First Data Corp., a global payments leader, announced that its card issuing
services subsidiary, First Data Resources, has selected leading industry
executive François Dutray as senior vice president of global smart cards.
Dutray will lead First Data’s efforts to build a worldwide, end-to-end chip
enabled solution that supports multi-application card issuance and the
authentication, authorization and processing of transactions.

“We are confident that under François’ leadership, First Data will
continue to
lead the way in providing advanced chip technology that enables issuers to
successfully launch smart card programs,” said Eula L. Adams, senior executive
vice president of First Data Corp. and the head of worldwide card operations.
Prior to joining First Data, Dutray served as vice president and general
manager of worldwide smart card solutions for Motorola and was also
instrumental in developing a global smart card product and service strategy
Visa International. As a strong chip technology supporter, Dutray has served
on the board of directors of several European companies all instrumental in
the manufacturing, distribution and processing of smart cards.
“I’m pleased to be affiliated with a company as innovative as First Data
and am
looking forward to directing the smart card strategy,” Dutray said.

Since 1997, First Data has a built a strong infrastructure to achieve its goal
of providing advanced smart card technology to issuers and acquirers
First Data was the first U.S. processor certified by both Visa and MasterCard
to support the issuance of multi-application cards using the Java/Open
and MULTOSTM technologies. Worldwide, First Data plays an integral role in
partnering with issuing and acquiring financial institutions for chip
personalization, card issuance, card processing, and the maintenance and
validation of digital certificates. At year end 2001, First Data had supported
more than 10 million smart card accounts on file worldwide and approximately
40,000 smart card point-of-sale terminals throughout Europe and Australia.

About First Data

First Data Corp. (NYSE: FDC), with global headquarters in Denver, powers the
global economy. As the leader in electronic commerce and payment services,
First Data serves approximately 2.8 million merchant locations, 1,400 card
issuers and millions of consumers, making it easier, faster and more secure
people and businesses to buy goods and services using virtually any form of
payment. With 29,000 employees worldwide, the company provides credit, debit,
smart card and stored-value card issuing and merchant transaction processing
services; Internet commerce solutions; Western Union® money transfers and
orders; and check processing and verification services throughout the United
States, United Kingdom, Australia, Canada, Mexico, Spain and Germany. Its
transfer agent network includes approximately 120,000 locations in more than
185 countries and territories. For more information, please visit the
Web site at www.firstdata.com.


CyberSource PKI

CyberSource Corporation, a leading provider of electronic payment and risk management solutions for enterprise businesses, announced that it has enhanced its transaction processing infrastructure with the industry’s most advanced asymmetric encryption standards to provide its customers an unparalleled, highly secure and efficient electronic payment processing service.

With the recent security enhancements, CyberSource customers realize a dramatic cryptographic performance increase, reducing average transaction times by nearly 50 percent and raising payment processing capacity by more than 40 percent. CyberSource is the only payment transaction provider in the industry to enforce a highly secure public key infrastructure (PKI)-based cryptographic security model to authenticate and secure 100 percent of the transactions processed on behalf of its more than 3,000 customers worldwide. Unlike other security solutions, such as password authentication, which typically consists of only eight characters and can be compromised easily by “hackers” who guess passwords, reproduce them and/or distribute them, the CyberSource system utilizes a private key, known only by the merchant, with over 1,024 bits of data used to authenticate each transaction, making it virtually impossible to penetrate.

“It is our goal to provide merchants with the most secure payment processing infrastructure possible,” said Robert Ford, Chief Technical Officer at CyberSource Corporation. “The CyberSource Payment Service utilizes proven 1024-bit, asymmetric encryption standards to authenticate our merchants for all transactions. This authentication model is stronger and more secure than the password authentication models still employed by many payment processors and provides our customers an unparalleled level of security. And, we have implemented the technology in a highly efficient fashion, making for greater consumer satisfaction when purchasing on our clients’ web sites.”

CyberSource selected RSA Security (Nasdaq: RSAS) technology to complete the security upgrade resulting in a more efficient and secure transfer of sensitive cardholder data with its transaction customers. RSA BSAFE(R) Cert-C encryption software is used to create certificate processing and cryptographic software applications that integrate into a public key infrastructure. “RSA BSAFE encryption software is trusted the world over by developers seeking to build world-class e-security into mission critical infrastructures,” added John Worrall, Vice President of Product Marketing at RSA Security. “We are always excited to help companies recognize the type of substantial and positive results that CyberSource has seen with its customers.”

About The CyberSource Payment Solution

The CyberSource payment solution, available as an outsourced service or in-house managed software, operates behind-the-scenes to authorize and settle electronic payments through built-in connections with third-party processors and merchant banks. Developed for large enterprises with demanding needs, CyberSource payment solutions support web, call center, IVR and POS sales environments. CyberSource payment solutions integrate smoothly with major commerce platforms, ERP and CRM systems, and are designed for compatibility and interoperability with new standards and products.

Both CyberSource software and outsourced payment service options provide real-time, multiple currency support and integrate seamlessly with CyberSource’s risk management solutions, giving businesses a powerful way to protect against losses from fraud. Further, with the outsourced CyberSource payment service, enterprise businesses can rely on fast, secure, reliable, electronic payment service, worldwide, without the complexity of maintaining an in-house system.

More on CyberSource payment solutions:

[http://www.cybersource.com/solutions/electronic_payment/solutions/][1] .

About RSA Security Inc.

RSA Security Inc., the most trusted name in e-security(R), helps organizations build secure, trusted foundations for e-business through its RSA SecurID(R) two-factor authentication, RSA ClearTrust(R) Web access management, RSA BSAFE encryption and RSA Keon(R) digital certificate management product families. With approximately one billion RSA BSAFE-enabled applications in use worldwide, more than ten million RSA SecurID authentication users and almost 20 years of industry experience, RSA Security has the proven leadership and innovative technology to address the changing security needs of e-business and bring trust to the online economy. RSA Security can be reached at [http://www.rsasecurity.com][2].

About CyberSource

CyberSource Corporation is a leading provider of risk management and electronic payment solutions for enterprise businesses selling via multiple sales channels. CyberSource solutions manage transaction risk and enable electronic payment processing for Web, call center/IVR, and POS environments. CyberSource professional services designs, integrates and optimizes enterprise-wide commerce transaction systems. Over 3,000 businesses use CyberSource solutions, including over half of the Dow Jones Industrial companies. The company is headquartered in Mountain View, California, and has sales and service facilities in Japan, the United Kingdom, and other locations in the United States. For more information, please visit CyberSource’s web site at [http://www.cybersource.com][3] or email info@cybersource.com.

[1]: http://www.cybersource.com/solutions/electronic_payment/solutions/
[2]: http://www.rsasecurity.com/
[3]: http://www.cybersource.com/


Card Stocks

Morgan Stanley yesterday raised the rating on credit card issuer MBNA to a “strong buy” from “outperform.” Meanwhile, Capital One has been included in Zacks.com’s ‘Brokerage Firm Buy List’. The list includes just those stocks that currently appear on the core recommended lists of at least three of the top 15 brokerage firms. MBNA closed yesterday at $34.20 per share, not far off its 52-week high of $38.45. Capital One closed Wednesday at $48.75. Cap One hit is 52-week high of $78.58 in May. The ‘CardWeb.com 100’ stock index is down 4.6% since the start of this year. Launched January 1st, the index includes the stocks of highly focused credit card companies, card processors, card manufacturers, and other card related businesses.


Arcot & PEMCO

Arcot Systems, Inc., and PEMCO Technology Services, Inc., announced a strategic partnership. PEMCO Technology will deliver Arcot’s TransFort solution as part of its award winning PowerLink processing system for card issuing financial institutions offering the Visa Authenticated Payment service — Verified by Visa. In support of Visa’s Authenticated Payment initiative, PEMCO Technology is making Verified by Visa available to more than 225 financial institutions nationwide and, in turn, to more than 2 million cardholders. Visa Authenticated Payment is the basis for Verified by Visa, an Internet payment authentication process designed to increase consumer and merchant confidence in e-commerce by reducing fraudulent Internet transactions. The Arcot TransFort solution supports Visa Authenticated Payment and provides merchants with the ability to initiate the authentication of an online Visa transaction, resulting in lower transaction costs and offering protection from fraud losses. Arcot TransFort has been recognized as fully compliant with the 3-D Secure interoperability standard by the Visa Interoperability Lab, and has been adopted by over 20 banks around the world.

“We selected Arcot because of its clear leadership in developing solutions for the Visa Authenticated Payment Program and its history of innovation in the payment security market,” said Brad Campbell of PEMCO Technology. “This service is a clear win for our current and prospective customers. It reduces their chargeback costs, it provides a value-added service to their cardholders, and the improved security will result in a more confident and more active online shopper.”

“Bringing together PEMCO Technology’s award winning PowerLink service with our market leading TransFort solution for the Visa Authenticated Payment Program is a great combination,” said Chet Silvestri, CEO and president of Arcot Systems. “We are pleased to offer a fully compliant Visa Authenticated Payment service to hundreds of card issuers that look to PEMCO to provide card processing services.”

About Arcot TransFort

Arcot TransFort strongly authenticates and digitally signs transactions in real-time, providing for the secure, non-repudiation of online payments. Scalable to hundreds of millions of transactions, Arcot TransFort allows companies to grow the volume and value of their online transactions and provide their customers with an added level of confidence and security in the business relationship.

Arcot TransFort is a multi-platform solution capable of authenticating transactions across Web, Virtual Private Network (VPN), and wireless environments. In addition, Arcot TransFort can comply with a variety of business rules or procedures that govern online payments and support multiple authentication methods including username/password (pass-code), physical smart cards (or “chip cards”), and the ArcotID(TM) Software Smart Card. The ArcotID is a means of strong authentication based on patented Arcot technology. It offers a similar level of protection as a physical smart card, but with the convenience of software. It protects a user’s digital credentials in a tamper-proof software container. If any attempt is made to compromise the credentials, the attempt is promptly identified and the credentials are neutralized.

About Arcot

Arcot Systems, Inc., is the leading provider of authentication and access control solutions for securing e-business in Internet-scale, transactional and wireless environments. Only Arcot provides cost-effective, scalable, software-based solutions for strongly authenticating users and transactions and managing access for payment systems, B2B extranets, Web portals and virtual private networks. Arcot solutions meet the business need for strong transactional security while providing the customer a user-friendly experience with anytime, anywhere convenience. Leaders in financial services, healthcare, and e-commerce are using Arcot solutions to protect their customers’ privacy and reduce fraud. For more information, visit [www.arcot.com][1].

About PEMCO Technology Services

PEMCO Technology Services provides flexible solutions for financial institutions’ in-house Visa, MasterCard, and ATM programs. PEMCO is a technology leader, offering online authorizations via a Virtual Private Network, FTP, the latest neural network fraud tools, flexible cardholder loyalty programs, and reliability that’s won seven Visa USA awards. For more information, visit us at [www.pemcotech.com][2].

[1]: http://www.arcot.com/
[2]: http://www.pemcotech.com/


Hypercom 4Q/01

After 16 months of restructuring, Hypercom returned to profitability in the fourth quarter and beat analysts’ projections. The company reported this morning 4Q/01 net income of $1.5 million compared to a net loss in the year-ago period of $4.2 million. Net revenue was $74.5 million for 4Q/01 compared to $84.5 million in the same period a year ago. Fourth-quarter sales were below previously stated guidance of $80 million due to the company’s decision to receive product back from one of its customers for the purpose of providing additional features. During 4Q/01, Hypercom was awarded a 10,000 unit ‘ICE’ contract by Merchant Services and was selected by the CVS drugstore/pharmacy chain to deliver the ‘ICE 6000’ with value-added services. For the first quarter 2002, the company anticipates revenues of approximately $70 million and a slight loss for the quarter. For complete details on Hypercom’s 4Q/01 performance visit CardData (www.carddata.com).


Account Base Expansion

All of the nation’s top issuers expanded their customer base last year, at an average annual growth rate of 9%. Capital One led the pack with a 30% surge in net new accounts, while Bank One/First USA got a major boost from its acquisition of the Wachovia portfolio. Chase Manhattan and Providian also posted above average growth rates of 15.4% and 17.2%, respectively. Household and Citibank posted the weakest account growth among the top ten issuers. For complete EOY 2001 portfolio details on the top 350 U.S. issuers visit CardData ([www.carddata.com][1]).

1. Citibank 92.9m* 90.8m* +2.3%
2. MBNA 50.9m* 47.9m* +6.3%
3. Discover 45.7m* 42.6m* +7.3%
4. First USA 39.4m 34.6m +13.9%
5. Capital One 38.9m* 29.9m* +30.1%
6. American Express 27.1m 26.0m + 4.2%
7. Chase 24.0m 20.8m +15.4%
8. Providian 19.1m 16.3m +17.2%
9. Household 17.9m 17.6m + 1.7%
10. Bank of America 14.5m 13.3m + 9.0%
TOTAL 370.4m 339.8m + 9.0%

* Citibank includes data from Canada and Mexico; Capital One may include some
international data; MBNA includes international; Discover data as of 11/30/01;
Source: CardData (www.carddata.com) RAM Research Group’s Bankcard Barometer

[1]: http://www.carddata.com/


Credit Store Restatement

Sub-prime specialist The Credit Store revealed last night it made a mistake in calculating the value of its interests in credit card securitizations. The adjustments were necessary due to an error made in the calculation of fair market value of the retained interests, which resulted in an overstatement of assets, equity and the resulting income tax benefit at June 30, 2001. The adjustments write down the valuation of the retained interests by $4.1 million, decrease unrealized gain from retained interests in securitized credit card receivables by $2.7 million, and reverse a $1.4 million tax benefit from the original valuation. The company expects to release results for the quarter ending Dec. 31, 2001, early next week. The company’s stock is trading around 65 cents per share. Sioux Falls, SD-based The Credit Store acquires portfolios of non-performing consumer receivables and offers a new credit card to those consumers who agree to pay all or a portion of the outstanding amount due on their debt. The new card is issued with an initial balance and credit line equal to the agreed repayment amount. After appropriate seasoning, the Company seeks to sell or securitize these credit card receivables.The Credit Store, reported a net loss of $630,000 for the quarter ending Sept 30, compared to a net loss of $1.6 million for the same three month period last year. The company has 90,028 accounts at the end of the third calendar quarter, according to CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com


TSYS & Thoughtmill

Thoughtmill Corporation, an Atlanta-based provider of software design, engineering and assessment services for technology companies and enterprise organizations has been selected by TSYS to finalize requirements and provide a design to automate key customer service processes for TS2, the company’s flagship product.

TSYS, a subsidiary of Synovus Financial Corp., provides software and services for worldwide electronic payments and is the largest third-party processor of international card payments, including credit, debit, commercial, private-label, stored-value and chip cards.

TS2 is the world’s most advanced and most sophisticated payments system, serving many of the world’s largest financial institutions and retail companies. The power of TS2 makes it possible for hundreds of millions of consumers to use their payment cards anywhere, any time and through any device.

TS2 brings TSYS clients cost savings, improved customer service, unsurpassed speed-to-market and efficient workflow. “TSYS invests about $40 million a year in new developments for TS2, to make sure the system remains the gold standard for payment technology in the financial industry,” says Stephen W. Humber, group executive for application systems at TSYS. “We are continuing to improve how our clients and their customers interact with TS2, how the system delivers information and the environment in which it operates. “The TS2 enhancement project at TSYS is ideally suited to Thoughtmill and we’re thrilled to be working with another one of the top technology services companies in Georgia,” said Heath Thompson, President and CEO of Thoughtmill. “Our deep technical strength and relevant experience with financial services systems will be highly advantageous to TSYS as we work with them to address their customer-centric objectives and help them meet their time-to-market needs.”

Design of the TS2 enhancement will conclude in early 2002 at which time the project will continue with engineering, testing and deployment.

About Thoughtmill

Thoughtmill Corporation provides software design, engineering and assessment services for technology companies and enterprise organizations. We thrive on the leading edge of innovation, continually designing new technologies and applications that enable our clients to attack new markets or dramatically alter their business models. Unlike web design firms and traditional consultancies, Thoughtmill experience is rooted in the engineering methodology, architecture, user-oriented design, and quality standards of commercial-grade software systems. A sample of industry-leading companies, that turn to Thoughtmill when they have to get it right the first time, includes: IBM (NYSE: IBM), DoubleClick (NASDAQ: DCLK), Internet Security Systems (NASDAQ: ISSX), Clarus Corporation (NASDAQ: CLRS), ecPayments, AFLAC (NYSE: AFL), Roche Diagnostics, and Scientific Atlanta (NYSE: SFA).

About TSYS

TSYS ([www.tsys.com][1]) brings integrity and innovation to the world of electronic payments. TSYS serves as the integral link between buyers and sellers in the rapidly evolving universe of electronic payments. With more than 218 million accounts on file, TSYS makes it possible for millions of consumers to use their credit, debit, stored value, commercial, smart and retail cards any time, anywhere through any medium or portal. TSYS and its family of companies offer a full range of acquiring and issuing services from accepting and settling electronic payments for goods and services, to credit applications, bankruptcy and collections. Based in Columbus, Ga., TSYS processes for 23 countries, in 14 currencies, in four languages and maintains operations in Canada, Mexico, Japan, and the United Kingdom. TSYS is an 81.1-percent-owned subsidiary of Synovus Financial Corp. (NYSE: “SNV”) ([www.synovus.com][2]), No. 8 on FORTUNE magazine’s list of “The 100 Best Companies To Work For” in 2001. For more information, contact news@tsys.com.

[1]: http://www.tsys.com/
[2]: http://www.synovus.com/


Metavante Drives EPP

Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation, has launched a comprehensive adoption-marketing program to assist its Electronic Presentment and Payment clients and partners in achieving higher customer adoption rates, speed-to-market advantages, and cost-efficiencies. The program supports Metavante Electronic Presentment and Payment clients in marketing business-to-consumer, business-to-business, and electronic payment (“pay anyone”) solutions to their customer base and prospects.

Metavante now offers an array of premium-based adoption-marketing support, ranging from all-inclusive marketing planning guides to personalized consulting services, that supplies strategic, flexible, and effective marketing solutions tailored to a client’s specific marketing needs. A Metavante adoption-marketing specialist works with each client to identify adoption marketing needs specific to its organization.

“We partner with our clients to leverage their marketing resources, provide strategic direction, and assist them in integrating the promotion of their Metavante Electronic Presentment and Payment solution with current marketing initiatives – all to increase awareness and accelerate end-user adoption,” explained Nancy Langer, president and general manager, Metavante Electronic Presentment and Payment.

“We realize the critical factor employees play in the success of an organization’s Electronic Presentment and Payment service and Metavante adoption-marketing programs provide strategies and tactics for employee education, communications, and involvement,” said Langer.

According to Gartner, a leading research and advisory firm, 2001 year-end estimates show considerable growth in Electronic Presentment and Payment consumer adoption, with approximately 32 million Americans who viewed bills online, compared to 20 million in 2000.

“The number of consumers using online account management and e-bill applications will steadily rise this year to 46 million, representing 22 percent of the adult population in the United States,” said Avivah Litan, vice president and research director, Gartner Financial Services. “So far most consumer adoption has been in the credit card sector but other billers are also noting increased adoption that they expect to accelerate to about 20 percent of all bills viewed by year end 2005. According to new Gartner research, Metavante continues to gain market share in the EBPP sector with both banks and billers, and this latest adoption program will help them retain a leading position.”

Metavante Electronic Presentment and Payment adoption marketing programs are currently available for B2C solutions, comprehensive Electronic Presentment and Payment solutions that operate as a seamless extension of financial institution or biller web sites without disruption to current receivable processes; B2B solutions, complete solutions that integrate with existing biller systems to help suppliers and buyers streamline their unique business transactions; and the Electronic Payment solution, a convenient tool that enables consumers to make online payments to anyone in the United States.

“Metavante has the only complete, single-source Electronic Presentment and Payment solution in the marketplace. Nearly 40 years of industry expertise and experience clearly makes partnering with Metavante an advantage for our clients,” said Langer. “Combined with our thorough, customizable adoption marketing programs, our clients have all the support necessary to keep them at the leading edge of e-commerce technology.”

Serving nearly 2,500 clients, Metavante Electronic Presentment and Payment offers a comprehensive, fully scalable, end-to-end solution that allows companies to electronically prepare bills and statements, and enables their customers to receive them and make payments on the Internet. The Metavante Electronic Presentment and Payment solution provides billers with the industry’s leading technology to automate and streamline bill delivery, payment, and customer care processes, and with market-leading document composition software. It gives consumers a bill management service that allows them to view, pay, manage and automate all of their bills – paper or electronic – online. Metavante Electronic Presentment and Payment also delivers a powerful “pay anyone” electronic bill payment engine for businesses and consumers.

About Metavante

With more than 3,500 clients, including the largest 20 banks in the United States, Metavante Corporation is a leading financial services enabler, delivering virtually all of the technology that an organization needs to offer financial services. Metavante offers financial technology solutions that drive customer relationship management, electronic banking, electronic funds transfer and card solutions, electronic presentment and payment, financial technology services, private label banking, and wealth management. Headquartered in Milwaukee, Wis., Metavante is wholly owned by Marshall & Ilsley Corporation (NYSE: MI). For more information, see [www.metavante.com][1].

[1]: http://www.metavante.com/


FDR Signs Dunlap

Global payments leader First Data Corp. announced that its card issuing services subsidiary, First Data Resources, has signed a five-year agreement to process retail private-label cards for The Dunlap Company, a Fort Worth-based department store chain. Under the agreement, First Data will provide a full range of transaction processing and portfolio management services, including call center support, for The Dunlap Company.

“As First Data continues to expand our retail presence, we look forward to working with The Dunlap Company,” said Eula L. Adams, senior executive vice president and head of worldwide card operations for First Data. “We’re pleased that The Dunlap Company recognizes the competitive edge that First Data provides to help retailers build customer loyalty and increase profits.” The Dunlap Company, which also receives merchant processing services through First Data Merchant Services, has more than 50 stores nationwide.

“We selected First Data because of their commitment to the retail industry and the strong retail-specific functionality they offer,” said Eddie Martin, executive vice president of The Dunlap Company. “First Data’s business solutions will help Dunlap’s centralize operations and deliver robust credit options for our customers.”

About The Dunlap Company

Headquartered in Ft. Worth, Texas, The Dunlap Company is a specialty department store chain with over 50 locations throughout Alabama, Arizona, Arkansas, Colorado, Kansas, Louisiana, Maine, Michigan, New Mexico, Oklahoma, Texas and Virginia. The Dunlap Company’s department stores operate under the name Dunlaps and 16 other names.

About First Data

First Data Resources, the card issuing services subsidiary of First Data Corp., processes for 312 million accounts on file around the world. First Data Corp. (NYSE: FDC), with global headquarters in Denver, powers the global economy. As the leader in electronic commerce and payment services, First Data serves approximately 2.8 million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services using virtually any form of payment. With 29,000 employees worldwide, the company provides credit, debit, smart card and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; Western Union® money transfers and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Canada, Mexico, Spain and Germany. Its money transfer agent network includes approximately 120,000 locations in more than 185 countries and territories. For more information, please visit the company’s Web site at [www.firstdata.com][1].

[1]: http://www.firstdata.com/


Chilean Navy MasterCard

MasterCard International and Banco Edwards del Banco de Chile announced that the Chilean Naval training ship Buque Esquela Esmeralda successfully utilized MasterCard Corporate cards issued in Santiago, Chile to finance their seven-month voyage through the Asia/ Pacific region. The ship’s officers accessed funds in various ports in Peru, Mexico, Japan, Korea, People’s Republic of China, Australia, Hawaii and New Zealand. In the past, the Esmeralda had to operate as its own bank. The MasterCard Corporate cards issued to the naval ship’s top officers enabled them to access funds at various ports to pay wages and payroll for the crew as well as purchasing supplies, fuel and other requirements during the journey.

For details on this story visit The RAM Report ([www.ramreport.com][1]).

[1]: http://www.ramreport.com



Boston-based marketing firm DealJam LLC announced this week it has acquired 1-800-CREDITCARDS and has launched the Creditcards.com Web site in conjunction with FL-based sub-prime MasterCard issuer Net First Bank. The Web site, which launched February 1st without editorial content, is a collection of banner ads representing 60 credit related products. Deal Jam specializes in acquiring/marketing domain names and has been pitching its creditcards.com domain name to industry players for the past year. The company, led by Andrew Miller and Peter Hubshman, also provides direct sales and marketing as well as product distribution to its affiliates and clients through partnerships and strategic alliances which utilize direct email, online marketing, direct mail, telemarketing, as well as direct response television. The firm launched Marketvision Direct in 1995. The company is also involved with Airline Promotions, Inc., and owns and operates moviegoods.com. DealJam is also a partner with shop.com and college.com. The firm said this week it is preparing to implement its proprietary search engine placement technology to achieve a higher placement among on Internet search engines for its new credit card site. Net First National Bank charges consumers a one-time reservation fee, up to $500, which fully utilizes the credit limit of its sub-prime MasterCard. Cardholders create available credit on their accounts by making payments on the balance. There is also a $99 processing fee to establish the account, a $96 annual membership fee billed monthly to the account, and a zero interest rate on the outstanding balance. The card is issued with no credit check on the applicant. (CF Library 11/8/01)