majority located in Delaware, Florida, New Jersey, New Hampshire, New York, Pennsylvania and West Virginia. MAC is the leading regional network in the nation for switched transactions. It is among the top ATM networks in total transaction volume, and a leading provider of point-of-sale services, recording 49 million transactions per month through 7,837 ATMs, including more than 1 million POS transactions through 10,000 point-of- sale locations.
 MAC and Money Access Service are registered trademarks of the MAC program, which is offered as a correspondent banking service of CoreStates Bank, N.A.
 Mellon's Network Services Division serves more than 25,000 merchant locations throughout the United States with POS driving, debit and credit processing and card production services. These services, marked under the brand name Mellon Ally, include gateway links to more than 25 regional and national EFT networks, point-of-sale support and extensive consulting services. Mellon is a recognized leader in offering an integrated debit and credit point-of-sale payment service.
 With assets of approximately $30 billion, Mellon Bank Corporation (NYSE: MEL) is a major superregional bank holding company. Through its subsidiaries, it provides wholesale, retail and middle market banking as well as numerous service products including trust and investment, cash management and financial data processing.
 /delval/
 -0- 4/23/92
 /CONTACT: Belle Gauvry of Earle Palmer Brown & Spiro for MAC, 215-851-9676, or Debra DeCourcy of Mellon Bank, 412-234-5873/
 (MEL) CO: Mellon Bank Corporation; Money Access Service; SEPTA ST: Pennsylvania IN: FIN SU:


KA-MP -- PH021 -- 1837 04/23/92 11:40 EDT
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Date:Apr 23, 1992
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