VISA Gets Reel (), the leading online movie store, and subsidiary of Hollywood Entertainment, Corp. announced a strategic partnership with Visa U.S.A., the world’s leading payment system.

As part of the agreement, will deliver a variety of exclusive promotions to the 600 million Visa worldwide cardholders through Visa’s 21,000-member financial institutions. In exchange, Visa will receive preferred status and prominent branding throughout the site and will be the default payment card on the site’s checkout page.

In addition, is the featured shopping partner at the Visa web site () during the Visa Valentine’s Day Promotion.

“ is pleased to partner with a leading payment system that gives added credibility and security to our online store,” stated Julie Wainwright, chief executive officer of “Through this partnership, millions of Visa cardholders will be won over by’s large selection, expert information, and unbeatable low prices.” will design promotions exclusively for Visa cardholders, such as discount coupons, free videos, and much more. These offers will be distributed via the Visa Member banks throughout the year.

“Visa’s partnerships with leading online destinations, such as, are accelerating the adoption of e-commerce by introducing millions of consumers to the exclusive benefits and compelling experience of online shopping,” said Liz Silver, senior vice president, Advertising, Visa U.S.A.

Visa is a key player in the world of electronic commerce with a ready-made payment solution for the Internet. Visa’s electronic payment systems link consumers and merchants on the Internet, providing secure ways to pay that are as safe and easy in the virtual world as they are in the physical world. Today, Visa is the preferred method of payment for more than half (51%) of people shopping online.

About, Inc. ( and AOL Keyword: REEL) is the leading Internet-based movie store offering over 100,000 VHS and 2,300 DVD titles for sale. also features proprietary editorial content to help customers select movies. The staff of writers for the site includes film school graduates, video store veterans, screenwriters, and scores of other film experts.’s current Internet partners include Excite, @Home Network, Chicago Sun Times, E! Online,, Turner Home Entertainment, TV Guide Entertainment Network, and Yahoo! was named the “Best Place to Buy Videos” by Yahoo Internet Life magazine. is a subsidiary of Hollywood Entertainment, Corp. (Nasdaq:HLYW), dba Hollywood Video, the second largest video store chain in the United States, with over 1,100 stores in 42 states.

About Visa

As the World’s Best Way to Pay, Visa is the leading payment brand and the largest consumer payment system worldwide with more volume than all other major payment cards combined. Visa plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions and their cardholders. Visa has more than 70 smart card programs in 33 countries and on the Internet, with 23 million Visa chip cards, including over 8 million Visa Cash cards.

Visa is pioneering SET Secure Electronic Transaction(TM) programs to enable and advance Internet commerce. There are more than 620 million Visa-branded cards, which generate over US$1.2 trillion in annual volume. Visa is accepted at more than 15 million worldwide locations, including at over 450,000 ATMs in the Visa Global ATM Network. Visa’s Internet address is [][1].


Bank One Breaks $70 Billion

Bank One announced this morning that managed card loans ended 1998 at $70,027,000,000. Average managed credit card loans were 15% higher in the 1998 fourth quarter than one year earlier and included the positive impact of the acquired Chevy Chase portfolio. On an end-of-period basis, balances in the VISA/MasterCard portion of the credit card portfolio, which represents 99% of credit card loans, were up 21%. Bank One’s First USA also added a record 2.9 million new accounts in the 1998 fourth quarter.  Cardholders at year-end totaled 56.6 million, down from 57.2 million at the end of the third quarter, the net change related to a joint venture established for the private label business.Net chargeoffs at year-end for managed card loans stood at 4.79% compared to 5.91% one year ago. Delinquency (30+ days) logged in at 4.47% on Dec. 31 compared to 4.90% for Dec. 31, 1997. For complete 4Q/98 earnings report for Bank One visit CardData ([][1]).


Honored Fans

VISA and the Pro Football Hall of Fame will honor the 31 “Greatest NFL Fans” in new VISA ‘Hall of Fans Exhibit’ next week. On Jan. 19, the 31 die-hard fans will be honored in Canton, OH, for the first time in NFL history. On hand for the ceremony will be NFL legend, Hall of Famer and VISA ‘Hall of Fans’ spokesperson Art Donovan. VISA and the Pro Football Hall of Fame conducted a nationwide search for the most dedicated fans. Selected by a panel of judges from the Hall of Fame, NFL and Visa, these ultimate fans are among the most loyal, knowledgeable and enthusiastic in pro football.


CyberMark unveiled its ‘SmartWorld Partnership Program’ in an effort to expand the company’s linkage of industry leaders in the development, delivery and support of smart card solutions for corporate and college campuses. Microsoft, Gemplus, First USA, and PTI/ICL have joined the program. The ‘SmartWorld Partnership’ combines the offerings of key smart card applications and service providers with the sales and support of CyberMark’s ‘SmartWorld’ smart card platform.  SmartWorld is CyberMark’s multi-application smart card platform that operates at more than fifteen communities across North America.  More than 400,000 cardholders can use their CyberMark smart card for cashless purchases anywhere they see the ‘SmartWorld’ logo. First USA said it joined the partnership following a successful rollout of this blended technology with CyberMark at Florida State University.

Shell Card Sale

Associates First Capital reached an agreement last night to acquire and manage the Shell proprietary credit card program. The Shell portfolio consists of approximately $272 million in receivables and about 2.3 million active cardholder accounts. Terms of the deal were not revealed. The Associates, will become the issuer, processor and servicer for the both the Shell and Texaco private label card programs, including commercial cardholder accounts. The Associates previously acquired the Texaco portfolio.The company ranks first in the gasoline proprietary credit card market with approximately 7 million active accounts.

Triple Trip Miles

Travelers earn triple the miles for every dollar spent during the introduction of the ‘TripMiles Reward Program’. The new program allows travelers to earn miles each time they purchase airfare on using their VISA card. The triple miles promotion will run through Jan. 31. Later this month, travelers can begin tracking their account balance online and converting this award into frequent flyer miles with participating major airlines. is based in Denver.

GlobeSet * Oki

GlobeSet announced Monday it will provide server-based ‘SET’ and e-debit payment solutions to strategic partner, Oki Electric Industry Co. Ltd., for an electronic commerce shop-and-buy pilot in Japan to be piloted this month. The goal of the pilot will be to evaluate security and convenience of a server-based payment solution processing ‘SET’ and e-debit payments, and test interoperability between the server-based payment solution and conventional SET payment systems. The pilot will be conducted in conjunction with the Japan Information Processing Development Center.

Intercept Endorsement

The InterCept Group announced that the Georgia Bankers Association has entered into a joint marketing agreement with InterCept Switch, known as “The Surcharge Free Network.” The agreement becomes an endorsement of InterCept Switch for the GBA’s 382 members. The InterCept Switch was introduced in mid 1997.

Breaking Into U.K.

Euronet Services Inc. announced Friday it will install ATMs in off-bank locations throughout the United Kingdom following the signing of an agreement with the British bank Woolwich plc. Under the terms of the deal, the ATMs will be installed by Euronet in selected locations with Woolwich plc. Cardholders will be charged a convenience fee of 1 British pound sterling for each cash withdrawal.  Euronet also signed a real-estate agreement with Spar supermarkets to place ATMs in certain Spar locations. There are 70 million ATM cards in U.K.. Euronet also reported Friday that transactions over its network grew 19% in December to nearly two million. As of Dec. 31, Euronet was operating 528 ATMs in Hungary, 425 in Poland, 197 in Germany, 68 in Croatia, 50 in the Czech Republic, two in France and one in the U.K.


Total System Services reported yesterday that net income for 1998 increased 15.5% to $54.8 million on 1998 revenues of $396.2 million. TSYS says for the first time in the history of its Year 2000-compliant cardholder system, TSYS is processing a majority of its accounts on ‘TS2′. At the end of the fourth quarter of 1998, TSYS was processing approximately 62 million of its 117 million accounts on file on TS2.  The conversion of the Universal Card Services’ accounts to ‘TS2′ was completed in the fourth quarter of 1998. Also during the fourth quarter TSYS acquired the Partnership Card Services unit from Columbus Bank & Trust and as of Jan.1., the new unit became part of TSYS’ wholly owned subsidiary, TSYS Total Solutions, Inc. TSYS projected yesterday that by the end of 1999, the company will increase its accounts on file to approximately 190 million with the conversions of the card portfolios of Sears, Canadian Tire and Royal Bank of Canada.

Super Bowl Spots

VISA and BBDO New York are currently developing two new 30-second TV spots to premiere during Super Bowl XXXIII on Jan. 31.  VISA said Thursday this marks only the second time it will break two new spots since the company began advertising during the Super Bowl in 1994. The two new VISA spots are scheduled to air during the first half of the game. VISA’s 1998-99 NFL integrated marketing program includes title sponsorship of the FOX Halftime Report, NFL-themed advertising, member-supported national consumer promotions, retail tie-ins, league support, charitable contributions and a new fan exhibit at the Pro Football Hall of Fame entitled “Visa Hall of Fans.”

US Airways Card Beefs-Up

Beginning now, corporate air travelers can enjoy enhanced benefits and a wider range of travel information capabilities with the new US Airways Air Travel Card.

The Air Travel Card, which has always offered such benefits as:

–the ability to pay for all airline travel using only one credit card,

–worldwide card acceptance,

–no initial deposits, annual fees or extra card charges,

–cardless accounts to ensure against unauthorized use, and

–$200,000 worth of travel insurance at no charge,

now has been enhanced to include the following benefits for cardholders:

–management reports to summarize travel patterns and itemize costs,

–simplified record-keeping, payment and cost accounting data,

–customized billing statements to detail and track airfare expenses,

–flexibility to choose how and when to receive monthly billing statements, as well as the number of statements to be received, and the

–ability to receive billing statements electronically. US airways is one of 27 airlines throughout the world that issues the Air Travel Card, which is now accepted by more than 200 airlines worldwide.

There are many ways to contact US Airways.  For additional information on the US Airways Air Travel Card, call US Airways at 800-528-3819 or email them at [[email protected]][1].  Information is available about US Airways flights by contacting your professional travel consultant or calling US Airways at 800-428-4322.  You can also visit their Web site at [][2].

[1]: mailto:[email protected]