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MELLON SIGNS AGREEMENT WITH MCI TO PROVIDE DISCOUNTS TO CUSTOMERS

MELLON SIGNS AGREEMENT WITH MCI TO PROVIDE DISCOUNTS TO CUSTOMERS
 PITTSBURGH, Jan. 17 /PRNewswire/ -- Mellon Bank today announced that it has signed a multi-year Corporate Affinity Agreement with MCI Communications Corporation (NASDAQ: MCIC) to act as a sales agent for MCI services.
 This agreement is designed to provide enhanced discounts on long distance service to Mellon Bank customers who also use MCI.
 The agreement will enable Mellon's processing customers, who use MCI voice services, to receive an average discount of 10 percent off MCI's current low rates for a wide range of long-distance services, including Dial "1" Service, MCI Card and MCI 800 products. The program also offers the discount on MCI's special small and mid-sized business long distance services -- Prism 1, Prism Plus, Preferred and Vision.
 "We want to provide our customers with additional benefits and services wherever possible, including the opportunity to save money on their corporate long distance telephone bills," said Gary Staub, first vice president and head of Mellon's Merchant Payment Business.
 "This arrangement with Mellon will provide a new level of service and result in substantial savings for Mellon customers, " said Jonathan Crane, MCI Eastern Division president. "MCI has a strong business relationship with Mellon that includes a multi-year, multi-million-dollar agreement for long distance services. Mellon provides a variety of banking services to MCI and is the custodian of MCI's 401k and pension plans. Our Corporate Affinity Agreement continues our strong business relationship."
 "The agreement will expand and complement our services package for retail merchants and banks," noted Staub. "In addition to providing cost-effective processing solutions for debit and credit cards, this relationship with MCI now enables us to provide enhanced discounts on long distance services."
 With 1990 revenue of nearly $7.7 billion, MCI is one of the world's largest telecommunications companies. MCI offers business, government and residential customers with a wide array of domestic and global telecommunications services.
 With assets of approximately $30 billion, Mellon Bank Corporation (NYSE: MEL) is a major superregional bank holding company. Through its subsidiaries, it provides wholesale, middle market and retail banking as well as numerous service products including trust and investment, cash management and financial data processing.
 -0- 1/17/92
 /CONTACT: Debra DeCourcy of Mellon Bank, 412-234-5873, or Yvonne Gagnon of MCI Eastern Division, 914-933-6035/
 (MCIC MEL) CO: Mellon Bank; MCI Communications Corporation; Mellon Bank
 Corporation ST: Pennsylvania IN: FIN TLS SU: PDT


DM -- PG007 -- 0902 01/17/92 10:10 EST
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Publication:PR Newswire
Date:Jan 17, 1992
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