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November 22, 1993

MS AND FIRST CHICAGO BANK LAUNCH HOME BANKING VENTURE

By CBR Staff Writer

The First Chicago Corp bank has joined forces with Microsoft Corp on a home banking venture: the service will enable customers to transfer funds, reconcile cheque accounts, pay bills electronically and view closing stock quotes from their personal computers; the venture also involves National Payment Clearinghouse Inc and will offer three dial-up services: Bank On-Line, Pay On-Line and Quotes On-Line; subscribers will pay $40 for the software, and then $15 a month.

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