The most hyped movie of the decade now has a credit card to support it and it’s everywhere you want to be baby!. First USA and New Line Cinema announced Tuesday the new ‘Austin Powers Limited-Edition Titanium VISA’ credit card. The program is the first VISA credit card to be associated with the launch of a blockbuster comedy. The no-annual-fee card is available in two shagadelic designs: “It’s Titanium, Baby!” features Mike Myers as cheeky Austin Powers, and “Groovadelic” is a psychedelic ’60s swirl design. The card is available through direct mail, on-site marketing at Loew’s cinemas and via a special toll-free number. Following the first use of their ‘Austin Powers Titanium VISA’ card, cardholders will receive a special complimentary widescreen edition of “Austin Powers: International Man of Mystery,” which includes extra scenes never before seen on VHS. The card offers the current First USA pricing of 2.9% intro APR and 10.99% go-to APR.Details
CA-based Mag-Tek Inc. released a version this week of its ‘MT-95 HiCo Card Encoder’ to include an emulation mode for the ‘IBM 4777-3 Magnetic Stripe Encoder’. Mag-Tek modified the ‘MT-95’ firmware for the ‘IBM 4777’ emulation mode so that users can easily migrate from LoCo magnetic cards to HiCo magnetic cards. The ‘MT-95’, with its companion cable, will even operate in those applications that include the ‘IBM 4778 PIN-Pad’. The Mag-Tek ‘MT-95’ facilitates instant card issuance, encoding on either High Coercivity or Low Coercivity media.Details
MBNA, the largest independent credit card issuer in the world, and Transactor Networks, a leading provider of online wallet technology, have launched a digital wallet program for MBNA credit card customers. The Transactor wallet simplifies online shopping by allowing MBNA customers to securely store credit card information, shipping and billing addresses. The wallet then automatically fills out order forms at many of the most popular online stores.
“This wallet program is in keeping with MBNA’s ongoing commitment to customer satisfaction, in this case by making shopping over the Internet simpler and more convenient,” said Ron Martinez, CEO of Transactor Networks. “The digital wallet provides an easy and flexible method for Customers to make purchases online and alleviates the complexity that currently exists when shopping on multiple websites.”
Customers who use the MBNA Wallet Service (www.MBNAwallet.com) also will receive promotional offers and special discounts from major online retailers for travel, books, music, clothing and other online purchases. This program is one of several MBNA e-commerce initiatives that are being deployed to support MBNA customers’ buying experience on the Internet.
“MBNA Customers have always demonstrated a high degree of loyalty towards MBNA products,” said John R. Cochran MBNA’s chief marketing officer. “Our e-commerce initiatives ensure these customers extend their preference for MBNA services to their on-line activities.”
MBNA Corporation (NYSE: KRB) (www.MBNAinternational.com), a bank holding company and parent of MBNA America Bank, N.A., a national bank, has $62.1 billion in managed loans. MBNA, the largest independent credit card lender in the world, also provides retail deposit, consumer loan, and insurance products.
San Francisco based Transactor Networks (www.transactor.net) delivers a simplified standard interface for online buying free to both consumers and merchants. Offered in partnership with major banks, Transactor streamlines online order forms, purchase records, customer service, and follow on marketing.Details
The Direct Pay Coalition said yesterday that direct payment is the only way for most Americans to pay their bills without getting out their checkbooks since 60% of U.S. households do not have access to the Internet and 50% do not own a computer, making Internet banking and other electronic bill paying services impossible for 64 million U.S. households. The Direct Payment Coalition is composed of the Federal Reserve, the NACHA and regional ACH associations. The group issued yesterday a chart for consumers to compare the advantages of direct payment over Internet banking and e-bill payment services. Among the major benefits of direct payment: virtually every bank can handle direct payment transactions and 73% of utilities, 44% of communications companies and 41% of insurance, finance and real estate companies offer direct payment to customers. For more info visit CardTrak ([cardtrak.com]).
MBNA America and the United States Equestrian Team announced Tuesday the Team’s endorsement of MBNA’s credit card services to its members and supporters.
The United States Equestrian Team is a non-profit organization representing the United States in international equestrian sports, and has, since 1950, selected, trained, equipped, and financed teams to represent the United States in the Olympic and Pan American Games, the World Championships, and other international competition. United States Equestrian Team members have won 27 Olympic and 54 Pan American Games medals since 1952.
The United States Equestrian Team joins more than 40 equine-related groups, and more than 600 sports organizations, that endorse MBNA’s credit card services, making it the fastest growing among MBNA’s sectors.
MBNA Corporation (NYSE: KRB), a bank holding company and parent of MBNA America, N.A., has $62.1 billion in managed loans. MBNA, the largest independent credit card lender in the world, also provides retail deposits, consumer loans, and insurance products.Details
UTM Systems Corp. ([www.utmsystems.com]), a developer of electronic commerce payment technology, Tuesday announced its flagship solution, the UTM Machine. The UTM Machine is a first-of-its-kind hardware device that, when inserted into the floppy drive of any Internet-connected computer, works like an ATM (automatic teller machine) to facilitate convenient and secure online transactions using a debit or credit card. The UTM Machine interfaces directly with banking institutions via the existing worldwide ATM networks and can be used with any existing e-commerce Web site.
Currently finalizing agreements with several national banking institutions who will provide the UTM Machine free to their customers, UTM Systems indicated that the UTM Machine will be piloted in consumer trial program in the fall and fully introduced in time for the 1999 holiday shopping season. The banks in negotiation with UTM Systems Corp. were not disclosed; however, UTM Systems indicated that announcements regarding these partnerships will be made within the next several weeks.
“Today’s delivery of the UTM Machine signals a fundamental change in the way we shop online-if you’ve used an ATM, you can use the UTM Machine,” said Robert Lee, president and founder of UTM Systems Corp. “The security and ease of online payment transactions is foremost in the mind of every online shopper. The UTM Machine effortlessly ensures payment security for both online merchants and consumers by bringing the ATM experience to the Internet.”
How it works
To activate the UTM Machine, an Internet shopper will simply slide their credit or debit card into the device and then insert it into the floppy drive of a Web-connected computer. A familiar ATM-like interface will then pop-up on the computer screen and request the entry of the user’s PIN code. Once the shopper’s PIN code has been verified and their account has been accessed via the worldwide ATM network, the UTM Machine will quickly enable their online payment transaction just as if they were at a local ATM. Just like a floppy disk, The UTM Machine can be easily ejected from a computer floppy drive and is small enough to be carried in a pocket for use with other computers at the owner’s convenience. The UTM Machine uses proven smart card technology as part of its security.
Perfect for consumers
Making the online payment experience much like it is in real life, the UTM Machine is the ideal tool for consumers who shop online.
— Security: Since it is directly linked to ATM networks, the UTM Machine provides the familiar security features of your PIN code, and the requirement of a physical debit or credit card. Just having your credit or debit card number is not sufficient, and the integrity of your personal information is not compromised in any way.
— Convenience: The UTM Machine is easy to use because it doesn’t require that you learn any new payment systems or procedures. All you need to do is insert the device into your computer floppy drive — if you can use an ATM, you can use the UTM Machine.
— Free: The UTM Machine is provided free to consumers via partner banking institutions, and you will not incur any additional fees for using it to shop online.
Merchants who want to provide a secure payment environment while reducing support costs and the risk of non-payment can benefit from the UTM Machine.
— Reduce charge-backs: The UTM Machine can help reduce the charge-backs that are rampant in electronic commerce because like an ATM it requires the physical possession of a credit or debit card and the entry of the cardholder’s PIN code
— Attract and retain customers: The convenience and security of the UTM Machine will attract more shoppers to the online experience.
— Decrease costs & support: The UTM Machine interfaces directly with banking institutions via the existing worldwide ATM networks and operates on open standards. Therefore, it requires no changes to a merchant’s existing electronic commerce site, and steps associated with payment processing can be significantly reduced and/or eliminated.
The UTM Machine allows financial and banking institutions to leverage their existing ATM-based payment systems to take advantage of the burgeoning Internet marketplace.
— More points of sale: The increase in Web-based shopping that is fostered by the UTM Machine translates into more points of sale and an increase in transactions.
— Stronger merchant relationships: Enhance merchant relationships through direct payment options and reducing the risk of costly charge-backs.
— Extend existing infrastructure: Leveraging the existing ATM network requires no changes to infrastructure and carries no increased support costs.
Pricing & Availability
The UTM Machine will be available free of charge to consumers through providing financial institutions beginning in the fall of 1999. Contact your bank to determine if it plans to provide you with the option of a free UTM Machine to complete your online purchase transactions. Financial institutions or online merchants who wish to provide the UTM Machine to their customers or learn more about becoming a UTM Systems online partner can contact UTM Systems Corp. at 425/451-8585 or firstname.lastname@example.org.
About UTM Systems Corp.
UTM Systems Corp. (), based in Seattle, is focused on the delivery of Internet payment technology. The mission of UTM Systems Corp. is to bring the security and convenience of the ATM (automatic teller machine) experience to electronic commerce. The flagship product of UTM Systems Corp., the UTM Machine, is a hardware device that slides into any computer’s floppy drive to facilitate e-commerce payments at any existing online merchant site. The UTM Machine conveniently and securely facilitates online credit and/or debit card transactions directly with the cardholder’s financial institution via the existing worldwide ATM networks. UTM Systems Corp. can be contacted at 425/451-8585.
Net2Phone Direct, Net2Phone Inc.’s phone-to-phone Internet telephony service, will offer free domestic phone calls anywhere in the United States all day on Father’s Day June 20th.
There are two ways to sign up. First, users who sign up through the Net2Phone Direct web site, www.net2phonedirect.com, will be able to take advantage of free phone calls all day Father’s Day immediately upon registering. Users interested in taking advantage of Net2Phone’s low 7.9 cent a minute domestic rate can do so by simply sending their credit card information over Net2Phone’s secure web site.
Alternatively, users can sign up for Net2Phone Direct’s 7.9 cent a minute rate between now and Father’s Day by calling 800-989-4382 and take advantage of the free calling all day Father’s Day.
“With our special free calling all day Father’s Day, we are helping friends and family keep in touch,” said David Greenblatt, Chief Operating Officer of Net2Phone. “Internet telephony is easy to use, reliable and inexpensive, and this new promotion gives people the chance to use our product for free.”
Net2Phone Direct users call a toll-free or local number, which connects the call to a local gateway, which digitizes the caller’s voice and puts it onto Net2Phone’s IP backbone. The system then prompts the user to enter their account number and the telephone number they wish to reach. The call is carried over the Internet to another gateway located close to the recipient’s area, which switches the call onto the local telephone network, and completes the call — all within seconds.
Net2Phone is a leading provider of voice-enhanced Internet communications services to individuals and businesses worldwide. Net2Phone enables people to place low-cost high quality calls from their computer, telephone, or fax machine to any telephone or fax machine in the world. Net2Phone develops and markets technology and services for IP voice and e-commerce solutions for the web and other IP networks. For more information about Net2Phone’s products and services, please visit [www.net2phone.com].
Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to, the competitive environment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet telephony industry, Net2Phone’s ability to operate the services described on a large scale commercial level. For additional information regarding these and other risks associated with the company’s business refer to the company’s filings with the SEC.
Priceless Demo Commercials
[G2 RealVideo Format – “Holiday Shopping In UnderWear” – Priceless Commercial] [G2 RealVideo Format – “Being Happy With Who You Are” – Priceless Commercial]
Priceless Demo Print Ads
[“A Day Where All You Have To Do Is Breath – Priceless Print Ad”] [“A Weekend With Golf Greats – Priceless Print Ad”]
Midwest Payment Systems announced it has renewed a five-year contract to provide electronic funds transfer and Jeanie ATM processing services to Commonwealth Credit Union. Headquartered in Frankfort, Kentucky, Commonwealth Credit Union has $394 million in assets.
“Midwest Payment Systems has proven itself to be reliable and cost- efficient,” said Karen Harbin, Vice President, Commonwealth Credit Union. “We found the company to be technically superior to other processing services. We have been very satisfied with the services MPS has provided to us.”
“We are pleased to be able to offer Commonwealth Credit Union the best EFT services we possibly can,” said Barry L. Boerstler, Executive Vice President, Midwest Payment Systems. “Commonwealth Credit Union made the right decision by renewing their contract with MPS.”
MPS is a subsidiary of Fifth Third Bancorp. MPS processes almost three billion ATM and POS transactions per year for more than 55,000 retail locations and financial institutions worldwide, including Federated Department Stores, The Kroger Co. and CompUSA. MPS’ merchant customer base generates more than $30 billion in credit card sales annually.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company, which is Y2K ready, has $29.7 billion in assets, operates 12 affiliate banks with 484 full-service Banking Centers, including 108 Bank Mart(R) locations open seven days a week inside select grocery stores and 1,202 Jeanie(R) ATMs in Ohio, Kentucky, Indiana, Florida, Arizona and Michigan. Fifth Third’s financial strength continues to be recognized by rating agencies with deposit ratings of AA- and Aa2 and commercial paper ratings of A1+ and P1 from Standard & Poor’s and Moody’s, respectively. Fifth Third operates four main businesses: Retail, Commercial, Investment Advisors, and Midwest Payment Systems, the Bank’s data processing subsidiary. Investor information and press releases can be viewed at www.53.com; press releases are also available by fax at no charge by calling 800-758-5804, identification number 281775. The company’s common stock is traded in the over-the-counter market through the Nasdaq National Market under the symbol “FITB”.Details
WV-based WesBanco, Inc. confirmed yesterday it has entered into a credit card issuing alliance with Atlanta-based InfiCorp Holdings, Inc. (The news was first reported in the June 8 issue of CardFlash.) Under terms of the agreement InfiCorp has acquired WesBanco’s existing $15 million credit card portfolio and will continue to provide WesBanco-branded credit card products to consumers in WesBanco’s local market area. WesBanco indicated it made its decision due to increasing competition and InfiCorp’s commitment to a customer focus and relationship pricing. InfiCorp predicts that a strong credit card program can yield long-term dividends to WesBanco through strengthened relationship programs, expanded cross-sell opportunities and enhanced brand awareness. InfiCorp Holdings, Inc. provides clients with a range of specialized credit card portfolio management and issuing solutions through principal subsidiaries InfiStar Corp. and InfiBank, a Georgia-chartered bank.Details
CyberCash announced it has added a form wizard capability to its ‘InstaBuy Agile Wallet’ platform. Next month, CyberCash will bundle the ‘InstaBuy’ service with its secure credit card service and offer the package both to its existing installed base of approximately 13,000 merchants and to the new merchants that it is adding at a rate of nearly 1,000 per month.Details
ACI Worldwide announced Monday the addition of a file management application to its ‘BASE24’ product suite. The new ‘BASE24-file manager’ enables users to download and collect files from Diebold ATMs. First Union initially used ‘BASE24-file manager’ to distribute Y2K corrective service fixes to more than 3,700 Diebold ATMs. However First Union says the new ‘BASE24-file manager; also gives the bank the ability to target market banking services by distributing specific graphics files to selected ATMs. FU can advertise and promote specific services at a single ATM, or series of ATMs, and update the marketing messages electronically. ‘BASE24-file manager’ integrates with ACI’s ‘BASE24-atm’ and ‘BASE24-pos’ transaction processing applications, currently used by First Union and more than 300 financial institutions and retailers around the world.Details