Discover is seeking to dispel the perception that its card is not accepted everywhere. Yesterday Discover Financial Services announced the launch of its ‘Acceptance Awareness’ campaign. The advertising campaign was created by Goodby, Silverstein & Partners in San Francisco and has begun appearing on billboards and in a variety of print media including Newsweek, People, Sports Illustrated and Time this week. The creative depicts the ‘Discover Card’ logo imprinted on objects that are representative of certain merchants. For example, one of the advertisements shows the ‘Discover Card’ logo embedded in a plank of wood and the tagline reads, “The Discover Card is accepted at 1000 new locations every day including Home Depot.” The Discover Card is now accepted at 3.6 million locations in the US. To view the new Discover Card ad campaign visit CardWatch (www.cardwatch.com) this week.
The ‘WebMiles MasterCard’ took off this week with a full page ad in the Wall Street Journal and a major partner announcement. Salt Lake City-based WebMiles and Metris Companies/Direct Merchants Bank officially launched the ‘WebMiles MasterCard’ in late June. WebMiles rewards are redeemable for free, unrestricted travel on any airline and any flight without regard to blackout dates, limited number of allocated frequent flyer seats on each flight, required Saturday night stays, expiration of miles, 21-day advanced notice or cost caps. ‘WebMiles MasterCard’ users receive one ‘WebMile’ for each dollar charged to the card in addition to mileage earned through WebMiles partners. Yesterday WebMiles announced 20 new e-tailers to its partner network to bring the total number of online WebMiles partners to 60. New partners include: jcpenny.com, dell.com, garden.com, and MarthaStewart.com. WebMiles also announced this week it has tapped David “The Pudding Guy” Phillips to judge a WebMiles contest offering a one million ‘WebMiles’ grand prize. Phillips became famous after buying 12,000 cups of Healthy Choice chocolate pudding to earn one million United Airlines miles. The ‘WebMiles MasterCard’ is the most aggressive co-branded program taken on by Metris’ Direct Merchants Bank to-date. To view promotional materials for the WebMiles MasterCard as well as other marketing items of Direct Merchants Bank visit CardWatch ([www.cardwatch.com]).
Although it is looking to sell off its credit card portfolio, First Union confirmed yesterday it is getting into the online insurance business. First Union purchased Professional Direct Agency, Inc. which operates Pivot.com. First Union paid $4.35 million in cash for the Web site to ilife.com a/k/a bankrate.com. Pivot provides insurance carrier fulfillment services, conservation services and website private labeling to insurance companies, financial institutions, affinity groups, traditional agencies and other business partners. Bankrate.com has been unloading assets in a path-to-survivability effort. In addition to selling off Pivot.com, bankrate.com has sold off CPNet to Colleges.com, and has a sale pending for its Spanish language site, Consejero.com. Bankrate.com/ilife.com also has discontinued its broadcast division and some of its print publications. In addition to drastically cutting marketing and PR expenses the Internet firm has reduced its workforce by 10% and has reduced vendor payments by 20%.
Official Payments Corporation reported a 235% increase in revenues between 2Q/99 and 2Q/00. For the first half of 2000, the company processed over 175,000 transitions and collected $563 million in balance-due, estimated and extension tax payments on behalf of the IRS. As of June 30 the company had 555 government clients, compared to 369 one year ago. The number of payment services provided on behalf of those clients totaled 759 on June 30, 2000, compared to 455 on June 30, 1999. OPC now does business with eight state government entities, and works with municipal and county authorities in 38 states. OPC, f/k/a U.S. Audiotext, enables consumers to pay government fees and taxes via telephone or the Internet, using their MasterCard, Discover or American Express payment cards. For complete current and historical data on Official Payments Corporation visit CardData ([www.carddata.com]).
Atlanta-based CompuCredit, issuer of the sub-prime ‘Aspire VISA’ card, reported a record growth of 325,000 new cardholders during the second quarter to bring the total number of accounts to 1.6 million. Second quarter earnings hit $24.9 million compared with $2.2 million for 2Q/99. At the end of the second quarter CompuCredit held total managed card loans of $1.2 billion. For the second quarter, the managed net interest margin was 23.3% as compared to 21.0% in the second quarter of 1999. The pro forma net charge-off rate was 9.2% in the second quarter of 2000. At June 30, the 60+ day managed delinquency rate was 7.3%. ‘Aspire VISA’ cards are issued for CompuCredit by Columbus Bank and Trust Company. For complete current and historical data on CompuCredit visit CardData ([www.carddata.com])
COMPUCREDIT/ASPIRE TRACK RECORD
2Q/00 1Q/00 4Q/99 3Q/99 2Q/99
Receivables: $1.17b $1.03b $899m $667m $526m
Accounts: 1.65m 1.42m 1.18m 927k 633k
Source: CardData (www.carddata.com)
MyPoints.com, a leading provider of integrated eMarketing solutions, and J.D. Power Clubs announced the launch of a new membership service, carclub by MyPoints.
This new clicks-and-mortar program, powered by carclub.com, enables MyPoints members to earn points offline for just about everything automotive — from car purchases and insurance to financing and repairs. The program is expected to generate substantial recurring revenues tied to enrollment, membership fees and transactions through carclub.com, the first J.D. Power Club.
“By partnering with leading consumer service providers like J.D. Power Clubs, MyPoints.com continues to build out the range of unique and powerful programs we offer to our members,” said Steve Markowitz, chairman and CEO of MyPoints.com. “Carclub by MyPoints gives our members more ways to earn points for everyday activities. This enhances the value of the MyPoints Program for them while enabling us to increase our share of their offline transaction volume.”
“J.D. Power Clubs and MyPoints.com share a common goal — to provide consumers with the right tools to make the most of their money, online and off,” said Michael London, chairman and CEO of J.D. Power Clubs. “Given consumers’ many day-to-day automotive needs, the opportunity to earn points for using carclub.com’s many products and services should make for a compelling combination as we introduce the new program to MyPoints’ more than eight million members.”
MyPoints members earn up to 1,500 points for enrolling in the co-branded club, as well as two points per dollar spent on products and services with carclub-affiliated vendors. Members can earn an extra point per dollar spent by using their MyPoints(R) MasterCard(R) for carclub purchases.
Points earned through carclub by MyPoints are in addition to the numerous other earning opportunities offered by the MyPoints Program including: reading and responding to targeted email and Web-based offers, filling out surveys, shopping and taking other actions advantageous to MyPoints.com’s business clients.
Carclub by MyPoints also offers members these additional benefits:
— Membership and Gas MasterCard(R) Card. Members receive a stored value card with which they can purchase gasoline at a 10% discount this year. This card can be used at any of the over 110,000 gas stations that accept MasterCard. An average member can save up to $240 annually.
— Deductible Reimbursement. If a member’s car is damaged and the cost of repairs exceeds the insurance deductible, carclub by MyPoints will reimburse the auto insurance deductible amount paid by the member up to $500.
— Save on Auto Insurance. Top-rated national insurance companies offer special rates to carclub by MyPoints members. These rates can save members up to $250 per year, or as much as 15% off their current premium.
— “Help, I’m Lost,” Driving Directions. Members may call carclub by MyPoints from any phone, 24 hours a day, seven days a week for step-by-step directions.
— Mechanic Hotline. Members have round-the-clock access to automotive experts for assistance with automotive maintenance and repair issues.
— Personal Shopper Service. Carclub by MyPoints’ Personal Shopper service is the hassle-free way to buy a new car. Personal Shoppers will coordinate and arrange everything — from price negotiations with dealers, vehicle configuration, financing to vehicle delivery. Additional fees apply.
MyPoints.com is a leading provider of integrated eMarketing solutions. The MyPoints(R) suite of products enables the Company’s clients to acquire new customers and optimize existing relationships over the Internet.
— MyPoints(R), the Company’s flagship service, enables marketers to identify, acquire and retain customers through highly targeted email and Web-based promotional offers delivered to an audience of more than eight million members. Advertisers leverage MyPoints.com’s loyalty infrastructure to offer consumers a tangible incentive to respond.
— MyPoints(R) Shopping!, the Company’s e-commerce channel, enables major Web merchants to provide consumers with a continuing incentive to shop at their sites. MyPoints.com is the Internet’s No. 1 most popular incentive site, and No. 3 most popular retail site (June 2000, Media Metrix).
— MyPoints(R) Offline, the Company’s clicks-and-mortar program, enables clients to utilize the reach and opt-in marketing tools of MyPoints to drive sales offline as well as on the Internet.
— The MyPoints(R) Network enables businesses to implement quickly and cost-effectively a co-branded version of the MyPoints rewards program to drive transactions and build long-term loyalty among users at their own sites.
MyPoints.com has sales offices in cities nationwide. For detailed product information please call 800-890-9351, 212-699-8050, ext. 7702 from outside North America, or visit MyPoints.com at .
About J.D. Power Clubs, Inc. and carclub.com, a J.D. Power Club
J.D. Power Clubs, Inc. educates consumers to help them make better decisions and facilitates transactions through a network of participating retailers committed to delivering quality service and savings. Carclub.com, the first J.D. Power Club, helps vehicle owners shop for new and used vehicles, facilitates the selection of financing and insurance options and provides sources and savings for vehicle maintenance. Carclub’s services are accessible online and by telephone at 800-CARCLUB. Selected highlights from J.D. Power and Associates’ customer satisfaction syndicated research will be available later this summer from J.D. Power Clubs, through its soon-to-be launched J.D. Power Information Center.
Carclub.com, a J.D. Power Club, may be found at [http://www.carclub.com] and .
Tokyo-based computer security system developer K.T.Tec Corp. and American Bank Note Holographics announced this morning the development the ‘Hologram Card’ system. The new card security system uses a special-wavelength laser combined with a dual or triple encryption method for reading and authenticating cards. The new authentication system can be used for any type of cards, from pre-paid to ATM to credit. Both firms have agreed to jointly create, in September, Holo International Technologies, Ltd. to be headquartered in Tokyo. K.T.Tec is now finalizing development of a ‘PASS Card’ prepaid card system for use in pachinko parlors throughout Japan. Cards, readers, and attendant systems are expected to be available in early 2001. K.T. Tec says with the new ‘Hologram Card’ counterfeiting and tampering are impossible since the hologram image data cannot be discerned visually. Since data is read and decoded by an algorithm downloaded from the operations server and updated daily, the system cannot be analyzed or reverse-engineered by third parties, even if the point-of-service equipment is stolen.
Dovetail Systems Inc., the provider of advanced payments processing applications and intelligent messaging solutions to the global financial services community, is continuing to attract senior industry figures by announcing the appointment of Janet F Lewis to Senior Vice President and Director of Sales.
Janet Lewis has joined Dovetail Systems after a 15-year career with S.W.I.F.T, the leading provider of secure global communications to over 6,900 financial institutions worldwide. As Senior Manager, she was responsible for S.W.I.F.T’s relationship with the Top 30 financial institutions in North America and Canada and established a reputation for creating, structuring and building global teams to provide relationship management to the world’s largest banking and securities institutions.
The appointment of Janet Lewis to Director of Sales is one of a number of high-level strategic hires for Dovetail. It follows the appointment of Kevin M Scully, ex-President of NEON and well-known professional in the financial services software arena, to Chief Executive Officer. Barry Tooker, formerly of IBM and an experienced senior technical consultant to global banks and software firms, joins Dovetail as Senior Vice President Product Management.
These three recent additions to the Dovetail team join Richard P Little, Chairman of the Board. Little, former Chairman and Chief Executive Officer of Braid Systems Ltd and current member of the board of directors at Mercator Software (which purchased Braid in 1999), has extensive experience in international financial systems markets and the management of entrepreneurial software companies.
Other members of the management team include the President and Founder of Dovetail, Bruce A Hutcheon, and Kenneth W Condal, Chief Technology Officer, who is leading development of the Dovetail Payments Systems(tm) products. According to Kevin Scully, CEO of Dovetail, “The management team we have attracted to Dovetail has many decades of combined experience in developing, marketing and supporting payments processing applications for global financial institutions. In addition, the team has worked specifically with over 80 of these institutions and their support organizations. This places us in the position of offering our clients unparalleled levels of experience and industry know-how.”
Other key additions to the Dovetail management team, in both the United States and on an international level, will be announced shortly.
About Dovetail Systems Inc.
Dovetail provides advanced payments processing applications and intelligent messaging solutions to the global financial services community. Through the use of the latest Application Server techniques, Dovetail’s unique technology dramatically improves the speed, reliability and security of the electronic transfer of funds between banks and other institutions. Dovetail continues a proud, three-decade history of delivering mission-critical payments and messaging solutions based upon the Intelligent Transaction Processing(tm) technology developed by the founding partners. These solutions include large-scale message switches and gateways, as well as funds transfer, cash management, and foreign exchange trading and netting systems. For more information, please visit: [www.dovetailsys.com]
Achex, Inc., an innovator in online payment solutions, introduced a free consumer-to-consumer (C2C) online payment service that immediately enables secure payments from existing checking accounts. Online C2C payments are debited from, and credited to the existing checking accounts of Achex users, using the Automated Clearing House (ACH) network.
The service is the first no-cost, debit-based offering that provides users with a complete, real-time transaction history and 100 percent guarantee against fraud — while offering consumers the choice to pay one another online, just as they do offline. To access the service, consumers complete a short, one-time activation procedure that links their existing checking accounts to the Achex service. Transactions are authorized using a simple username and password.
“Achex offers consumers the convenience of easy online payments via email while guaranteeing the security and integrity of every transaction,” commented Terry Allen-Rouman, President and CEO of Achex, Inc. “This Achex service is free and provides a safe, efficient way to pay anyone without the need to open and fund a new account of any kind. We expect Achex will be extremely popular among a broad range of consumers, including teenagers and college students who may not yet have credit cards, as well as the millions of Americans who still prefer using checks to pay for goods and services.”
The Achex service is the simplest and most secure C2C payment solution available. Through its bank-level security, Achex provides consumers a complete guarantee against fraud. The service leverages consumers’ existing checking accounts to route payments over the ACH network, a national electronic payment exchange used by more than 12,000 major financial institutions and 700,000 corporations. Records of payments both sent and received are listed as electronic funds transfers on members’ monthly bank statements and are also available online at a personalized “My Achex” page on the Achex site ([www.achex.com]).
Achex is currently in beta trials with merchants to expand the service offering to consumer-to-business (C2B) payments. Achex is working with leading online merchants such as CornerHardware.com, Kozmo.com, Peapod.com, 1-800-Flowers, Planet Rx and ice.com.
About Achex, Inc.
Achex, Inc. ([www.achex.com]) is an Internet payments company that facilitates simple and secure Internet payments for buyers and sellers. Achex has developed a new payment service to leverage the unique opportunities created by electronic commerce. The Achex service, based on a patent-pending infrastructure and business process, leverages the Internet and existing payment networks to transfer funds online in a simple, convenient and highly secure manner. Founded in 1999, Achex is a privately-held company with funding from Draper Fisher Jurvetson, First Data Corp., RRE Ventures, IncuBay LLC, Greyhound Crossover Fund and other investors. Achex co-founders are experts in payment systems; their experience includes designing and implementing major payments products and transaction processing architectures for major commercial banks, investment banks and credit card companies. The company’s advisory board is composed of payments experts, security experts, online merchants, venture capitalists and angel investors.
e-plicity.com, a leading mobile-commerce application developer, announced it has secured a $1 million minority equity investment from ACF Equity Atlantic Inc. in partnership with InNOVAcorp.
e-plicity.com, a leader in mobile commerce, develops business-to-business applications that enable businesses to complete financial transactions, improve dispatch capability and manage client information in a wireless environment.
“This investment enables us to continue to work towards a national commercial launch of our first product BuyLink later this quarter,” said Malcolm Fraser, President & CEO e-plicity.com. “What is also significant for e- plicity.com is that our first venture capital investment has been made by an Atlantic Canadian company which further attests the rapid growth of the Atlantic Canadian IT industry,” said Fraser.
Currently e-plicity.com is in the final testing phase for BuyLink, their first wireless application product that processes secure credit card transactions using any web-enabled device such as a cellular phone or personal digital assistant.
“e-plicity.com’s leadership in advanced wireless application development made the company a natural choice for ACF to invest,” said Dave Wilson, Vice President, ACF Equity Atlantic Inc. “With the delivery of a robust enterprise level product, e-plicity.com is poised to be a global leader in wireless e- commerce.”
e-plicity.com currently employs 16 professional IT staff. As the company prepares for the commercial launch of BuyLink later this quarter, they plan to expand to over 40 full-time professionals.
e-plicity.com () is a leading software development company, focusing on the use of wireless technologies as a means of delivering high-value business applications to a mobile environment. Its products provide the enabling technology that allows merchants to check inventory, create orders, and accept payments securely, using data-enabled cellular phones, or wireless Personal Digital Assistants. Recognized by the Branham Group as one of Canada’s Top 25 up and coming software companies (National Post Business, March 2000), e-plicity.com is poised to become a global leader in the wireless data industry.
About ACF Equity Atlantic Inc.
ACF () is a $30 million, Atlantic Canadian venture capital fund focused on helping entrepreneurs accelerate the growth of their businesses and build shareholder value through equity investment.
InNOVAcorp () is a network of critical business resources for developing technology entrepreneurs. Its core services include investment, business incubation and mentoring.
Trintech Group PLC and TANTAU, a leading developer of software and services for mobile ecommerce (m-commerce), have announced a strategic partnership to deliver an integrated mobile banking and secure ePayment infrastructure for the next generation of wireless devices.
Through this partnership, TANTAU and Trintech will provide financial services institutions and service providers with the ability to offer customers convenient payment options for wireless transactions through a secure “virtual credit card” that automatically form fills Internet merchants’ payment pages and acts as a portal to wireless ebanking services.
As part of the agreement, Trintech and TANTAU are applying engineering resources to integrate Trintech’s PayWare mAccess(TM) and PayWare eIssuer(TM) server-based products with TANTAU’s Wireless Internet Platform. With this combined technology, banks can expand their customer relationships by enabling customers to conveniently and securely conduct wireless e-commerce transactions without having to repeatedly input payment information.
Consumers first set up a virtual payment profile through their bank or financial services institution, which stores the information so it can be quickly accessed for a wireless e-commerce transaction. Using a wireless device that accesses Trintech’s mAccess, consumers can shop using a virtual credit card that resides in Trintech’s secure PayWare eIssuer. Both products from Trintech, in conjunction with TANTAU’s Wireless Internet Platform, are located at the financial institution or a trusted service provider. TANTAU’s software provides the highly scalable and secure conduit for the wireless device to access the bank’s IT infrastructure, and serves as the wireless and wired e-commerce platform.
“For financial services organizations, wireless banking and secure payment capabilities are the way to build customer loyalty and increase customer retention,” says John Sims, president and chief executive officer of TANTAU Software. “Our agreement with Trintech helps deliver on the promise of secure banking and secure mobile e-commerce for the millions of consumers that will access their banking services, including ePayment execution, via wireless devices.”
“Providing secure ePayment available on any device is a core mission in Trintech,” says John McGuire, CEO of Trintech. “By partnering with a market leader like TANTAU, we can add wireless financial services and secure ePayment. This allows banks to enjoy the substantial synergies that accrue from the combination of our joint range of wireless products.”
About TANTAU’s Wireless Internet Platform
TANTAU’s Wireless Internet Platform enables an enterprise or a service provider to integrate its wireless and wired online channels. The platform interacts with back-end applications and data sources and gives the ability to create personalized applications based on user preference. It features multiple protocol support, end-to-end security from the device to the data center, multi-platform availability, and offers critical scale and performance features such as load balancing and fail-over, and wireless session management. TANTAU’s software brings security, scalability, high availability and transaction integrity, as well as allowing a direct link between a bank and its mobile customers.
About PayWare mAccess
PayWare mAccess is a modular, server-based mCommerce payment solution that enables card issuing banks, portals/ASPs, content converters and wireless network operators to securely process card payment transactions from a variety of wireless devices, including cell phones, PDAs and set-top boxes. When deployed in conjunction with a server-based consumer payment technology, such as Trintech’s PayWare eIssuer, wireless users benefit greatly from enhanced security and “one touch” form fill of mobile commerce merchant payment pages.
TANTAU Software Inc. is a leading provider of software and services that enables enterprises to conduct high-volume, secure, mobile ecommerce transactions while maintaining direct access to their customer. TANTAU’s blue-chip customer base includes major financial institutions and stock exchanges. The company has strategic alliances with Compaq Computer Corporation, Hewlett-Packard, NEON Systems, New Era of Networks and Baltimore Technologies. TANTAU is a member of the WAP (wireless application protocol) Forum and Radicchio, the global industry consortium that promotes security for wireless ecommerce. Headquartered in Austin, Texas, TANTAU is a global company with development and sales offices around the world, including Australia, Finland, Germany, Switzerland, the United Kingdom and the United States.
More information can be found on TANTAU’s Web site at
Trintech Group PLC is a leading provider of secure electronic payment infrastructure solutions for real world, Internet and wireless transactions. The company, which was founded in 1987, offers a complete range of payment software products for credit, debit, commercial and procurement card applications. Trintech’s secure product range is deployed in over 35 countries worldwide and cover the payment requirements of consumers, card issuing banks, merchant acquiring institutions, merchants, eMerchants, telcos, wireless operators, ISPs/CSPs, Portals and large corporations. Trintech’s range of scalable, open systems architecture solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant and financial institution requirements for all card-based payments, including e-commerce and the emerging world of mobile commerce. Trintech can be contacted in the U.S. at 2755 Campus Drive, San Mateo, CA 94403 (Tel: 650/227-7000) and in Ireland at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel: 353-1-207-4000). Trintech can be reached on the Web at . Investor information can be found at .
NextCard, Inc. announced its participation in the first large-scale, opt-in U.S. trial of wireless interactive marketing and m-commerce with SkyGo, a wireless interactive marketing company. NextCard will be enabling purchases during the trial as the key component of SkyGo’s wireless Web wallet. The wireless Web wallet allows participating NextCard credit cardholders to make purchases with a single click. The wireless advertising trial, slated to start this fall, will give both companies insight into consumer adoption of m-commerce.
“NextCard is committed to providing our Internet-savvy cardholders with the most innovative tools for Web shopping, and this trial will specifically gauge their likes and dislikes with regard to m-commerce,” said Dan Springer, chief marketing officer for NextCard. “SkyGo impressed us with their commitment to understanding consumer preferences for wireless offers and protecting consumer privacy.”
NextCard will gain valuable insight from the trial about selling products, acquiring customers and building loyalty programs using the wireless Web. During the four-month trial, select Boulder, Colo., area merchants and national advertisers will deliver targeted marketing messages through SkyGo to the WAP-enabled phones of more than 1,000 participants. The trial is entirely opt-in and is focused on creating the most desirable user experience. Using a PIN, consumers will be able to make secure purchases via their mobile phones with their NextCard credit cards. Billing, shipping and account information will be maintained on a secure SkyGo server.
“NextCard’s Internet-savvy cardholders buy online five times more than any other credit cardholders, making them ideal participants in the trial,” said Daren Tsui, CEO and co-founder of SkyGo. “NextCard cardholders will provide the first U.S. feedback on consumer purchasing activity with wireless phones, and enable true, closed-loop wireless marketing.”
The importance of NextCard’s participation in this trial is accentuated by industry analysts who predict that wireless devices will be used more than PCs to access the Internet by 2003. The Yankee Group has stated that digital wireless users already outnumber Internet users worldwide and expects that number to double by 2004. Internet-enabled phone users are expected to reach 48 million worldwide by 2002, and 204 million by 2005.
NextCard, Inc. ([www.nextcard.com]), the No. 1 Internet credit card, launched in 1997 and was the first company to offer instant online credit card approval, a choice of customized credit card offers, personalized PictureCard(SM) designs and exceptional online customer service. NextCard is committed to providing the most robust consumer shopping experience on the Internet and has continued to innovate with its complete GoShopping!(SM) Web site, NextCard Concierge(SM) one-click online shopping assistant, and comprehensive rewards program.
NextCard is consistently a top ten online advertiser, operates a network of over 60,000 affiliates and has exclusive card relationships with leading brands, including Amazon.com and MyPoints.com. NextCard was named the No. 1 credit card by Gomez Advisors in 2000. It was also ranked the No. 1 credit card brand Internet consumers would consider for use according to ZDNet’s 1999 BrandIQ research study. NextCard also owns a minority stake in Flooz.com, the premier online gift currency, and PayTrust, a leading service that lets consumers receive, review, pay and organize all of their bills online.
SkyGo was founded in 1999 with the goal of creating a non-intrusive wireless interactive marketing network that is beneficial to consumers. The company provides the infrastructure necessary to target and deliver marketing messages and rewards to consumers and delivers this capability to media purchasing agencies, wireless service providers, Internet sites and credit card companies. The company is headquartered in San Mateo, Calif.