Dallas-based Alliance Data Systems began trading Friday on the NYSE, closing at $14 per share after opening at $12.50. The company filed its IPO in March 2000 and intended to offer 20 million shares in the price range of $14 to $16 per share. However market conditions forced the company to trim back its offer to 13 million shares priced at $12 per share. The $182 million raised involved Bear Stearns, Merrill Lynch and CS First Boston. ADS had $181 million in first quarter revenue, up from $165.5 million in 1Q/00. ADS is a provider of transaction services, credit services and marketing services, including one of the largest loyalty programs in Canada.Details
Precis Smart Card Systems, Inc. announced that its annual shareholders meeting was held on June 8, 2001 at the Precis corporate offices in Norman, Oklahoma. All proposals before the shareholders were passed.
Among the matters that were approved by the shareholders was the merger with The Capella Group, Inc., a national healthcare solutions provider, with corporate offices in the Dallas/Fort Worth metro area.
The Capella Group, Inc., under the name Care Entree, markets a national healthcare membership program that provides its members with significant savings on physicians, hospitals, dentists, prescription drugs, vision care, hearing and chiropractic services. The program is targeted as an affordable solution to the over 120 million Americans who do not have health insurance or are underinsured due to high cost or pre-existing conditions. The Care Entree program is sold nationwide through an expanding network-marketing program. Sales in year 2000 exceeded $5.6 million — an increase of 337% over 1999 revenues.
The shareholders also approved the election of the board of directors, as well as the amendment of Precis’ Certificate of Incorporation to change its name to Precis, Inc.
Precis is a national membership marketing solutions company. Through its wholly owned subsidiary, Foresight, Inc., the company provides product enhancements in the form of club benefits to financial institutions, rental purchase dealers, consumer finance companies, retail outlets, employee groups and member-based associations. For more information on Precis, its subsidiaries Foresight, Inc., or Care Entree, visit [www.precis-scs.com], [www.foresightclub.com] and [www.careentree.com], respectively.
Atlanta-based Global Payments has signed a deal with PA-based goEmerchant.com to provide an eCommerce enabling product for small and mid-sized merchants. The product offers a guided, template-based package to enable merchants to quickly build an e-Commerce Web site with credit card processing through Global Payments’ network. Merchants will also be offered patented marketing and sales tools to target buyers via e-mail messages. goEmerchant.com, founded in 1995, is owned and operated by EVS Holding Company.
First Data Resources Learning and Education Services has announced the rollout of a customized, regional bankcard management program. FDR has partnered with Risk Management Resources (RMR) and the American Bankers Association (ABA) to deliver two high-impact bankcard programs this summer.
These customized management programs will be offered in Omaha, NE on July 31 – August 2, 2001 and in Wilmington, DE on August 7-9, 2001. The registration fee is $1,495.
The curriculum is specifically designed to provide in-depth knowledge and a real-world insight into critical cause-and-effect relationships regarding: * Acquiring New Accounts
* Managing Existing Accounts
* Risk Management
* Customer Satisfaction
* Revenue Components
* Third-Party Processors
You’ll learn from world-class instructors using a blend of lectures, case studies and simulations that will take your understanding of the bankcard business to the next level.
Space is limited and registrations will be accepted on a first-come basis.
Look for additional details about this unique opportunity on the First Data Client Web Site soon, or call Heather Hain at (402) 777-6552 (e-mail: firstname.lastname@example.org).Details
Official Payments Corporation announced a new business award with Volusia County, FL. Under the agreement, Official Payments Corp. will provide Volusia County with a service where taxpayers can pay their Occupational License Fees by credit card over the Internet or over the telephone system. The new Internet and telephone option for paying occupational license fees adds to Official Payments existing telephone credit card tax and fee payment service. The company also announced the launch of its new Spanish-language option to the existing English-language telephone credit card payment system. Now any county taxpayer can pay their real-estate taxes and occupational license fees in either Spanish or English by calling 1-877-587-6057 or in English over the Internet at www.officialpayments.com. The Spanish-language service is the first of it’s kind in Central Florida. “The addition of paying occupational license fees over the Internet or telephone and the Spanish selection on the telephone system gives taxpayers new options for paying their taxes and occupational licenses. These innovative services will make paying taxes and fees for occupational licenses as convenient as possible,” stated Revenue Director Bernard Kane.
Official Payments Corp. processes credit card payments for over 800 counties and municipalities and operates in 45 states. The company has contracts with eighteen state governments, the District of Columbia, as well as the Internal Revenue Service to collect income tax by credit card over the Internet and telephone. The convenience fee varies depending on the amount of the transaction. Official Payments Corp. charges taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found on the Internet at www.officialpayments.com. For example, a taxpayer who owed Volusia County $1,000.00 in Real Estate taxes would find a total of $1,035.00 on their credit card statement. $1,000.00 for the tax bill and $35.00 for the convenience fee. Another example would be if a citizen owed $30.00 in fees for an Occupational License. They would find a total of $33.00 indicated on their credit card statement: $30.00 for the tax bill and $3.00 for the convenience fee. American Express, Discover Card, MasterCard and Visa are the credit cards accepted by the program. Taxpayers using credit cards with bonus rewards programs can, depending on their card’s program, earn rewards, points, and cash-back on airline frequent flyer miles for paying their taxes.
About Official Payments Corporation
Official Payments Corporation (Nasdaq: OPAY) is the leading provider of electronic payment options to government entities. The company’s principal business is enabling consumers to pay their government taxes, fees, fines, and utility bills by credit card, via Internet and telephone. The company is unequaled in market penetration and national footprint. Official Payments has agreements to collect and process credit card payments with the Internal Revenue Service, 18 state governments, the District of Columbia, and over 800 county and municipal governments in 45 states across the United States. In 2000, Official Payments collected and processed over $925 million in federal, state and local government payments. Official Payments was founded in the San Francisco Bay area in 1996. Thomas R. Evans, the former President & CEO of the Internet company GeoCities, became Chairman & CEO of Official Payments in the summer of 1999. Mr. Evans brought Official Payments public in November of 1999, raising $80 million in its IPO on the NASDAQ national market. The company has experienced rapid and sustained growth over the past seven reported quarters in revenue, new client acquisition, and addition of incremental services to existing clients. The company’s success can be attributed to the combination of an enormous market opportunity with a highly skilled and experienced management and staff, aggressive sales and marketing, and a core competency in developing and implementing leading-edge technical systems.Details
The Hong Kong and Shanghai Banking Corporation Ltd. has selected iPIN, the e-Payments technology leader, to power its latest online payments offering. iPIN’s direct debit technology enables HSBC customers to make secure purchases at merchant web sites using their HSBC bank accounts. This innovative online payment service, iPAY@hsbc, is an extension of the online@hsbc banking service that currently serves more than 200,000 registered users in Hong Kong.
iPIN’s solution enables secure payment and transaction settlement over the Internet and provides a link between HSBC’s existing application system and its customers, using Internet browsers and online@hsbc management software. Online@hsbc users can shop at merchants participating in the venture by selecting the iPAY@hsbc icon on the shopping site to activate a separate banking related pop-up window. Customers can then settle payments for their purchases by simply entering their existing online@hsbc login name and password, and then selecting their preferred bank account from which to debit. With iPIN’s secure technology, customers’ bank account numbers and information are not passed between HSBC and the merchant, thereby protecting the customer from unauthorized access. A demonstration is available at www.dicksoncyber.com and can be viewed by clicking on the iPAY@hsbc logo.
HSBC’s system supports a single pass transaction flow that directly debits a customer’s account and provides merchant authorization in real time. Therefore, when a customer selects an account and confirms the payment, the amount is immediately debited from the customer’s HSBC account. This approach mitigates online merchants’ collection risk because the availability of funds is checked online. Additional iPIN merchant tools included in the application are easy-to-use online exceptions processing functions and a series of reporting capabilities for sales and reconciliation tracking.
Richard Kimber, head of Personal e-Business, Asia-Pacific, HSBC said, “We selected iPIN based on their flexible and innovative technology, scaleable e-Payment platform that will enable future expansion and their ability to meet our time-to-market needs.” He added, “Our online customers can now choose an even wider range of e-Payment solutions from HSBC when purchasing goods or services over the Internet.”
According to iPIN CEO Bradley Rode, “HSBC’s selection of iPIN solidifies our position as the global leader in e-Payment solutions. In Hong Kong, with over 800 million Hong Kong dollars(1) spent on B to C e-Commerce during the year 2000, the territory is ready for a payment solution that can support the rapidly growing online commerce market. iPIN’s flexible architecture enables HSBC to quickly integrate the direct debit technology and to customize the entire payment experience for their customers, giving the Group a significant advantage in offering a comprehensive payments solution. We are pleased that a global financial services leader, such as HSBC, shares our vision and commitment to superior e-Payment technologies.”
“The initiative between iPIN and HSBC establishes a frontrunner position for both parties in defining a global payments network. What they are creating is an e-Payment model for banking, as well as an evolutionary opportunity for merchants and financial institutions worldwide. Expanding the types of source accounts which can be used for online purchases addresses consumer demand for convenience, security, and multiple payment options, leading to increased customer satisfaction with the overall buying experience and driving bank and merchant loyalty,” stated Ian Rubin, director of Online Financial Services research at IDC.
(1) AC Nielsen, eFinance Report, 2000
iPIN (www.ipin.com) is the leading provider of global e-payment technologies to financial institutions, telecommunication providers, and merchants. iPIN enables its partners to offer modular payment products to support B2C, B2B and person-to-person applications in both the wireless and Web environments. iPIN enables users to easily and securely pay for Web and wireless purchases using existing financial relationships, such as bank accounts, credit cards, debit cards, ISP and wireless bills, pre-paid accounts, and cash. Customers include British Telecom, France Telecom, Club Internet, and Internet Gold among others. For further information, contact in the U.S. Rhonda Motil, +1 650-272-3770, (email@example.com); in Asia, Raymond Chu, + 852-2887-7827, (firstname.lastname@example.org); in Europe, Marc Kawam +33 1 58 56 72 03, email@example.com, or visit the website www.ipin.com.
The Hong Kong and Shanghai Banking Corporation Limited is the founding and principal member of the HSBC Group (www.hsbc.com) which, with over 6,500 offices in 79 countries and territories and assets of over US$673 billion at 31 December 2000, is one of the world’s largest banking and financial services organisations. HSBC is a leading provider of financial services online with about 2 million registered personal bank customers worldwide. In Hong Kong, HSBC is the largest provider of online banking with more than 200,000 customers registered since the launch of online@hsbc in August 2000. Together HSBC in Hong Kong and its subsidiary Hang Seng Bank have about 80 per cent market share of registered Internet bank users in the territory (AC Nielsen). With less than 12 months offering Internet banking, online@hsbc is recognised as one of Asia’s best online offerings having received numerous industry awards and accolades, including `Best B2B Internet site’ and `Best Entry by a Brick-and-Mortar Company,’ by Internet World Asia Industry Awards, `Best Websites’ in 2000 by Asiaweek, `Best of eCommerce’ from IDN and `Best Banking/Finance/Insurance Website’ by JP Morgan/FIA Best Asia Corporate Website Award.Details
BlueSuit, Inc., a national provider of brokerage and related financial services to community financial institutions, announced that STAR Financial Network, is now operational and open to accept accounts from the public.
BlueSuit licensed the exclusive use of the STAR brand from Star Systems, Inc. within the United States to create and deliver online financial services via the STARfn platform at starfn.com. “The Web site is functioning; the Investment Center is staffed with fully trained and licensed representatives to take customer calls; the interactive voice recognition (IVR) is operational; Investec is ready to accept and fill orders; and our back office accounting system and operations group is trained, equipped and ready to support activity,” said William Alberth, president of BlueSuit Securities, a business unit of BlueSuit, Inc. “Everyone without exception has invested substantially of themselves for STARfn and we take great pride in our collective accomplishment.”
! STARfn provides community-focused financial institutions the ability to offer customers investment products, extending the institution’s brand and service offering. The first STARfn deliverable is Internet-based brokerage and investment services. Benefits of STARfn include high quality, competitive offerings, fee income sources, turnkey marketing and superior service.
STARfn provides STAR member institutions the ability to add to their line of product and service capabilities, thereby enhancing customer relationships. STARfn online delivery facilitates expanded product and service offerings in a complete solution that encompasses marketing and technology. “Customers want simplicity, choice, and access to local, friendly support,” said Ryan Lanham, CEO of BlueSuit. “They want to be able to understand their financial world and make their own decisions. They want their money to be safe and have access to cash and credit when they need it. They want to get out of the call center maze that every life decision seems to demand. We realize that these are reasonable demands, and we have the solution to meet them through STARfn.”
“BlueSuit is providing an outstanding solution to consumers in a time where other online brokerage firms are closing up shop,” said Bob Vosburgh, president of BlueSuit Sales and Marketing, a business unit of BlueSuit, Inc. “It is imperative for the financial industry to realize that consumers look to trusted financial institutions, now more than ever, for convenience and personal service, and by expanding a product line through STARfn, an institution further establishes itself as that trusted partner. The STAR name evokes a sense of trust and security, and now through STARfn, institutions can further leverage that same trust beyond the ATM and point-of-sale.” Alberth added, “Now bring on the public!”
About STAR Financial Network(SM)
The STAR(SM) Network processes more than two billion transactions a year, through nearly 600,000 participating ATMs and retailer locations such as grocery stores, gas stations and discount stores. Its primary service area encompasses the District of Columbia and 22 states coast-to-coast. The Concord EFS/STAR merger added another eight states to the primary service area from the MAC primary network. STAR is an innovative market leader in electronic payments, real-time transaction services and other services including fraud protection, online check verification, online check electronification and e-commerce payments. STARfn is a wholly owned subsidiary of BlueSuit, Inc. STARfn is a member of the National Association of Securities Dealers (NASD), and the Securities Investors Protection Corp. (SIPC). BlueSuit and STARfn receive support from Star Systems, Inc., Headstrong and Kemper Mutual Insurance Company. For more information on STARfn online brokerage or questions regarding business-to-business or business-to-consumer, call BlueSuit Sales and Marketing at 1-877-482-8338, visit the Web site at www.starfn.com or e-mail firstname.lastname@example.org. If you are interested in signing up directly please call the ISC number at 1-888-527-9922.
About BlueSuit, Inc.
Founded in 2000, BlueSuit, Inc. partners with community financial institutions to offer brokerage and related financial services online. Through its partnership with STAR Systems, Inc. (STAR)(SM) and its acquisition of Minneapolis-based Online Brokerage Solutions (OBS), BlueSuit enables financial institutions to extend their brand(s) to attract, retain and optimize customer relationships without making a significant investment in infrastructure, technology or marketing. BlueSuit markets this offering both directly and through value-added resellers (VARs). For more information about BlueSuit VARs, contact Bob Vosburgh at (952) 746-5910. If your institution is interested in signing up for the STARfn solution via financial institutions with implementation time of under 30 days, contact Ron Commins at (952) 746-5914 or at email@example.com. For more information about BlueSuit, Inc. visit the company’s web site at [www.bluesuit.com].
GLOBAL Communication Technologies, Inc., a software application developer focusing on prepaid services, and CML Versatel, a manufacturer of next-generation programmable switches for application developers, have announced a partnering agreement to integrate GLOBAL’s debit card application software with CML Versatel’s TotalAgility Services Convergence Switch, the SCS4000.
GLOBAL’s prepaid application provides service providers with a full set of customizable debit card features, while CML Versatel’s switch provides a fully open and programmable converged services switch. The partnership provides an evolutionary path for traditional services to be seamlessly migrated onto the converged network.
! “In the changing telecom environment, we need to provide our customers with a very flexible, low cost, carrier-grade alternative for implementing prepaid services,” said Paul Lewis, Vice President of GLOBAL. “Our alliance with CML Versatel is the key step to providing extremely cost-effective, scalable solutions for customers who wish to port their applications to a next generation infrastructure programmable switch. By migrating our current switching applications onto CML Versatel’s platform, we are now able to offer a very competitive solution to our customers using a platform that leverages “best-of-breed” technology.”
CML Versatel’s TotalAgility(TM) Platform is a fully open, carrier-grade, highly scalable, programmable switch. Unlike traditional proprietary solutions, CML Versatel’s standards-based system provides a user-friendly application development environment combined with the latest industry advancements which speeds time-to-market for application developers.
Housed in a standard cPCI chassis, the SCS4000 integrates 3rd party “best- of-breed” components in a single platform for delivering enhanced services for both TDM and VoIP networks. The TotalAgility(TM) Platform has a no single point of failure architecture and features high-density cards, such as the Sweet16 T1 card with 16 T1s per card and the SweetIP processor card with 512 VoIP channels per card, for extremely powerful and versatile solutions.
GLOBAL’s debit card application can be rapidly deployed and integrates seamlessly with existing infrastructures and equipment, minimizing service providers’ capital investment payback periods. It also allows for quick configuration changes and has the programmability to support service differentiation. Features include a powerful web system management tool for remote manipulation of debit balances, rate tables, recharges, expiration dates, call history routing and switch provisioning.
“We are impressed with GLOBAL’s s layered software approach, which provides insulation to higher layers from the details of the lower layer. This allows them to quickly develop applications by extending the relevant layers,” said Eric Jobidon, General Manager of CML Versatel’s newly opened “Expert Solution” Center in Plano. “This is a very similar approach to our middleware. Our middleware insulates application developers from the details of signaling and call control thereby simplifying the development process.”
GLOBAL’s prepaid application will be showcased this week at Supercomm 2001 in CML Versatel’s booth No. 1750.
About CML Versatel Inc.
CML Versatel, Inc. is a spin-off from CML Technologies Inc., a leading supplier of telecom switching systems for more than 20 years for the Enhanced 9-1-1, Mobile Radio Dispatch and Air Traffic Control markets. CML Versatel was formed in 1998 to address the growing worldwide market for open programmable switching platforms.
The TotalAgilitya SCS4000 is a fully open, carrier-grade, highly scalable programmable switching platform based on CompactPCI technology. The platform was developed specifically to address the needs of application developers, OEM suppliers, systems integrators and service providers in the worldwide AIN and CTI telecom markets. TotalAgility(TM) is built for next-generation telephony applications that require extremely versatile, reliable, and open platforms.
For more information on CML Versatel and its products, visit the web site at [www.cmlversatel.com] , call 1-877-CML-VERS, or e-mail us at firstname.lastname@example.org.
About GLOBAL Technologies Communications, Inc.
GLOBAL Communications Technologies, Inc., headquartered in Dallas, Texas, is a full-service, turnkey developer and solutions provider of Tandem and Call Center telecommunications products and services. The GLOBAL family of switching system (GSS) platforms also include mission critical international gateway platforms which provide basic CLEC functionality, debit card and international callback services along with SNMP management within the same platforms.
For more information on GLOBAL Communications Technologies and its products and services, visit the web site at [www.globaltech-us.com].
San Diego-based Global Axcess Corp. announced this morning it has signed a letter of intent to acquire FL-based Nationwide Money Services. NMS is an owner-operator of more than 1,000 non-bank ATMs throughout the USA and provides ATM network services, enterprise software and products through its national sales force and its wholly owned subsidiary, EFT Integration. The company is a subsidiary of Cardservice International and First Data owns 50 percent of NMS. Last year NMS logged $10 million in revenues.Details
Experian has been named by Visa U.S.A., the largest payments system in the United States, as one of the vendors supporting the Visa Payer Authentication Service.
Experian’s e-series Authentication Solutions will help Visa provide real-time authentication of consumers registering their Visa cards as part of the new Payer Authentication Service. The Visa Payer Authentication Service, part of Visa’s Secure Commerce Program, is designed to reduce the risk of unauthorized use of a cardholder account and make Internet shopping better and safer for both buyers and sellers on the Web. The service enables card issuers to verify a cardholder’s identity to a merchant through the use of a password during the virtual checkout process. Authentication Solutions, part of Experian’s e-series, provides consumer verification as passwords are established — before the consumer starts shopping.
“Experian’s e-series provides just the right level of authentication for this new service. In order to keep the process seamless for users, we needed authoritative authentication up front — that way the consumer isn’t going through an authentication process over and over. Once they’ve gone through e-series Authentication, they have their password and that’s all they need as they shop from site to site with participating merchants,” said Jim McCarthy, senior vice president at e-Visa, a division of Visa U.S.A.
“Once consumers go through the initial authentication process, they can shop online easily — protecting their own credit by participating in a program that makes it more difficult for fraud to occur.” “Businesses need to minimize the risk of fraud and maximize their customer relationships; consumers need to feel secure in providing their personal financial information online and establishing a long-term relationship with the business,” said Scott Worthem, vice president and general manager, Experian e-series.
“Using e-series Authentication Solutions will help Visa manage this program that’s a key step in increasing the trust relationships between the e-business and the consumer.” Experian is an information solutions company. It uses the power of information to help its clients target prospective customers, manage existing customer relationships and identify opportunities for profitable growth. Through its Web-based products and services, Experian enables its clients to conduct secure and profitable e-business. Experian is a subsidiary of The Great Universal Stores PLC and has headquarters in Nottingham, U.K. and Orange. Its 12,000 people support clients in more than 50 countries. Annual sales are about $1.5 billion.
For more information, visit the company’s Web site at www.experian.com.Details
Equifax is expected to announce this morning a major investment in a startup software vendor to accelerate the time frame to deliver large prospect lists to credit card issuers. FL-based Seisint specializes in software providing high speed analysis of very large databases which will also enable Equifax to deliver more narrowly defined mailing lists. It generally takes Equifax about 15-18 days to produce a large list, however with the new Seisint technology the time frame will be reduced to less than a week. Equifax will initially invest $5 million in the startup. However, Seisint could receive as much as $100 million from Equifax over the next five years if certain performance targets are met under a revenue sharing agreement. Current investors of Seisint include Accenture Technology Ventures, EMC Corporation and BankAtlantic.Details
Mosaic Software and GE
Capital Global Consumer Finance announced an initiative to provide GE Capital
Global Consumer Finance storecard holders in the UK with cash access through
ATMs. The pilot is powered by Mosaic Software’s leading edge Electronic Funds
Transfer Platform Postilion.
GE Capital Global Consumer Finance is a leading worldwide supplier of
consumer credit and insurance services. It is one of the largest private
label storecard operators in the UK with clients such as Debenhams and House
of Fraser and also offers selected personal finance products and credit cards
to its customers.
“This new business trial is another example of our commitment to enhance
the services we offer clients and customers alike,” explains Stewart MacPhail,
Marketing Director, GE Capital Global Consumer Finance. “By offering a cash
withdrawal facility through ATMs, we are providing customers with flexible
access to an alternative source of cash should they need it.”
Customer cash withdrawal transactions are routed from the ATM to the LINK
switch and from there to GE Capital Global Consumer Finance (UK) where
Mosaic’s Postilion performs full verification and authorization of those
transactions. The flexibility of the Postilion system to easily add new
functionality has enabled GE Capital Global Consumer Finance to achieve a
rapid time to market with this new customer service.
“Mosaic is continually recognized for its ability to deliver mission
critical solutions in the increasingly competitive EFT market place,” comments
Stevi Lowmass, General Manager, Mosaic Software UK Ltd. “Our involvement in
the GE Capital Global Consumer Finance pilot is yet another example of
Mosaic’s ability to efficiently provide highly effective EFT solutions to blue
chip, global corporations.”
About Mosaic Software
Mosaic Software is a leading edge provider of electronic funds transfer
(EFT) software for consumer-generated electronic transactions, and is the
market leader for web-enabled ATM and prepay software solutions. The company
is held by strategic partners GE Equity and Comparex Holdings, and Mosaic
management. With offices in the USA, a European office in the UK, South
Africa and Australia, Mosaic has a strong global presence. The company is
firmly established in the financial services industry and its EFT solutions
drive operations in a large number of multinational companies and industry
leaders around the globe. Clients include financial institutions, retailers,
Internet service providers, card issuers, telcos, data processing service
providers and some of the foremost players in the emerging online industry, in
the USA, Latin America and the Caribbean, Europe, Australia, the Middle East,
Africa and the Asia-Pacific region.
Mosaic’s family of products, named Postilion, is a comprehensive software
solution designed to effectively handle the transaction delivery and
authorisation requirements of every aspect of the EFT arena. Worldwide,
Postilion is used for ATM Processing/Monitoring, EFT Switching and Routing,
Point-of-Sale (POS), Credit/Debit Card Processing, Internet/Call Center
Payment Authorisations, Prepayment, Internet/Home Banking and Mobile Commerce
applications. Operating as the first fully-fledged EFT switch running on
Windows NT/Windows 2000, Postilion is live in more than 500 installations
Mosaic Software clients include 7-Eleven (US), American Express (US),
Retail Decisions (UK), Calypso (Canada), Transaction Network Solutions (UK),
Luottokunta (Fin), Innoventry (USA), Echo (USA).
More detailed information about Mosaic Software can be obtained by
accessing the Web site at http//www.mosaicsoftware.com.
GE Capital Global Consumer Finance
GE Capital Global Consumer Finance is one of the leading worldwide
suppliers of consumer credit and insurance services. It is one of the largest
storecard operators in the UK with clients such as Debenhams and House of
Fraser and also offers selected personal finance products and credit cards to
GE Capital Global Consumer Finance is a GE Capital company, a global,
diversified financial services company with assets of approximately
$370 billion. A wholly owned subsidiary of General Electric Company, GE
Capital, based in Stamford, Connecticut, USA, provides equipment management,
mid-market and specialised financing, speciality insurance and a variety of
consumer services, such as car leasing, home mortgages and credit cards, to
businesses and individuals around the world. GE is a diversified
manufacturing, technology and services company with operations world-wide.