COLUMBUS, Ohio, Oct. 13 /PRNewswire/ -- BANC ONE CORPORATION, (NYSE: ONE)
and Mr. Payroll Corporation, a wholly owned subsidiary of Cash America
International (NYSE: PWN) headquartered in Fort Worth, Texas, announced today
that they have entered into a partnership agreement to test check cashing
machines in an unspecified number of locations in BANC ONE markets. The check
cashing machines will be branded under BANC ONE's Rapid Cash machine program
and will be installed in test locations in early 1998.
Mr. Payroll is the world's first state-of-the-art, self service machine
with services including check cashing and ATM transactions. It offers the
convenience of affordable, 24-hour check cashing at places such as
convenience stores, bank lobbies, grocery stores, discount retailers and
shopping malls. Established users with or without a bank account can cash all
types of checks at any Mr. Payroll machine, without a driver's license.
Charles W. Held, Sales Manager for Banc One's Retail Distribution Group,
said, "Our objective is to assist retailers on a national and regional level
by significantly increasing the number of locations where consumers can access
cash. We also want to test the idea of letting consumers cash any check at
their convenience."
Mike Stinson, President of Mr. Payroll, said, "We're delighted with this
opportunity to combine efforts with an industry leader like Bank One."
BANC ONE CORPORATION had total assets of $115.5 billion and common equity
of $9.7 billion at June 30, 1997. BANC ONE currently operates approximately
1,200 offices in 12 states. BANC ONE also owns several additional
corporations that engage in a full range of financial services. Information
about BANC ONE's financial results and its products and services can be
accessed on the Internet at: http://www.bankone.com and through InvestQuest
at http://www.investquest.com or Fax-on-demand: 614-844-3860 Information
about Mr. Payroll's check cashing machine (CCM) can be accessed on the
Internet at: http://www.mrpayroll.com
SOURCE Banc One
back to top
CONTACT: John A. Russell of BANC ONE, 614-248-5989; or Mike Stinson of Mr. Payroll, 817-335-7200
|