Interpose IFS Ready

InteliData Technologies Corp. announced Monday that its IBM mainframe-based home banking software, the Interpose Financial Engine, will be enhanced to support connectivity to Integrion Financial Network’s Interactive Financial Services platform using the GOLD messaging standard.

With the implementation of GOLD, Interpose will provide seamless legacy system integration to the IFS platform.  Ultimately, InteliData will migrate all of its bank customers to the converged Open Financial Exchange (OFX) and GOLD standard due out from the Banking Industry Technology Secretariat (BITS) later this year.

“We are confident that Interpose will provide quick implementation to Integrion’s IFS platform,” said President and CEO of InteliData John Backus. “Our guarantee to banks is that we will have them connected in real time to the Integrion IFS platform in 100 days or less, or we will refund the cost of the software,” he added.

The Interpose software, currently installed in five of the Integrion member banks and in nine of the former Visa InterActive banks which are now part of Integrion, provides a real-time connection between the bank’s IBM mainframe and the IFS platform.  The software will run directly on the IBM mainframe, leveraging the performance and reliability of the mainframe as home banking volumes grow.  In addition, Interpose  provides banks with sophisticated customer profile data, via an internal data warehouse, by tracking customer access to checking, savings, credit and other accounts.

“Integrion has taken a leadership role in developing a platform solution that can handle the increasing performance and reliability demands for Internet banking and other forms of electronic delivery,” said InteliData Chairman Bill Gorog.  “We believe that by connecting to Integrion from the Interpose Financial Engine, more banks can capitalize on the tremendous potential of IFS and get to market faster.”

Integrion CEO and Managing Director William M. Fenimore, Jr. commented, “In today’s environment, speed to market is a critical success factor for financial institutions.  Integrion is pleased to accelerate the IFS implementation process with InteliData, whose track record for providing real- time connectivity from the mainframe should be a tremendous benefit to our customers.”

“As a strong proponent of open standards in home banking, IBM applauds InteliData’s move to provide GOLD connectivity,” said Paul Loftus, General Manager, Solutions, IBM Global Banking, Finance & Securities Industries. “Leveraging the high-performance IBM mainframe, Interpose helps provide Integrion banks the scalability they need to handle future volume growth. Interpose greatly simplifies connectivity to the bank’s back end systems, helping to achieve quick-to-market, robust, end-to-end solutions.”

About Integrion

Integrion Financial Network is a leading provider of interactive banking and electronic commerce services to financial institutions. Through the Interactive Financial Services (IFS) platform, Integrion offers financial institutions a network through which electronic transactions flow from multiple consumer access points to a bank’s host system and/or processor. Technology partnerships with IBM and CheckFree Corporation allow for the delivery of flexible, high utility applications that can be employed at a financial institution for the benefit of end customers.

Integrion’s operating philosophy allows banks to determine the manner and format in which home banking and electronic commerce services are offered, ensuring consistency with the bank’s full range of services, effective branding by the bank and maximum customer benefit. For more information, visit the Integrion Web site at .

About InteliData

InteliData, with headquarters in Herndon, Va., is a leading supplier of home banking software to financial institutions and financial service providers. The Company’s Interpose Financial Engine is a real-time system with connectivity from bank legacy systems to home banking delivery.  Interpose provides a popular home banking connectivity software application that runs on the IBM mainframe, taking advantage of the mainframes’ unlimited scalability to service millions of users 7 days a week, 24 hours a day.  For more information, visit the InteliData Web site at .

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995  This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to the Company’s ability to successfully implement its recently announced outsourcing strategy, the effects of a down-sized workforce on its operations, the impact of competitive products, pricing pressure, product demand and market acceptance risks, timing of customer programs, reliance on key strategic alliances, the ability to attract and retain key employees, manufacturing delays, outsourcing partners, the availability of key component parts, availability of cash for growth, product obsolescence, inventory levels and valuations, ability to reduce product costs, fluctuations in operating results, ability to continue funding operating losses, delays in development of highly complex products and other risks detailed from time to time in InteliData filings with the Securities and Exchange Commission.  These risks could cause the Company’s actual results for 1998 and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, InteliData.

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Emailed Card Solicitations

Bank of Amercia and Juno Online Services announced Monday they are teaming up to market BofA’s credit card products to Juno’s more than 5 million Internet e-mail subscribers. Under the multi-year agreement, Juno’s subscribers will receive offers for a variety of Bank of America credit cards and will be able to complete and submit applications electronically over Juno’s secure, proprietary network. Juno will target market Bank of America’s products through a coordinated campaign of interactive advertisements displayed over the Juno service.

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VISA Famous Streets

For the second straight year VISA and merchants of famous streets of America are joining up to run a summer promotion and sweepstakes. ‘Famous Streets’, VISA’s largest retail and destination campaign nationwide, rewards VISA cardholders for using their VISA cards on any of the following nine famous streets and shopping areas Beverly Hills’ Rodeo Drive; the streets of Manhattan in New York City; San Francisco’s Union Square; Chicago’s Magnificent Mile (Michigan Avenue); Orange County’s South Coast Plaza; Atlanta’s Peachtree Street; Palm Beach’s Worth Avenue; Philadelphia’s Rittenhouse Row; and New Orleans’ Royal Street. Besides special incentives, consumers have the opportunity to win a $25,000 shopping spree and all-expense-paid vacation to the famous street of their choice anytime and anywhere they use a VISA card between now and August 31.

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Cap One Names Investor Relations Director

Janet S. McCabe joins Capital One Financial Corporation as Director of Investor Relations.  In this capacity, Ms. McCabe will be responsible for communicating with the investor community on behalf of Capital One.

Formerly with Legg, Mason, Wood and Walker, Inc., Ms. McCabe was a sell- side analyst with primary responsibility for following the banking and credit card industries.  Prior to joining Legg Mason, Ms. McCabe directed the investor relations program at Crestar Financial Corporation.

“Ja   ‘    perience and knowledge of the credit card industry will enable her to effectively communicate Capital One’s earnings growth and the success of our Information-Based Strategy to create new products and enter new industries,” said Paul Paquin, Vice President for Investor Relations.  “Julie Benson and I welcome Janet to the Investor Relations team, as we increase our ability to add value for Capital One investors.”

Ms. McCabe earned a Masters of Business Administration at Dartmouth College and a Bachelor’s of Arts from the University of Virginia.

Headquartered in Falls Church, Virginia, Capital One Financial Corporation ([http://www.capitalone.com][1]) is a financial services company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products.  Capital One subsidiaries collectively had 12.7 million customers and $14 billion in managed loans outstanding as of March 31, 1998, and are among the largest providers of MasterCard and Visa credit cards in the world.

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

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Cloudy Future

The merger between NationsBank and Bank of America is pitting BofA’s BA Merchant Services against Nation’s/First Data Merchant Services’ Unified Merchant Services. BofA and NB decided Friday that BAMS will be the principal merchant servicer for their combined organization following the merger. NationsBank also said Friday it will seek to renegotiate its existing relationship with First Data Merchant Services in order to assure that there is a single provider of merchant services for the combined entity. NationsBank currently offers merchant services through Unified Merchant Services, a joint venture between NationsBank and First Data Merchant Services. BofA and NB said the impact on their respective merchant servicers is yet to be determined.

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Y2K Seminar This Week

First National Bank of Omaha, a leader in the development of traditional and innovative banking services, announced that it will host a comprehensive Year 2000 Global Forecast Seminar.  The seminar will feature a number of nationally known speakers and will cover mission critical market issues such as the much discussed Year 2000 computer problem and the crucial importance of “clean management” in an organization’s Year 2000 remediation efforts.  The seminar will be held on June 3rd at the Embassy Suites in Omaha, Nebraska.

The keynote speaker for the event will be Mr. Peter de Jager, recognized authority on the Year 2000 computer problem.  Mr. de Jager has addressed the U.S. Congress, the World Bank and numerous countries and international corporations on this issue.  He was one of the first people in the computer industry to focus concern on the Year 2000 problem.

Mr. Gary Beach, Publisher, CIO Magazine and Mr. Thomas Oleson, senior analyst, IDC Research, will give the luncheon keynote address.  Mr. Beach and Mr. Oleson will announce and explain the soon-to-be-released Beach/Oleson Law, a predictive model for the Year 2000 problem.  It is a model based on the number of shared applications an end user has with partners, customers, competitors, etc.  Mr. Beach is widely recognized for his role in founding U.S. Tech Corps, a national nonprofit organization dedicated to improving education by utilizing technology.  Mr. Oleson is an authority on the subject of information technology financial management and has been a featured speaker at many industry conferences.

Panelists will include Mr. Bill Macfarlane, Director of Information Technology, Senn-Delaney; Mr. Wade Downs, Sr. V.P. of Information Technology, Home Shopping Network; Mr. Clayton Marsh, V.P. of Systems Development, First National Bank of Omaha; Mr. Steven M. Maun, Attorney, Baird Holm Law Firm; Mr. Stephen M. Bruckner, Attorney, Fraser Stryker Law Firm; Mr. Gerritt Kerkstra, V.P. Global Acceptance Relations, MasterCard International; and Mr. John McCarthy, V.P. Y2K Project, VISA International.  A mock trial, presented by the law firm of Kutak Rock, will illustrate the legal pitfalls inherent in the Year 2000 issue.

The Year 2000 computer problem or Millennium Bug is a growing concern to business, industry and government.  In the early days of computing, programmers used only a two-digit date code in order to conserve memory. Today, there are literally billions of lines of date sensitive code hidden in computer programs.  Unless this problem is addressed, on January 1, 2000, computers will think that it is 1900 and act accordingly.

Clayton Marsh, Vice President of Systems Development and leader of the First National Bank of Omaha’s Year 2000 program, will present a new suite of Year 2000 tools called Y2KSOLVR(TM) developed by First National Bank to address the Millennium Bug.  The Y2KSOLVR(TM) toolset expedites impact assessment and renovation of source code.

According to Marsh, the product is the only one of its kind to offer an automated “Clean Management” feature, which helps protect corrected code from future contamination.  Additionally, the date aging methodology employed by the tool is unique in the industry.

Founded in 1863, First National Bank of Omaha is the 32nd oldest nationally chartered bank in existence.  First National’s family of banks has more than 6.1 million customers, more than $7.4 billion in assets, and includes a top 25 Visa and MasterCard issuer and a top 10 Visa and MasterCard processor.

CIO Communications, Inc., publisher of CIO Magazine, was formed in 1987 to help CIO’s, IT executives and other senior management executives succeed in their enterprises through the use of information technology.  The company publishes CIO magazine, produces the award-winning web site, and develops and produces CIO Executive Programs — a series of conferences that provide educational and networking opportunities for corporate executives who want to expand their knowledge of technology, business management and innovative products and services.  CIO Communications, Inc., is a subsidiary of IDG, the world’s leading IT, media, research and exposition company.

For more information about the Year 2000 Global Forecast Seminar or First National Bank’s Y2KSOLVR product call Terri Valenta at 402-633-7417.

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CityAccess Expands

North Communications, the leader in multimedia touch technology, announced Friday that its 25 public-access touchscreen locations in New York will allow residents to tap into entertainment options and services — from restaurant reviews to buying flowers.

The application, called City Picks, is available now through Info/New York, North’s Web-based kiosk network that provides New Yorkers with easy public access to a wide range of government services. Through Info/New York’s CityAccess program, residents have been able to pay parking tickets and real-estate taxes, obtain city-related forms and access a wealth of information.

Through the City Picks upgrade, consumers now can touch a new button on the system’s screen to catch reviews of New York City restaurants, events, shows and exhibits. At the touch of another new button, they can view flower arrangements and place Flowers USA orders with the swipe of a credit or debit card. Orders are delivered directly to the recipient in just a day or two.

“This is the first non-governmental feature we’ve added to the network,” says Adam Parker, general manager of Info/New York, that operates CityAccess. “A commercial application like this one demonstrates the wonderful range of functionality public-access touch technology can offer. We expect to further expand the Info/New York system in the near future.”

Parker writes the material included in City Picks’ review module called Parker’s Picks, which offers nine different reviews of entertainment forms in New York, as well as horoscopes. The information is updated every two weeks and is free to all users. From the Parker’s Picks module, users can tap a button that directly links them back to the Flowers USA module and vice versa.

“Flowers USA is very pleased to be able to offer New Yorkers an easy way to deliver flowers to their loved ones,” says Dave Adams, president of Flowers USA. “No longer is the Internet or the telephone the only way to order flowers through us. North’s kiosks now provide an additional platform.”

The Info/New York public-access touchscreen system was launched in 1996 and allows New Yorkers to pay parking tickets and real-estate taxes, while providing them with government forms and information about City Hall, public libraries and city transportation.

North’s public-access touchscreen locations look like ATMs and are equipped with card readers and PIN pads to allow credit and debit card transactions. The Info/New York system has public access locations in high-traffic areas throughout the five boroughs, including Penn Station, the Staten Island Ferry Terminal, public libraries and malls. The system accepts MasterCard, Visa and American Express.

North Communications

Based in Marina del Rey, California, North Communications is a designer, manufacturer, and operator of transactional kiosk networks for the public and private sectors. The company is known especially for its award-winning work in ground-breaking government projects in California, Texas, Pennsylvania, Arizona, Florida, and New York and internationally in Canada, Singapore, Malaysia and Australia. More information can be found on the Web at

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Loyalty Pays

A study on corporate loyalty marketing programs, released Friday, showed that individuals earning $75,000 or more per year showed a preference for credit card, airline and other related loyalty programs while groups earning less than $45,000 (or between ages 18-24) favored loyalty programs by food/beverage companies and restaurant/fast food chains. For spending of $200 with a company, respondents rated $15 off the next purchase, a $15 retail gift certificate and 500 bonus air miles as their favorite loyalty rewards. The study, commissioned by the Carlson Marketing Group, also found that complicated programs and having to purchase too much of the company’s products or services were turnoffs, but nearly half the respondents revealed their purchases from a company would decrease or stop altogether if the loyalty program were discontinued. The study concluded that loyalty marketing (i.e. frequent flyer, shopper programs) is among the most vital strategies in winning new business, retaining current customers and boosting overall customer share.

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Vital Chief Resigns

Last week’s board of directors meeting for Vital Processing Services apparently ruffed up enough feathers to send its president and CEO out the door. Widely respected industry veteran Fred O. Gumbel abruptly resigned from his post Thursday. Vital, a joint venture of TSYS and VISA, released a statement Friday simply saying Gumbel left to “pursue other interests”. There were apparently differences over Vital’s future direction as the company also said Friday it “will move quickly to fill the position with an executive committed to Vital’s strategic vision”. The Vital board appointed TSYS president Philip Tomlinson to act as interim president and CEO.

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Hard Rock

American Express will announce today its exclusive, global sponsorship of ‘HARD ROCK LIVE’, a worldwide television broadcast slated for this summer. ‘HARD ROCK LIVE Presented By American Express’ will be seen simultaneously in 60 countries around the world and will feature top world bands including The Pretenders; Australian singing sensation Natalie Imbruglia; Third Eye Blind; Ben Folds Five; Boyz II Men; Trisha Yearwood;  Ani DiFranco; and Hootie & the Blowfish. The show is set for July 10 on VH1. Today’s sponsorship deal will also include several exclusive promotions for using the AmEx card in Hard Rock Cafe locations.  For the first time ever, Hard Rock will launch a value-added campaign in conjunction with American Express to drive tune-in and increase awareness of the TV series, and to encourage dining in the cafes and increase purchases. There are 87 Hard Rock Cafes in 30 countries.

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