Citigroup launched this morning a small business enterprise portal named Bizzed.com. The new web site is designed for entrepreneurs and small businesses of 100 employees or fewer, helping them to define and attain their own success by putting big business resources at their disposal. Bizzed.com provides, capabilities, connections and integrated business services to meet a full range of everyday needs and long-term opportunities. e-Citi designed Bizzed.com to provide a full range of support including e-commerce capabilities, payroll and electronic banking, credit card processing, postal services, financial services like insurance and retirement plans, marketing and advertising support, and the procurement of a whole range of business services at big business discounts.Details
eCredit.com and Fair, Isaac announced this morning an alliance to integrate Fair, Isaac’s ‘CrediTable’ and ‘Small Business Scoring Service’ scoring models with eCredit.com’s web-enabled suite of enterprise credit management and real-time financing solutions. The integration of these offerings means organizations in a variety of industries can use eCredit.com’s software products to implement business-to-business processes that leverage the power and flexibility of Fair, Isaac’s ‘CrediTable’ and ‘SBSS’ scoring models. In conjunction with eCredit.com, the Fair, Isaac products offer customers the flexibility to incorporate empirically derived, pooled-data models during the credit approval process. As a result, complex credit decisions that once took anywhere from several hours to several days to complete can now be performed in less than one minute with the integrated solution from eCredit.com and Fair, Isaac.Details
The Smart Card Forum announced Friday that its strategic direction for the year 2000 will include a new work group focused on the application of smart cards, public key infrastructure, digital certificates, digital signatures, and other ID and authentication related technologies. The SCF says it envisions authentication and ID requirements for electronic commerce will be strong drivers to the use of smart cards. The first meeting of the ID and Authentication Work Group will be at the forum’s fall quarterly meeting, to be held in Tempe, AZ from Nov 8-11. Entitled “ID and Authentication 2000,” the meeting includes educational sessions and talks from industry leaders, along with the first work group session.Details
Capturing all the excitement and tension of Ryder Cup competition, the decisive match between Germany’s Bernhard Langer and America’s Hale Irwin, which went down to a putt on the final hole of the 1991 event at Kiawah Island, S.C., was selected as MasterCard’s “Priceless” Moment in Ryder Cup History by a panel of golf media nationwide.
With the outcome of the Ryder Cup still in doubt, Irwin hit his approach to the final green wide to the right. The American chipped, then putted to within one foot. After conceding Irwin’s bogey putt, Langer sent his 45-footer six feet past the hole, setting up a dramatic final par putt, which he missed, halving the match and returning the Ryder Cup to the U.S. (14.5 – 13.5) for the first time since 1985.
Jack Nicklaus’ classic display of sportsmanship, conceding Tony Jacklin’s two-foot putt at the 18th hole at Royal Birkdale in 1969 finished second in the Priceless Moment voting, followed by Sam Torrance’s dramatic 18-foot birdie at the Belfry in 1985 to end Europe’s 28-year Ryder Cup drought.
MasterCard, an official sponsor of the PGA Tour and PGA of America, asked golf journalists nationwide to select their top three moments. Points were awarded on a 5-3-1 basis. The 1991 Langer-Irwin battle received 54% of the vote. Nicklaus’ moment was next with 37%, followed by Torrance’s birdie at 35%.Details
Home Account unveiled Canopy Central last week, a brandable, web-based finance channel that allows any financial services company to deliver financial services, news feeds, weather, financial market data and other customized, value-added content and services through a single location on the web. The first release of Canopy Central, which is fully brandable for any institution, offers robust transactional Internet banking services through Home Account’s popular Canopy service platform. It also provides the services and content offered by most sophisticated Internet portals, including integrated weather information, financial calculators, news feeds, market data, stock quotes, and stock portfolio tracking.Details
Bank of America announced this morning it has reached an agreement with billserv.com, Inc. for electronic bill presentment and payment services. billserv.com’s biller customers now have the ability to securely present bills to Internet online banking customers at Bank of America’s web site. The bank currently has more than 1.6 million online banking customers. Since late March, the Bank of America bill presentment feature has allowed participating customers in California to receive and pay bills electronically. Billers, such as Sallie Mae, rely on billserv.com to create and deliver electronic bills on their behalf.Details
Total System Services, Inc. officially opened the first phase of its TSYS Riverfront Campus Friday with a ribbon-cutting ceremony, ending 24 months of development on schedule and on budget.
The TSYS Riverfront Campus — located at 1600 First Ave. on the Chattahoochee River in downtown Columbus — will consolidate almost three-fourths of the TSYS team from multiple locations in Columbus and concentrate operations in four primary facilities for improved efficiency, productivity and communications. TSYS also operates offices in Atlanta, Ga.; Jacksonville, Fla.; Toluca, Mexico; Welland, Ontario; with representatives in Chicago; Norfolk, Va.; Phoenix, Ariz.; Mexico City, Mexico; and London.
“These facilities represent a major milestone in the history and growth of our company,” said TSYS Chairman and CEO Richard W. Ussery. “Every decision was made with the highest commitment to good stewardship. Every detail clearly reflects our values of putting people first and providing superior service for our clients. I’m grateful for our development team’s tireless efforts to create one of the finest, most efficient working environments in the Southeast, a place where people are eager to come to work every day, and a place where clients can come to find their solutions.”
More than three-fourths of the vendors and subcontractors who assisted with the development are based in the Columbus area. The 540,000 square feet of office and conference space will accommodate more than 2,750 team members. Team members selected colors and designs for wall and floor coverings throughout the buildings, and even chose their favorite furniture and workstation configurations. Every workstation has a window so every team member can enjoy views of the river and landscaping.
Other campus amenities include: the TSYS Riverfront Cafe, with seating for 700, an incredibly diverse menu, private dining rooms, shaded patio seating, televisions and a baby grand player piano; a fitness center, which will house weight-lifting and aerobic apparatus, showers, lockers and access to the Chattahoochee Riverwalk; a lactation center for nursing mothers; the Total Banking Center, a full-service branch office of Columbus Bank and Trust Company located on site with two ATMs and representatives from Synovus Securities and Mortgage Lending; a company convenience store, dry-cleaning satellite, periodical library, lounge and game room; hair styling and manicures from Cuts By Us; travel services offered by Columbus Travel; an auditorium that features the most sophisticated sound, projection and interpretation systems available; and Georgia’s largest Windows NT network outside Atlanta. Construction of on-site childcare facilities will begin in early 2000.
TSYS is one of the world’s leading information technology processors of data, transactions and payments for domestic and international issuers of credit, debit, commercial and private-label cards. TSYS’ sophisticated systems offer online accounting, data processing, electronic commerce services, portfolio management, account acquisition, credit evaluation, risk management and customer service. Through our family of companies, TSYS services the entire lifecycle of card accounts and processes more than 194.6 million accounts, making it possible for an estimated 272 million cardholders to use their cards anytime, anywhere. Based in Columbus, Ga., TSYS ([http://www.totalsystem.com]) is an 80.8 percent owned subsidiary of Synovus Financial Corp. (NYSE: SNV) ([http://www.synovus.com]) named The Best Company To Work For In America by FORTUNE magazine.
NextCard announced this morning an e-commerce marketing agreement to become the exclusive credit card sponsor for Hoover’s Online: The Business Network ([http://www.hoovers.com]), published by Hoover’s, Inc..
Under the terms of the agreement, NextCard will promote its suite of premier credit card products to Hoover’s Online visitors. NextCard and Hoover’s will also work to jointly offer special incentives to new cardholders who apply through [www.hoovers.com].
“NextCard is thrilled to offer customized card products to the expanding Hoover’s Online audience,” said David Schwartz, vice president of customer acquisition at NextCard. “We’ve determined that Hoover’s is ideal for reaching consumers seeking innovative business services online and we’re pleased to become an exclusive sponsor.”
“We’re excited about the opportunity to offer busy businesspeople who use Hoover’s Online what we think is the best credit card product for Internet users,” said Jani Farlow Spede, Hoover’s vice president of advertising and e-commerce. “We believe Hoover’s visitors are affluent, educated and very comfortable with online transactions — an attractive match for NextCard.”
Spede added that Hoover’s has developed an integrated customer acquisition program for NextCard that includes banner advertising, text links placement within Hoover’s newsletters and customized tie-in promotions with Hoover’s subscriptions.
NextCard, Inc. ([http://www.nextcard.com]), creator of The First True Internet Visa in 1997, is considered the industry’s leading issuer of consumer credit on the Internet. The Company has continued to innovate with its complete GoShopping!(SM) Web site, NextCard eWallet, Double Rewards program, personalized PictureCard(SM) design and exceptional online customer service.
NextCard publishes the NextCard eCommerce Index(SM), the premier source of online transaction activity and was named a “HOT 100 Company” by Upside magazine and one of “The Standard 100” most important and influential companies in the Internet economy by The Industry Standard magazine.
M&I Data Services has appointed Daniel R. Shannon, an 18-year banking and technology veteran, as vice president of marketing. Shannon will be responsible for corporate marketing strategy, identification of major market opportunities, development of strategic alliances and leadership of all communications efforts for the various M&I Data Services business units. He reports directly to Mike Hayford, executive vice president, Corporate Development.
Prior to his appointment, Shannon served M&I Data Services as president of M&I EastPoint, where he was responsible for broadening the audience for that division’s innovative account processing system. He also played a key leadership role in M&I Data Services’ acquisitions of the Traveler’s Express Moneyline Express business and ADP’s Electronic Banking Services division earlier in 1999.
“Dan brings a wealth of experience and a proven track record of marketing success at M&I and from his previous endeavors,” said Joe Delgadillo, president and chief executive officer, M&I Data Services. “This appointment is indicative of M&I’s recent initiatives in the marketing area to ensure that our industry leadership position is maintained, and that we continue to understand and exceed our customers’ expectations with leading-edge technology solutions.”
Before joining M&I Data Services, Shannon served as vice president of marketing for NCR. He was responsible for the marketing of NCR’s computers, software, services, and solutions for sale into the company’s largest segment, Financial Services, on a worldwide basis. Shannon joined NCR in 1981 as a sales representative, subsequently holding a number of positions in sales, sales management and marketing.
Shannon received his bachelor’s degree in business administration in 1981 and his MBA in 1985, both from the University of Wisconsin in Madison. He and his wife Lynn and their three children live in Brookfield, Wis.
Headquartered in Milwaukee, M&I Data Services is a division of Marshall & Ilsley Corporation (Nasdaq: MRIS), a $22.8 billion holding company. M&I Data Services provides leading-edge technology solutions to the financial services industry, offering consulting, software and processing solutions for financial institutions worldwide.
The company’s rapid growth is being fueled by innovative product development, strategic product acquisitions and strong growth of its customer relationships. M&I Data Services had total revenues of $509 million in 1998 and provides financial E-commerce solutions to more than 1,100 financial institutions. For more information visit the M&I Data Services Web site at [http://www.midata.com].
InteliData Technologies Corp. elected Norman Tice to InteliData’s Board of Directors. Mr. Tice has been Chairman Emeritus of MasterCard International Global Board of Directors since June 30, 1996, prior to which he had served as Chairman from 1994 to 1996. In addition, he is currently Chairman of MasterCard’s Compensation Committee and a member of the Audit Committee. During his career Mr. Tice was Chairman and CEO of Boatmen’s Credit Card Bank, Chairman and CEO of Boatmen’s Community Development Corporation and an Executive Vice President of The Boatmen’s Bank of St. Louis.Details
The prepaid ‘Presto!’ phone card has teamed up with Coca-Cola New York and Coca-Cola Philadelphia is offering college students a chance to win up to 60 minutes of free phone time through a phone card vending game. Destia Communications, f/k/a/ EconoPhone, produces the virtual ‘Presto! Card’ which offers a 9.9 cents per minute rate, no surcharges, and 6 second billing after the first 30 seconds. Game players may claim a prize of free phone time online at Presto! Card’s web site when a purchased 20 oz. bottle of Coca-Cola’s ‘Citra’ beverage has an affixed sticker on the bottle containing an official 10-digit game code. Eligible purchased bottles must come from specially marked vending machines found on college campuses in DE, NJ and PA. This is the first time a Coca-Cola promotion involves the Internet and e-commerce. The game ends Nov. 25.Details
First Data Corp. announced its card issuing subsidiary, First Data Resources, has completed three major conversions totaling approximately 18.9 million bankcard accounts and more than $26 billion in receivables. These conversions set the industry record for most new portfolio bankcard accounts converted at one time. The conversions included 2.4 million bankcard accounts from two clients and approximately 16.5 million bankcard accounts from First USA’s First Card portfolio.
These conversions, along with others completed year-to-date, brings the total accounts converted to the First Data system this year to more than 42 million. These successful conversions will bring First Data’s total card accounts on file to over 270 million by year-end.
“This conversion process was completed within a record setting seven months and seamless to our cardholders,” said Cooke Harvey, senior vice president, First USA. “We carefully evaluated our processing options and came to the conclusion that it would be most efficient to convert all of our processing to First Data.”
First USA announced earlier this year that it would switch the First Card portfolio to the First Data(R) system. First USA ( [http://www.firstusa.com]), a subsidiary of BANK ONE CORPORATION, is one of the world’s leading credit card companies. First USA offers credit cards for consumers and businesses under the First USA, First Card and Bank One brand names and on behalf of more than 2,200 marketing partners.
“Our responsibility to our clients drives our commitment to execute conversions flawlessly, and this conversion is evidence not only of our expertise in this arena, but also of the confidence our clients have in our ability to support their business,” said David P. Bailis, executive vice president, First Data Corp. “The First USA and First Data people demonstrated outstanding teamwork. Delivering this conversion in only seven months would not have been possible without the experience and commitment of both organizations.”
First Data Resources, based in Omaha, Neb., is the leading global provider of card transaction processing and card portfolio management solutions that enable credit, debit, commercial, oil and private label card issuers to enhance their portfolio growth, increase market share, reduce risk and improve profitability.
Atlanta-based First Data Corp. helps move the world’s money. As the leader in electronic commerce and payment services, First Data serves more than two 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. With more than 33,000 employees worldwide, the company provides credit, debit and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; money transfers and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Mexico, Spain and Germany. In addition, its Western Union(R) network includes approximately 74,000 agent locations with operations in 172 countries. For more information, please visit the company’s web site at [http://www.firstdatacorp.com].