Chip Card Stats

Worldwide chip card semiconductor shipments totaled 1,323 million units in 1998, resulting in 1,254 million chip cards being shipped according to a new study by GartnerGroup’s Dataquest unit. Siemens Semiconductor produced the largest volume of chip card silicon (microcontrollers and memory) in 1998, with 658 million units (49.7 percent market share). Gemplus manufactured the largest volume of chip cards (smart cards and memory cards) in 1998, with 404 million units (32.2 percent market share).


Missed the Mark

San Diego-based HNC Software Inc. reported yesterday that, based on a preliminary review of its results for the first quarter, it expects revenue of approximately $48 to $50 million for the quarter, which is approximately 10% lower than the company’s projections. This compares to revenue of $35 million for the first quarter of 1998. The decrease in anticipated Q1 revenue is due primarily to a shortfall in revenue and profit from HNC’s Insurance Solutions Group. HNC will release its final 1Q/99 results on April 19.



NYCE Corp. announced yesterday its decision to bring universal participation in Card Alert Services, Inc. to all NYCE Network card issuing participants. The CAS program helps detect early stage criminal activity which enables institutions to block and reissue compromised cards before fraudulent cash withdrawals are made. CAS receives a subset of switch transactions from NYCE and six other participating shared networks. CAS monitors for abnormal transaction patterns. CAS estimates it has prevented $15 million to $20 million in losses to-date. Under a new network rules change, effective this month, all NYCE issuing participants will become automatic subscribers to CAS. NYCE has an ownership interest in CAS.


PaylinX Distribution Deal

PaylinX Corporation, the leader in the Enterprise Payment Server market, today announced an exclusive distribution agreement with El Segundo, Calif.-based Merisel, Inc., a leading distributor of computer hardware and software products. Under the terms of the agreement, Merisel will distribute the PaylinX Enterprise Payment Server software to its extensive network of North American Value-added Resellers (VARs) and System Integrators, enhancing its competitive e-commerce offering with PaylinX’s unique enterprise commerce payment processing platform.

The PaylinX solution set offered through Merisel includes PaylinX Enterprise Payment Server and PaylinX Internet Payment Server. Both offerings utilize three payment options — PaylinX VISA POS-port, PaylinX VISA ISDN, and PaylinX Paymentech Frame Relay. These options enable Merisel resellers to offer their customers cost-effective, e-commerce payment solutions.

Only PaylinX provides enterprise commerce payment processing — enabling credit card transaction processing that spans electronic commerce, point-of-sale, interactive voice response (IVR) systems, catalog sales and call centers. PaylinX recently was named the 1998 Call Center News Service Product of the Year, and is a three-time winner of the Internet Commerce Expo Best of Show award.

Merisel VARs and system integrators will find the PaylinX distribution agreement instrumental in expanding their options for e-commerce solutions. “Most first- and second-generation electronic commerce implementations focus entirely on the Internet, forcing those who provide solutions, such as Merisel’s resellers, to implement costly, redundant systems and processes,” said Bob Lozano, president and chief executive officer of PaylinX. “PaylinX enables market leaders such as AT&T, PageNet, Bose, Microsoft, and MediaOne to provide a uniform, enterprise-wide transaction infrastructure for all customer sales interactions.”

“We are delighted to make PaylinX available to our resellers,” said Merisel’s Director of Software, Tony Warwick. “As the market leader in the enterprise payment server category, PaylinX brings significant value-add to Merisel resellers and system integrators, not only for enterprise-wide payment processing, but also in consolidation with existing legacy systems. The enterprise payment server market is a key enabler of enterprise commerce — and we’re pleased to be at the forefront with PaylinX.”

In addition to its enterprise-wide capability, the PaylinX architecture meets the high availability objectives of the most demanding IT environments by enabling feature set enhancements such as multi-processor failover, Payment Pipes(TM) transaction routing and load balancing, while safeguarding existing infrastructure investments. Running on a single NT server, PaylinX Enterprise Payment Server software processes tens of thousands of transactions per hour. Lab tests extend that number to a processing capability that supports one million transactions per hour. PaylinX Enterprise Payment Server is a true multi-threaded solution for enterprise applications.

About Merisel

Merisel, Inc., (Nasdaq:MSEL) is a leader in the distribution of computer hardware and software products. Based in El Segundo, Calif., Merisel is a Fortune 500 Company with reported 1998 sales of $4.6 billion. Merisel distributes a full line of 25,000 products and services from the industry’s leading manufacturers to resellers throughout North America. In addition, the company provides a full range of customized, value-added services. Merisel also offers dedicated support to high-end resellers through the Merisel Open Computing Alliance (MOCA(TM)) and the company’s Enterprise Computing Division. Merisel’s corporate Web site is located at

About PaylinX

Focused on enterprise commerce payment processing since 1995, PaylinX Corporation is the leader in the Enterprise Payment Server market providing real-time and/or batch credit card authorization, settlement and reporting across the entire enterprise. Only PaylinX provides enterprise commerce payment — enabling credit card transactions processing spanning e-commerce, point-of-sale, interactive voice response systems, catalog sales and call centers. PaylinX is available from Value Added Resellers, PaylinX OEM Partners, or directly from the company. PaylinX is headquartered in St. Louis, Missouri, and can be reached at (314) 692-0929 or

Note to Editors: PaylinX is a registered trademark, PaylinX for Site Server and PaylinX ISDN Payment Pipe are trademarks of PaylinX Corporation. Other trademarks, service marks, and copyrights are the property of their respective owners.


February Pause

After piling on $5 billion in additional revolving debt in January, American consumers cooled their jets a bit in February, adding a modest $2.3 billion to revolving credit. According to preliminary figures released Wednesday afternoon by the Federal Reserve, revolving credit, mostly credit card debt, grew at an annual rate of 4.8% during February, compared to 13.2% in January. For February 1998 revolving credit card debt grew at annual rate of 5.1% and stood at $535.3 billion. Overall consumer credit is growing 7.9% annually, compared to 4.9% one year ago, according to the FRB. At the end of February, American consumers were $1.323 trillion in debt, exclusive of home mortgages.

Feb99 Jan99 Dec98 Nov98 Oct98 Sep98 Aug98 Jul98 Jun98 May98
%GRWTH: 4.8% 13.2 8.6 -2.4 13.0 7.5 10.7 -4.2 9.2 -1.4

$OWED: $569.0 566.7 560.5 556.5 557.6 551.7 548.3 543.4 545.3 541.2

Source: Federal Reserve; revised figures as of 04/07/99; For complete historical data visit [][1].

Consumer credit grew at about an 8 percent annual rate in February, down from about 14 percent in January. Growth in all major
categories slowed in February, though the rise in auto loans remained quite rapid.

Seasonally adjusted
1998 1999
:::::::::::::::::__ :::

Feb. Mar. Apr. May June July r Aug. r Sept. r Oct. r Nov. r Dec. r Jan. r Feb. p
Percent change at annual rate 2
Total 4.9 6.6 4.3 2.3 9.0 5.4 6.6 6.9 10.6 1.6 2.4 14.1 7.9
Automobile 4.2 8.8 4.1 4.0 8.2 8.0 12.1 8.1 6.1 12.6 12.4 19.0 13.7
Revolving 5.1 9.1 5.4 -1.4 9.2 -4.2 10.7 7.5 13.0 -2.4 8.6 13.2 4.8
Other 3 5.5 -1.2 2.3 6.9 9.6 19.6 -8.9 4.2 12.7 -7.2 -24.1 8.2 5.1

Amount: billions of dollars
Total 1,240.5 1,247.3 1,251.8 1,254.2 1,263.5 1,269.2 1,276.2 1,283.6 1,294.9 1,296.6 1,299.2 1,314.5 1,323.2
Automobile 416.7 419.8 421.2 422.6 425.5 428.3 432.7 435.6 437.8 442.4 447.0 454.1 459.3
Revolving 535.3 539.4 541.8 541.2 545.3 543.4 548.3 551.7 557.6 556.5 560.5 566.7 569.0
Other 3 288.4 288.2 288.7 290.4 292.7 297.5 295.3 296.3 299.5 297.7 291.7 293.7 294.9

Percent except as noted: not seasonally adjusted
Institution, terms, and type of loan
Commercial banks
Interest rates
48-mo. new car 8.87 n.a. n.a. 8.69 n.a. n.a. 8.71 n.a. n.a. 8.62 n.a. n.a. 8.34
24-mo. personal 14.01 n.a. n.a. 13.76 n.a. n.a. 13.45 n.a. n.a. 13.75 n.a. n.a. 13.41
Credit card plan
All accounts 15.65 n.a. n.a. 15.67 n.a. n.a. 15.83 n.a. n.a. 15.69 n.a. n.a. 15.41
Accounts assessed interest 15.33 n.a. n.a. 15.62 n.a. n.a. 15.85 n.a. n.a. 15.54 n.a. n.a. 14.73

New car loans at auto finance companies
Interest rates 6.98 6.47 6.20 6.07 6.02 6.23 6.00 5.92 6.33 6.79 6.43 6.22 6.43
Maturity (months) 52.6 51.5 50.7 50.8 50.9 51.7 53.0 53.1 53.1 52.8 52.2 52.1 53.4
Loan-to-value ratio 92 92 91 93 91 92 93 93 92 91 91 92 92
Amount financed (dollars) 18,825 18,932 18,922 18,793 18,878 19,084 19,068 19,028 19,199 19,590 19,734 19,628 19,304
This release is issued around the fifth business day of each month. The exact date and time may be obtained by calling (202) 452 – 3206.
Footnotes appear on reverse.

(Billions of dollars)
Not seasonally adjusted

1998 1999
:::::::::::::::::__ :::

Feb. Mar. Apr. May June July r Aug. r Sept. r Oct. r Nov. r Dec. r Jan. r Feb. p

Total 1,234.2 1,236.0 1,241.1 1,243.1 1,256.8 1,262.4 1,276.4 1,286.6 1,297.6 1,304.5 1,331.7 1,323.3 1,316.3

Major holders
Commercial banks 492.5 492.1 500.1 497.3 491.4 491.4 498.2 497.9 502.1 498.8 508.9 507.3 497.7
Finance companies 155.7 156.5 154.3 153.6 154.3 156.1 159.6 159.1 165.6 166.6 168.5 167.3 169.7
Credit unions 150.8 150.7 151.1 152.2 152.4 153.5 153.6 154.3 155.0 155.2 155.4 155.7 155.1
Savings institutions 47.1 47.1 47.5 47.9 48.3 49.0 49.6 50.3 51.0 51.6 51.6 52.0 52.5
Nonfinancial business 72.8 72.7 65.1 65.2 65.3 65.5 66.0 65.5 66.0 66.6 74.9 71.0 67.9
Pools of securitized assets 5 315.3 316.8 323.1 326.9 345.1 346.9 349.4 359.4 358.0 365.6 372.4 370.0 373.4

Major types of credit 6
Automobile 412.1 415.5 416.0 418.2 425.2 429.9 435.4 439.6 443.1 446.6 451.0 452.2 454.1
Commercial banks 152.7 153.9 151.3 151.7 150.9 153.2 155.5 156.3 156.8 157.1 158.1 160.3 159.9
Finance companies 84.7 86.8 90.6 89.6 89.9 91.7 95.3 96.2 97.6 99.0 103.1 102.8 105.0
Pools of securitized assets 5 66.0 65.1 63.7 66.0 71.6 72.5 70.8 72.1 71.8 72.6 73.0 73.2 73.2

Revolving 535.3 534.1 535.6 535.6 539.6 537.2 545.1 549.0 556.0 559.2 586.5 575.7 569.0
Commercial banks 204.6 201.3 209.2 207.3 200.9 197.6 200.4 197.6 200.9 196.9 210.3 204.8 197.6
Finance companies 36.9 36.6 30.4 30.5 29.9 29.4 29.6 28.4 33.3 33.1 32.3 32.4 32.2
Nonfinancial business 41.0 41.2 33.5 33.4 33.5 33.8 34.0 33.7 33.8 33.8 39.2 36.4 34.3
Pools of securitized assets 5 223.4 226.2 233.7 235.3 245.6 246.6 251.2 259.3 258.1 265.3 272.3 269.9 272.6

Other 286.8 286.4 289.6 289.2 292.0 295.2 296.0 298.0 298.5 298.7 294.2 295.4 293.2
Commercial banks 135.2 136.9 139.7 138.3 139.6 140.6 142.2 144.0 144.4 144.8 140.5 142.2 140.2
Finance companies 34.1 33.0 33.4 33.5 34.4 35.0 34.7 34.6 34.6 34.6 33.1 32.1 32.5
Nonfinancial business 31.8 31.5 31.6 31.8 31.7 31.7 32.0 31.8 32.2 32.9 35.7 34.6 33.6
Pools of securitized assets 5 26.0 25.6 25.6 25.5 27.9 27.8 27.5 27.9 28.1 27.7 27.1 26.8 27.7

1. Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.
2. Percent changes calculated from unrounded data.
3. Comprises mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education, boats,
trailers, or vacations. These loans may be secured or unsecured.
4. Interest rates are annual percentage rates (APR) as specified by the Federal Reserve’s Regulation Z. Interest rates for new-car loans
and personal loans at commercial banks are simple unweighted averages of each bank’s most common rate charged during the first calendar
week of the middle month of each quarter. For credit card accounts, the rate for all accounts is the stated APR averaged across all
credit card accounts at all reporting banks. The rate for accounts assessed interest is the annualized ratio of total finance charges at
all reporting banks to the total average daily balances against which the finance charges were assessed (excludes accounts for which no
finance charges were assessed). Finance company data are from the subsidiaries of the three major U.S. automobile manufacturers and are
volume-weighted averages covering all loans of each type purchased during the month.
5. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of
the loan originators.
6. Includes estimates for holders that do not separately report consumer credit holding by type.
r=revised. p=preliminary.



Pathways & Proton

The Pathways Group, Inc. announced Wednesday that it has entered into a Letter of Intent with Proton World, the international end-to-end smart card solutions provider, based in Brussels, Belgium. The aim of the Letter of Intent, is to establish a series of comprehensive, non-exclusive business relationship agreements which will license Pathways to develop applications on the Proton platform, integrate Pathways existing applications on to the Proton platform and to operate the back office transaction processing under the Proton security system. The agreement also anticipates the use of the Proton System on Pathways proprietary Sprinticket unattended Point-of-Sale kiosks and other integrated systems.

![][1] Proton World was created by major smart card industry players (American Express, Banksys, ERG, Interpay Nederland, and Visa International) to enhance international smart card and electronic purse standards. Proton is currently the world’s largest electronic purse platform, licensed in 15 countries with 30 million smart cards issued and accepted at 230,000 terminals. The platform provides a complete set of powerful and easy-to-use building blocks. Proton’s technology is the most broadly implemented in national rollouts (Australia, Belgium, The Netherlands, Sweden and Switzerland have national schemes of Proton-based smart cards) in both number of transactions and installed terminal base. In Belgium alone, the Proton card was used for more than 3.3 million transactions in February 1999.

The multi-functionality of the Proton electronic purse systems is one of the keys to the success of this platform. It is suitable for multiple applications because it can replace several means of payment (such as cash and telephone cards) and can function in various environments (including public transport ticketing and Internet payments). Proton not only provides a reliable, convenient, and secure electronic purse, but also responds to global requirements for system integration and multi-application support, useful in today’s world and vital in the emerging virtual world of tomorrow.

Joining the ranks of worldwide Proton licensees will strengthen Pathways’ existing product offerings. Under the terms of the Letter of Intent, Proton will provide Processing, Development, and System Integration licenses which will allow Pathways’ software to operate within the Proton platform for their hardware technology used in point of sale and automated ticketing systems. Pathways’ plans to use the Proton System to install integrated smart card systems at retailers, theaters, amusement parks, and resorts. This will allow Pathways to provide a full suite of services to its clients, including custom applications, card fulfillment and personalization, as well as credit and debit card processing. In addition to electronic purse applications, smart cards can be used for scrip and loyalty programs, telephone services, security access, medical and healthcare services, and secure payments on the Internet.

Carey Daly, President and CEO of The Pathways Group, has recently returned from a trip to Europe, where he met with the senior management of Proton World in Brussels. Subsequently, Mr. Armand Linkens, Managing Director of Proton World visited the Senior Executives of Pathways, in their Santa Rosa, California facility. The result of these meetings was the subject letter of intent, which has led to current contract negotiations.

Mr. Daly was quoted as saying, “At long last, Pathways has secured the missing piece in our business strategy to position Pathways as the leader in transaction processing in the United States. Pathways can now offer credit card, debit card and smart card transaction processing from one terminal through one provider. Merchants will enjoy custom tailored loyalty schemes while riding on a secure, open system, payment card. We can now offer credit card issuing banks their own chip card with an internationally recognized system of security and infrastructure. Our existing products become more robust because we now have the strength of a system, which has been time and field proven, in the open system arena. Our target markets have expanded dramatically as a result of this agreement and our existing client base will be afforded yet another layer of functionality and versatility. Not only does this open up the opportunity to integrate a platform for secure Internet transactions, it also means that this same security can be applied to secure Internet access, a major problem in our industry. The PROTON platform will allow Pathways to successfully compete with every other smart card business on a global scale. Finally, I believe this partnership will mark a major turning point in our business model. We are, needless to say, very proud to deliver this opportunity to our clients and our shareholders.”

The Pathways Group, Inc. provides clients with innovative and unique solutions for securely creating, capturing and processing data and electronic transactions using custom application software and hardware systems. The company was established in 1987 by Carey Daly and has evolved into a leader in the development of custom software and hardware for electronic banking, data and transaction processing, and smart card applications. Pathways creation of proprietary “back office” systems allows for the capture and processing of data and transfer of funds via “ACH” protocol, the standard used in the banking industry for transfer of funds in retail, medical and institutional environments.

SOURCE Pathways Group, Incorporated

[1]: /graphic/protonworld/protonworld.gif


ECARD Expansion

ERG Ltd. is set to expand its ‘ECARD’ smart card program with Australia’s BankWest. The ‘ECARD’ was launched last year in association with the HBF health insurance group in Western Australia. The first applications to run on the ‘ECARD’ included Proton-based electronic purse, health insurance membership and other loyalty features. Under the deal with BankWest, ERG will integrate the ‘ECARD’ with BankWest’s EFT/POS terminals. The terminals will be supplied by Intellect. To date more than 450,000 ‘ECARDs’ have been issued. There are slightly less than 1,500 ‘ECARD’ merchant locations. ERG indicates it is looking to eventually integrate the smart cards into the public transport sector.


Integrion Re-Shuffles

Integrion Financial Network announced Tuesday it is being re-capitalized and will re-structure its Board of Managers. The news comes as Integrion’s online banking subscriber base passed the one million mark last week. Under the re-capitalization, Integrion will be owned by 13 banks, IBM and VISA USA. Key Corp. and Royal Bank of Canada have elected to withdraw their ownership interests. Financial terms of the re-capitalization were not disclosed. Integrion will now be controlled by a Board of Managers representing a select number of financial institutions that are committed to using Integrion’s ‘Interactive Financial Services’ platform. Of the six financial institutions using ‘IFS’ today, Bank of America, Bank One and Washington Mutual will immediately take seats on the new Integrion Board of Managers. The other three banks using ‘IFS’ include ABN AMRO, Michigan National, and PNC Bank. Integrion owners not sitting on the Board of Managers but participating in company initiatives through a Strategic Advisory Council include: ABN AMRO, Comerica, Citibank, First Union, Fleet, IBM, Mellon Bank, Michigan National, PNC Bank, U.S. Bancorp, VISA USA., and Wells Fargo.


More CoinStar Machines

Coinstar Inc. and Albertson’s Inc. announced Tuesday the installation of 52 Coinstar self-service coin counting machines in Albertson’s Food and Drug Stores in Boise, Houston, and New Orleans under a new nationwide contract between the two companies.

Today’s announcement marks the first time Coinstar machines will be widely available at Albertson’s stores. To celebrate, Albertson’s and Coinstar are holding a special media event near Albertson’s corporate headquarters in Boise, Idaho this morning.

“We are thrilled to announce our new partnership with Coinstar,” said Gary Spiers, vice-president of Albertson’s Inc. “In a few short years, Coinstar has proven itself an innovative leader in the self-service coin counting industry. We think our customers will enjoy the convenience and time-savings of turning their change into cash or grocery purchases.”

Since the machines introduction in 1992, Coinstar has helped millions of Americans turn more than $1 billion in change into useful cash. In all, Coinstar has processed more than 109,000 tons of coins for more than 43 million customers.

“Coinstar couldn’t be happier about our new partnership with Albertson’s, one of the most respected companies in the supermarket industry,” said Jens Molbak, CEO of Coinstar Inc. “We are extremely excited about the growth opportunities presented by this partnership. Today’s announcement means we will be able to bring our service to new regions, as well as solidify our presence in existing markets.”

Founded in 1939, by J.A. Albertson, Albertson’s Inc. is one of the largest retail food and drug chains in the United States. Currently, the company owns and operates 985 stores in 25 states. However, a previously announced merger agreement with American Stores Company, parent company of Lucky, Acme, and Jewel, is expected to bring that number to 2,470 stores by years end. Combined, those stores will have estimated annual sales of $36 billion.

Coinstar Inc. develops, owns and operates a network of 5,200 self-service, coin counting machines. The machines, which provide consumers with a convenient means of converting loose change into cash, are located in leading supermarket chains in 38 states. Consumers can call 1-800-928-CASH, or visit for the location of the nearest Coinstar machine.

Photos can be downloaded from the Coinstar Website at:

This press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from the results identified or implied in any forward-looking statement discussed herein. Factors that could cause or contribute to such differences include, but are not limited to, the risks that are more fully described under the caption “Risk Factors” included in the most recent reports filed with the Securities and Exchange Commission by Coinstar Inc.



NCR Corp. unveiled its new ‘InteractionPlus’ channel integration and personalization software yesterday. ‘InteractionPlus’ enables businesses to capture customer transaction data from various touch points so that they can analyze this data. The touch points can include kiosks, call centers and the Internet. InteractionPlus feeds data gathered via the various customer touch points to a customer-centric Teradata data warehouse for analysis of customer behavior and predictive modeling of future buying habits.


SCF Symposium

The Smart Card Forum, a multi-industry organization working to accelerate the widespread acceptance of smart card technology, Tuesday announced an upcoming in-depth symposium that will focus on the critical issues surrounding privacy and security in the Internet era. The symposium, entitled “Enabling Privacy in a Virtual World,” is open to the public and will be held on May 20, 1999 at the Monarch Hotel in Washington, D.C. The symposium will feature presentations and debate from a range of Internet experts – including representatives from major corporations involved in Internet commerce, leading developers of security technologies and electronic commerce products, as well as key government officials considering legislative, regulatory and policy issues. Educators, journalists, and consumer spokespeople concerned with issues of individual privacy in an increasingly virtual world will also add their perspective to the mix.

“As companies and consumers converge on the Internet as the medium of choice for conducting business, the need to effectively and seamlessly address issues of security and privacy becomes increasingly urgent,” said Donna Farmer, president and CEO of the Smart Card Forum. “In presenting ‘Enabling Privacy in a Virtual World,’ the Smart Card Forum continues its tradition of introducing and illuminating the leading issues of the day, and, as such, we expect interest in the symposium to be strong.”

Some of the speakers that will participate in The Smart Card Forum’s symposium include Representative Vern Ehlers; Marc Rotenberg of Electronic Privacy Information Center (EPIC); Dan Geer, Senior Strategist of CertCo; Jeff Kutler, editor of American Banker; Thomas A. Kalil, senior director, National Economic Council; Steve Ellis, vice president of Business Development of Intel; Steve Crocker, founder of CyberCash; Stewart Baker, partner with Steptoe & Johnson; Jerry Ashworth, editor of Report on Smart Cards, Taher Elgamal of Kroll-O’Gara; and author Simson Garfinkel.

The fee for non-members who register by April 15 is $325. After this date, the fee is $395 for non-members. Attendees may register online at [][1] or by calling (202) 530-5306. Member registration information is available on the Web site.

Registration and continent breakfast will start at 7:30 a.m. on the day of the event and the program will begin at 8:00 a.m. and end with a reception for attendees from 5:30 p.m. to 7:30 p.m.



24 X 365 App Processing

EDS and AnyTime Access have signed a multiyear agreement to build and manage the ‘AnyTime Access Global Network’, enabling consumer data needed during the loan application process to be shared real-time between AnyTime Access and applicants’ financial institutions. ‘AnyTime Access Global Network’ is the combination of an EDS-built network infrastructure and the ‘AnyTime Access’ 24-hour by 365-day automated loan service. The combined service will cut the time to minutes for consumers to apply by the Internet or telephone, receive a decision, and then for the transaction data to be passed to their financial institution. This applies to consumers applying for automobile loans, home equity loans, unsecured lines of credit or credit cards.