HP/VF Ship SET 1.0 Products

Recognizing the importance of secure transactions in bringing Internet commerce to its anticipated growth of $220 billion by 2001, VeriFone, the leading global provider of secure electronic payment solutions, announced today the first shipment of Internet payment products based on the Secure Electronic Transaction (SET) 1.0 standard, signaling the dawn of truly secure, globalized Internet commerce.

SET, developed by MasterCard and VISA in partnership with VeriFone and other industry leaders, is a standard protocol designed to safeguard credit card purchases made over open networks such as the Internet.

In recent surveys by independent consulting groups, over two thirds of Internet users polled showed a reluctance to pay for purchases using a credit card due to security reasons. Once implemented, SET is expected to allay these fears, enabling a dramatic increase of Internet commerce transactions.

“As a global vendor for electronic commerce products, VeriFone’s solutions, based on the SET protocol, will allow businesses and consumers to unlock the potential of the Internet as a safe, convenient way to shop on-line with a MasterCard,” said Steve Mott, senior vice president, Electronic Commerce/New Ventures at MasterCard International.

Representing the broadest deployment of SET in the world, VeriFone’s products are targeted to be implemented in the world’s largest processors including, First USA Paymentech in North America, GZS-Germany, SSB-Italy, NETS-Singapore and FDR in the UK.

The world leaders in banking are also planning to adopt VeriFone’s solutions including, Wells Fargo Bank and Bank America Merchant Services Inc. in the United States, Royal Bank of Canada, Sumitomo Credit Services-Japan, Garanti Bank-Turkey and Caja Rural de Almeria-Spain.

Together, these processors and banks represent over 200 financial institutions and over a million merchants who will have access to VeriFone’s Internet payment product suite, vGATE, vPOS and vWALLET, to conduct secure transactions across the Internet.

Sistema 4B, the largest processor in Spain, and one of the first to implement SET within Europe, is one of the first customers to implement the production version of vGATE 4.0 based on the SET 1.0 protocol. vGATE is a virtual gateway for accepting and processing volume Internet transactions. Sistema 4B has been using VeriFone’s product to successfully facilitate multiple bank Internet payments, connecting merchants and consumers around the world.

“The deployment of SET products by key industry players such as VeriFone is critical to ensuring the standard of trust and high level of service that Visa customers have come to expect,” said Steve Herz, senior vice-president of Visa International.

“The first shipment of products based on the SET 1.0 protocol marks a watershed event in the market for Internet commerce,” said George Hoyem, vice president and general manager of VeriFone’s Internet Commerce Division. “VeriFone is providing the kind of powerful, flexible, trusted solutions that financial institutions, merchants and consumers have come to expect from us as the industry leader.”

VeriFone was a pioneer in bringing electronic payments to the retail market and is now using this knowledge as the foundation for delivering electronic payment systems to the virtual market place. To help make Internet commerce a reality, VeriFone offers a comprehensive payment suite based on the SET 1.0 protocol to financial institutions and processors (vGATE), merchants (vPOS) and consumers (vWALLET).

“Microsoft and VeriFone have worked together closely in support of the SET initiative,” said Rich Tong, vice president, Personal and Business Systems Group at Microsoft. “The integration of their SET 1.0 vPOS with Site Server, Enterprise Edition allows us to provide end-to-end industry leading eCommerce solutions for merchants and financial institutions worldwide.”

VeriFone is dedicated to offering easy to use commerce solutions. Industry leaders like Microsoft, Netscape, and Oracle are integrating VeriFone’s payment engine, vPOS, into their commerce products, making complete solutions available to a wide range of merchants. OpenMarket is also planning to integrate vPOS into their e-commerce offerings.

“As a pioneer in secure transaction protocols, Netscape believes that standards such as SET are essential for conducting electronic transactions over the Internet,” said Taher Elgamal, chief scientist at Netscape. “The introduction of SET 1.0 systems from industry leaders like VeriFone will help the Internet continue to grow as a platform for Internet commerce.”

“Customers of Oracle’s electronic commerce products need to integrate their solutions into payment systems,” said Beatriz Infante, senior vice president of Oracle’s Application Server Division. “The integration of VeriFone’s vPOS software into Oracle’s range of electronic commerce offerings provides a secure and efficient answer.”

In addition, VeriFone’s solution is compatible with the leading SET certificate authorities, VeriSign and GTE CyberTrust. Products from these certificate authorities are a key element in SET transactions, making adoption and implementation of SET 1.0 based products smoother and faster.

“VeriFone is clearly leading the way to a SET 1.0 world,” said Stratton Sclavos, president and CEO of VeriSign. “The combination of a VeriFone SET1.0 solution integrated with VeriSign certificate services, will allow banks and financial institutions a simplified, turn-key implementation for deploying merchant and cardholder services.”

A SET Transaction

VeriFone’s open architecture and partnerships with technology leaders enables seamless integration of the Internet commerce suite for financial institutions, merchants and consumers. For example, after receiving the easily downloaded digital certificate from VeriSign or GTE and storing it in the vWALLET, a customer shops at an Internet storefront built on a Microsoft, Netscape or Oracle Internet commerce server.

To purchase, the customer clicks the pay button which activates the vWALLET. After choosing a credit card, the transaction is signed and encrypted with the digital signature, and sent to the merchant for the order through vPOS, and to the bank for payment authorization. The transaction passes through the vGATE, is authorized, re-encrypted and returned to both the merchant and customer, completing the transaction.

About VeriFone

VeriFone, Inc. (), a wholly owned subsidiary of Hewlett-Packard Company, is the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than six million electronic payment systems, which are used in over 100 countries.

About HP

HP is the official information-technology hardware and maintenance supplier to the 1998 World Cup soccer tournament.

Hewlett-Packard Company is a leading global provider of computing, Internet and intranet solutions, services, communications products and measurement solutions, all of which are recognized for excellence in quality and support. HP has 120,500 employees and had revenue of $38.4 billion in its 1996 fiscal year.

Information about HP and its products can be found on the World Wide Web at .

VeriFone, the VeriFone logo, vGATE, vPOS and vWALLET are either registered trademarks or trademarks of VeriFone, Inc., in the US and/or other countries. All other company names, brands or products may be trademarks or registered trademarks of their respective



Restaurant Gift Card

It looks like a credit card but acts like a gift certificate. It’s the new Rock Bottom Restaurants Gift Card, an innovative sleek-looking plastic card, that makes the perfect stocking stuffer or holiday gift.

Rock Bottom gift cards are the ’90’s replacement to the traditional paper gift certificate. Customers can use them for food, drinks or merchandise. They can be purchased in any dollar amount and recipients can use the card as many times as it takes to use up the balance. The Gift Cards are “rechargeable” as well, by purchasing any desired additional dollar amount. And they can be personalized. When the card is used, the recipient name appears right on the receipt. Best of all, they come already wrapped, in a beautiful card carrier and matching envelope.

Rock Bottom Gift Cards are good at any of the company’s 60 restaurants across the country. They include Rock Bottom Restaurant and Brewery, Old Chicago, the Walnut Brewery and the District or Denver Chophouse & Brewery.

Rock Bottom was the first restaurant company to introduce the plastic debit-type gift certificate last year. “We’ve had tremendous response, both from the industry and our customers,” says Karen Willison, vice president of marketing. “The benefits of this program are numerous. With the plastic card, there is no need to worry about cash or credit cards. Its convenient and fun to use. And from a company standpoint, it allows us to track redemption rates and sales almost immediately, and gather valuable database information.”

The Gift Cards are available at any Rock Bottom Restaurants, Inc. location across the country, or by calling 1-888-238-BREW (2739). The Louisville, Colorado-based company is publicly held and listed on Nasdaq as (BREW).


Advanta Exits

Reeling from a number of miscues during the past twelve months Advanta reached a definitive agreement yesterday to sell the bulk of its $10.5 billion credit card portfolio to Fleet Financial Group. The agreement will produce an after-tax gain for Advanta of $500 million. Advanta estimated Tuesday the total value of the transaction to be $1.3 billion. The purchase will move Fleet into the “Top Ten” of bank credit card issuers. According to third quarter data gathered by CardData, the combined portfolio will have total receivables of $12.6 billion. Fleet will therefore become the nation’s ninth largest issuer, based on outstandings, surpassing #10 Optima. Fleet’s customer base will grow from 2.3 million to about 8.3 million accounts.

Advanta’s meltdown began last fall following the launch of its partnership program with American Express involving the ‘Rewards Accelerator’ VISA and MasterCard which linked AmEx’s rewards program to a VISA and MasterCard. Advanta became embroiled in trademark litigation with VISA and MasterCard over the product and eventually, after challenging the card associations, agreed to terminate the program. At the time Advanta’s portfolio peaked at $12.9 billion. During the fourth quarter the company lost key executives followed by a $20 million operating loss in the first quarter of this year. In a effort to regain profitability Advanta engaged in an portfolio-wide repricing which boosted average cardholder interest rates by 300 basis points. Advanta also boosted fees, introducing account closing and dormancy fees. Since the peak at the end of the third quarter last year Advanta’s portfolio dropped to $12.7 billion (4Q96), $12.2 billion (1Q97), $11.2 billion (2Q97), to $10.5 billion (3Q97) according to RAM’s CardData. The shrinkage has been largely attributed to tighter underwriting and higher attrition from the repricing efforts.

Fleet said yesterday management of the combined Fleet and Advanta portfolio will initially report to Fleet vice chairman H. Jay Sarles. Mr. Sarles’ first assignment is to recruit a CEO for its new credit card operations. Approximately 1900 Advanta employees will join Fleet.


The New Advanta

While the company is unloading its consumer credit card portfolio Advanta said it will retain its corporate card business. Receivables for Advanta’s business card products have risen from $218 million last year to $606 million at the end of the third quarter, according to CardData. Advanta is also retaining its mortgage and business services companies. Advanta National Bank and Advanta Financial Corp, the company’s two banks, will also remain. Advanta announced also announced Tuesday it will buy back about $800 million of its common stock after the transaction. The company estimates its book value will be about $650 million next year. Advanta will have combined managed assets of $8.4 billion and an additional $10.3 billion of mortgage contracts serviced.


A Rewards Program that Works

Do consumers really take advantage of those rewards that retailers offer to frequent shoppers? In the case of store gift certificates offered to private label charge card holders, the answer is apparently a resounding “yes.”

A recent study of consumer buying habits by Shoppers Charge Accounts Co. (SCA), found that 88% of all gift certificates mailed under its Prestige Points rewards program were redeemed. Moreover, the frequent shopper gift certificate program spurred the cardholders to increase their spending by an additional 48%. In effect, a gift certificate-holding customer will spend an average of $148 for every $100 of the certificate’s face value, the study reported.

The six-month study involved 30 SCA merchants operating more than 200 stores. With SCA’s Prestige Points frequent shopper program, free gift certificates are mailed to cardholders when their charged purchases at the participating merchant reach designated dollar values.

“This is a ‘win-win’ situation for customers and retailers alike,” said Ed Fechner, senior vice president of Mahwah, N.J.-based SCA, which administers private label charge card programs for chain and independent retailers nationwide. “Customers benefit by receiving a valuable gift certificate while retailers find such programs generate additional sales and traffic. Cardholders have an incentive to shop at the store to earn points towards the reward. Then, when returning to buy goods with the gift certificate, these customers’ purchases exceed the certificate’s face value.

SCA is a division of the Hudson United Bank subsidiary of HUBCO (Nasdaq: HUBC), a New Jersey-based bank company. HUBCO currently operates a total of 85 branches in New Jersey and Connecticut with assets exceeding $3 billion.


Fleet Rated by Fitch

Fleet Financial Group’s senior debt is affirmed at ‘A’ by Fitch, following its announced intentions to acquire the credit card operations of Advanta Corp. In addition, Fleet’s commercial paper is affirmed at ‘F-1’ and its subordinated debt and preferred stock at ‘A-‘. The purchase premium for Advanta’s approximately $11.5 billion of managed credit card receivables appears appropriate, given Fitch’s assumptions about expected chargeoffs and delinquency experience over the next two years. Fleet will combine its existing $2.7 billion credit card portfolio with the acquired business, creating the ninth largest U.S. based credit card organization. The purchase is expected to close early in 1998.

The ratings reflect Fleet’s acquisition-minded expansion plans, as the company has pending the addition of an institutional asset manager, the discount broker Quick & Reilly, and Advanta’s portfolio. While the balance sheet addition of these three will represent a modest 10% increase in assets by the end of 1998’s first quarter, the nature of competitive risk in discount brokerage, as well as asset quality considerations of the credit card operations in the event of an economic slowdown, could impart some uncertainty to both fee and interest sensitive revenues. Fitch’s concerns also include the inherent challenges of integrating and managing new operations and implementation of the necessary control procedures.

Pro forma for these acquisitions, Fleet will become the eleventh largest bank in the nation, adding approximately $8.2 billion of assets. Fleet has terminated its share buyback program and intends to temporarily leverage excess capital in its securities portfolio. Fitch expects the company will continue to maintain capital ratios at or near current levels, which presently are above well capitalized minimums.

The ‘A+/F-1’ long-term certificates of deposit and deposit note ratings of Fleet’s subsidiary banks, Fleet National Bank, Fleet Bank (NY), Fleet Bank N.A., Fleet Bank of Maine and Fleet Bank-NH, are also affirmed. Furthermore, the ‘A+/F-1’ structured finance rating for Fleet National Bank and the ‘A-‘ rating for Fleet Capital Trust II’s trust originated preferred securities are affirmed.


FIC to Process BestBank Cards

First Independent Computers Inc., a subsidiary of Columbia Capital Corp., announced today that it has signed a processing contract with BestBank, Boulder, Colorado, to process BestBank’s credit card portfolios.

Kenneth A. Klotz, president of First Independent Computers (FIC), said the value of the contract to FIC is estimated to be approximately $12 million annually in processing revenue. He said that BestBank, a major credit card issuer, turned over to FIC the processing of approximately 300,000 VISA accounts previously processed by First Data Corp.

BestBank also anticipates that this portfolio will grow by a minimum of 300,000 accounts during the next year due to aggressive marketing programs.

First Independent Computers, headquartered in Abilene, Texas, is involved in credit card service support and transaction processing; banking/financial services and data processing; and document management and distribution services.


Mail Boxes Etc. Credit Card Activated Biz Kiosks

Mail Boxes Etc. Tuesday announced that it has entered into a joint venture with USA Technologies Inc..

Under the terms of the agreement, the companies will co-market MBE Business Express, 24-hour-7-days-per-week, fully automated business center kiosks for business travelers.

MBE Business Express provides credit card-activated, self-service systems for business travelers and consumers who need to use personal computers, printers, copiers and fax machines while they are away from their office or home. A simple swipe of any major credit card activates the office equipment and computer stations that offer many popular software programs as well as access to the Internet. Each MBE Business Express unit also will feature dial-through capability to a nearby Mail Boxes Etc. center for additional business, communications and postal services.

“Our joint venture with USA Technologies means we can provide important services at convenient locations to help make business easier for small-business/home-office workers,” said James Amos, president and chief operating officer of Mail Boxes Etc. “Business persons who struggle with increasing workloads, looming deadlines and unfamiliar surroundings will soon know to look for MBE Business Express units during their travels.”

“Entering into this joint venture with a well-known business brand name such as Mail Boxes Etc. is certainly an important milestone for our emerging company,” said George R. Jensen Jr., president and chief executive officer of USA Technologies. “This agreement is particularly noteworthy in that it opens up significant short- and long-term opportunities for both companies.”

An MBE Business Express unit will be unveiled at the International Hotel, Motel & Restaurant Association convention on Nov. 8, 1997.

Mail Boxes Etc., with headquarters in San Diego, is the world’s largest franchisor of retail business communication and postal service centers. There are more than 3,400 MBE centers operating worldwide, with master licensing agreements in place for the development of the MBE business in 58 countries around the world. In the United States, MBE centers are owned and operated by licensed franchisees of Mail Boxes Etc., USA Inc. Outside the United States, MBE centers are owned and operated by master licensees or their franchisees. MBE maintains a Web site at .

USA TEchnologies is a leading owner and licensor of networked, credit card-activated control systems for the personal computer, copier, facsimile and vending industries. The company’s proprietary technologies make available unattended, point-of-sale control systems for credit card payments.


MCS Goes nFront

Modern Computer Systems, Inc. (MCS) announced today that it has selected nFront, a leading provider of Internet banking solutions for community banks, to provide the nHome(tm) Internet banking solution to its customer base. Headquartered in Burnsville, Minnesota, Modern Computer Systems, Inc. (MCS) is a leading developer and provider of in-house banking software to financial institutions worldwide.

“Most of the Internet banking providers in the marketplace today haven’t actually completed a product, and those who have are currently targeting only the largest banks in the United States and around the world,” said Ronald L. Ingersoll, president and CEO of MCS. “In addition to actually being in-use across the country, nFront’s nHome is both a powerful and affordable solution that gives community banks a competitive edge in providing their customers with secure Internet banking services.”

MCS’s flagship product is the BankServ System, a core data processing system for community banks. Under the agreement, MCS will market the nHome solution to its customer base. BankServ interfaces with nHome to offer community bankers a complete package of item processing, account processing, bill payment and Internet banking services.

“We partnered with MCS because we felt they also have the same dedication to developing and servicing their products as we do,” said Tripp Rackley, president of nFront. “MCS is committed to delivering the best product to their customers, and we are here to support that goal when it comes to Internet banking. By combining MCS’s solutions with nHome, community banks will have a powerful and affordable tool to better meet the banking needs of their customers.”

“MCS and nFront have both carved a strong market niche with community banks,” continued Ingersoll. “By partnering, our companies can continue to provide community banks with high-tech, high-touch computer solutions. Community banks can now compete at the highest level against their larger bank competition by offering a secure banking environment at an affordable price.”

The nHome solution offers community bank customers full-service Internet banking, allowing their customers to open new accounts, apply for loans, view account balances and history, transfer funds, pay bills electronically, view personal information on record at the bank, generate reports based on customer activity, download Active Statements into personal financial management software, interact with customer representatives via e-mail, and have access to a bank that is open 24 hours a day, 365 days a year. Currently, 12 banks are using the nHome Internet banking solution.

Founded in 1996, nFront owns the registration rights of the www.banking.com domain name. nHome supports the highest level of data encryption available today and runs on the Windows NT operating system. nFront is also a Microsoft Solution Provider.

For more information on nFront and Internet banking solutions, contact Alan Powell, (706)-369-3779 ext. 234, apowell@banking.com ; or write to nFront at 1551 Jennings Mill Rd., Suite 800A, Bogart, GA 30622.


SoftCart to use PGP

Mercantec, Inc., (), a leading provider of open retail electronic commerce solutions, today announced it has signed an agreement to incorporate Pretty Good Privacy, Inc.’s PGP encryption software with its Mercantec SoftCart virtual store application. The agreement will make PGP’s encryption an integral part of the SoftCart virtual store software package, as opposed to requiring on-line merchants to purchase additional security software and integrating it themselves.

By integrating PGP’s encryption, the strongest commercially available (no less than 128 bits), Mercantec SoftCart becomes the first virtual store software to incorporate PGP’s protection at the server level as a turnkey part of its offering. SoftCart has always supported SSL encryption to protect shoppers’ credit card information over the Web. In addition, Mercantec has encouraged merchants to use PGP encryption from the time the order is complete until a merchant retrieves the order on his own PC. Integrating PGP into SoftCart now makes the process of protecting customer orders from potential hackers at an ISP’s server or merchant’s own Web server simple and invisible to the merchant.

“Web merchants and consumers are concerned about stolen credit card numbers and orders on the Internet, so Mercantec wants to ensure we’re doing all we can to make it easy to protect SoftCart merchants and their on-line customers,” said Bill Tait, vice president, product management at Mercantec, Inc. “Mercantec is removing what might have been potential barriers to utilizing the strongest security possible for merchants. Now even if the server or the merchant’s PC is illegally accessed, merchants can rest assured that their transactions will still be secure.”

PGP technology protects the privacy and security of on-line e-mails and files with the strongest encryption commercially available, compared to messages encrypted with standard 40-bit technology. By integrating PGP with SoftCart, any information that SoftCart receives on a merchant’s on-line store, such as credit card numbers, customer orders or files, will automatically be encrypted by SoftCart and can only be decrypted at the merchant, or client, level. SoftCart including PGP will be released in first quarter 1998. Current SoftCart customers will receive the upgrade free, as part of their licensing agreement.

“We’re pleased that a leader in electronic commerce retail software chose to license PGP’s technology, which offers the strongest protection possible for merchants on the Internet today. The flexible architecture of both PGP and SoftCart allows merchants to easily and cost-effectively realize the benefits of secure e-commerce,” said Olivia Dillan, vice president, product development at PGP. “By integrating PGP with SoftCart, Mercantec has demonstrated that it truly cares about the security of its on-line merchants — and their customers.”

About Pretty Good Privacy, Inc.

Pretty Good Privacy, Inc. based in San Mateo, California, is the pioneer and leading provider of applied cryptographic solutions for securing corporate digital assets and protecting individual privacy. PGP is committed to providing the most advanced security products for the digital age, safeguarding the communication and storage of information. With over four million users in 50 countries, and translations into 25 languages, PGP is the worldwide de facto standard for Internet email and file encryption. For more information, visit our Web site at

About Mercantec, Inc.

Since its founding in 1995, Mercantec, Inc., has become the leading provider of open retail electronic commerce software. Mercantec SoftCart software enables merchants to expand their geographic reach by marketing and selling goods and services via the World Wide Web. Mercantec has partnered with a worldwide network of more than 60 Internet Service Providers (ISPs) and Web hosting service providers, including Hiway Technologies, MindSpring, and PSINet, to offer affordable hosting and electronic commerce solutions to merchants. Mercantec’s other distribution channels include American Express, Web consultants, software developers, integrators and OEMs, including Tandem Computers. SoftCart utilizes StateTrack technology to provide 100 percent shopper privacy.

Mercantec SoftCart supports all known Web servers including Microsoft, Netscape, Spyglass, and APACHE. Mercantec SoftCart runs on Windows NT, Windows 95 and the most popular UNIX platforms including Sun Solaris, SGI IRIX, Linux, SCO UNIX, HP/UX, Free BSD and BSDI.

Mercantec is headquartered in Lisle, Ill. To learn more about Mercantec, visit the company Web site at


Fitch Rates New Advanta

Advanta Corp.’s (and related entities) debt remains on FitchAlert evolving, following the company’s announcement it will contribute its consumer credit card business and related debt and deposits to a newly formed limited liability company that will be roughly 99% owned by Fleet Bank (senior debt rated ‘A’) and 1% owned by Advanta, says Fitch. A list of the approximately $2.9 billion of deposits and $2.5 billion of debt of Advanta and Advanta National Bank (ANB) affected follows below. Fleet will be paying a premium of roughly $500 million, in addition to the assumption of roughly $2.3 billion of ANB’s debt and deposits. Subsequent to the transaction, Advanta will initiate a tender offer for roughly $750-$850 million of the company’s class A and B common stock.

Ratings on the debt and deposits of ANB that will be transferred to the new company are expected to be raised to the ratings of Fleet Bank. Ratings on the debt of Advanta and the obligations of ANB that will remain with Advanta will either be affirmed or lowered depending on a full due diligence of the remaining operations. Ratings on the banks’ asset-backed securities transactions are not affected by this action.

Advanta, with $16.3 billion of total managed receivables at Sept. 30, 1997, has historically been concentrated in the credit card sector, with roughly 80% of its revenues represented by that line and the remainder coming primarily from the mortgage business and a small ticket leasing and business credit card operation.

The disposition of Advanta’s $10.5 billion credit card portfolio eliminates a large element of risk from the company, as that portfolio has been suffering from substandard asset quality performance. Margins, which fell significantly, started to recover during the second and third quarters of 1997, as the company implemented broad-scale risk-based repricing programs and tightened underwriting and collection efforts. The portfolio has also been shrinking, due to tighter underwriting and higher attrition from the repricing efforts.

However, Advanta will be substantially smaller and highly concentrated in the mortgage sector. After the disposition of the credit card receivables, pro forma managed receivables of roughly $5.8 billion will be comprised nearly 80% of mortgage receivables. The mortgage business, which focuses on the nonconforming segment of the home equity loan market, has been growing rapidly. Managed receivables nearly doubled to roughly $4.6 billion at Sept. 30, 1997 from $2.3 billion a year earlier. In addition, the contract servicing portfolio increased over four-fold in the last year to $8.9 billion at Sept. 30, 1997.

After the disposition of the credit card assets and the tender offer for the company’s common stock, Advanta’s equity will decline to $646 million from $980 million. Each of these figures includes $100 million of capital securities. Leverage will decline substantially, with equity to managed assets increasing to a strong 7.2% from 4.7% at Sept. 30, 1997.

Issues affected are:
Advanta Corp.
‘BBB’ medium-term notes
‘BBB’ medium-term notes, series C
‘BBB’ medium-term notes, series A shelf registration
‘BBB’ medium-term notes, series B shelf registration
‘BB+’ stock appreciation income linked securities (SAILS)
‘BB+’ capital securities (Issued by Advanta Capital Trust I)
Advanta National Bank
‘BBB’ subordinate notes
‘BBB’ subordinate notes shelf registration
‘BBB+/F-2’ certificates of deposit
‘BBB+/F-2’ bank notes
‘BBB+/F-2’ bank notes shelf registration