MBNA’s New E-Wallet

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.


Equine MBNA Card

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.


Free Phone Card Calls

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][1].

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.

[1]: http://www.net2phone.com


Priceless Award

Priceless Demo Commercials

[G2 RealVideo Format – “Holiday Shopping In UnderWear” – Priceless Commercial][1] [G2 RealVideo Format – “Being Happy With Who You Are” – Priceless Commercial][2]

Priceless Demo Print Ads

[“A Day Where All You Have To Do Is Breath – Priceless Print Ad”][3] [“A Weekend With Golf Greats – Priceless Print Ad”][4]

[3]: /cardflash/secure/oldstatic/secure/ads/massage2.gif
[4]: /cardflash/secure/oldstatic/secure/ads/golf.gif


MPS Renews KY CU

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”.


InfiCorp Deal

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.


ATM File Manager

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.


ECML Update

The ECML alliance, announced yesterday (CardFlash 6/14), indicated it intends to transfer management responsibilities for the new ECML digital wallet standard to a recognized standards body where it can be maintained and promoted. The new universal format for e-commerce digital wallets was endorsed Monday by America Online, American Express, Compaq, CyberCash, IBM, MasterCard, Microsoft, SETCo, Sun Microsystems, Transactor Networks, Trintech, and VISA. Initial online merchants supporting ECML include Beyond.com, Dell Computer Corp., fashionmall.com, healthshop.com, Nordstrom.com, Omaha Steaks, Reel.com, and 1-800-Batteries.The format, known as Electronic Commerce Modeling Language (ECML), utilizes a set of uniform field names that streamlines the process by which merchants collect electronic data for shipping, billing and payment. The specification is available to merchants at www.ecml.org.


Dead Set?

The latest issue of InternetWeek asserts that VISA has “hammered the final nail in SET’s coffin” with its latest credit card processing gateway which couples SSL encryption with bank-issued digital certificates. The magazine says the SET protocol is overly complex and expensive. Consumers do not see the value and most e-storefronts have ignored it. Indeed a recent Forrester Research survey found that just 1% of U.S. e-businesses plan to migrate to SET. The article also points out that Wells Fargo is also prepping a SET-free payment-processing service that adds certification to SSL data encryption.