BankAtlantic’s New Campus Branch

Amid the first day of the fall semester swirl of students, faculty and others on the Boca Raton campus of Florida Atlantic University (FAU), BankAtlantic today opened the doors of its innovative, full-service banking branch located on the second level of the University Center. The new branch provides students, faculty, administrators and other FAU employees the convenience of a complete line of banking services housed in a central, easy to walk to location. The branch is open Monday through Friday from 8:00 a.m. to 4:15 p.m.

The FAU branch offers access to financial products usually associated with traditional off-campus banking facilities, and serves approximately 3,300 employees and 12,800 students on FAU’s Boca Raton campus. BankAtlantic, which since 1994 has operated one ATM on campus, will this week activate ATMs on the first floor level of the University Center and in the Administration Building. Also, BankAtlantic presently operates ATMs on FAU campuses in Davie and Palm Beach Gardens.

“We are excited about BankAtlantic’s partnership with FAU, and the highly competitive banking services program we have developed exclusively for FAU students, faculty, administrators and employees,” commented BankAtlantic Senior Vice President for Corporate Product Development Eris Sandler.

BankAtlantic’s special banking services program offers FAU students, faculty, administrators and employees the choice of free basic checking with a free first order of standard checks, or participation in the popular BankAtlantic Generations Gold checking product. This program is provided to FAU participants at a cost of $3.50 per month, or 50% off the standard monthly membership price. Generations Gold provides: Free standard checks; no monthly minimum balance required; no per check charges; free ATM access at hundreds of BankAtlantic ATMs statewide; $10,000 “All-Risk” accident insurance coverage; no fee Visa and Mastercard to qualified applicants; and special travel, health care, local merchant and long distance telephone discounts.

Along with either free Basic Checking or Generations Gold, full-time FAU students, faculty, administrators and employees receive free online account access and bill payment service via Microsoft Money ’97, Quicken, or BankNOW on America Online.

Manager of the FAU branch is Joseph Jenkins, who can be contacted at 561-361-2889.

BankAtlantic is the second largest financial institution based in Florida, and operates 60 full-service branches in Broward, Palm Beach, Dade, Sarasota, Lee, Charlotte, Osceola, Flagler and Manatee counties. BankAtlantic Bancorp, (NYSE: BBX) the parent company of BankAtlantic, is a public company whose Class A Common Stock trades on the New York Stock Exchange under the symbol BBX, and whose Class B Common Stock trades on the Nasdaq National Market under the symbol BANC.


Gelco Announces ExpenseLink 2.1

Gelco Information Network, the leading U.S. supplier of outsourced solutions for business travel expense management and reimbursement, today announced the availablity of ExpenseLink 2.1 Travel and Expense Management System. ExpenseLink 2.1, a complete outsourced solution that relieves companies of the cost and administrative burdens of travel expense management, now allows travelers to choose to submit expense reports to Gelco via the Internet, instead of by modem, simplifying MIS support and cutting expense submission time to seconds.

Not all business travelers use laptop computers and modems. ExpenseLink 2.1 speeds and simplifies expense reporting for corporate travelers who use desktop, networked computers. ExpenseLink 2.1 enables these travelers to submit expense reports to Gelco via their corporate Internet gateways, instead of by modem or modem pool. Because the network is immediately available and offers high data transmission speeds, it takes just seconds to transmit an ExpenseLink 2.1 expense report. Tapping the power of the corporate network, ExpenseLink 2.1 makes it easy to add users from divisions and networked branch offices, and eliminates modem-specific support requirements.

ExpenseLink offers companies with 150+ travelers the most reliable and cost-effective solution for reimbursing cash and corporate card expenditures. Outsourcing expense management to Gelco can cut the total cost of processing expense reports by more than 70%. Unlike software packages, Gelco outsource solutions enable companies to consolidate multiple expense reporting systems, or quickly implement a new program, without heavy demands on MIS – a resource often absorbed by mission-critical projects.

ExpenseLink speeds and simplifies expense management by providing employees a strong incentive to complete and file their expense reports: reimbursement within three business days. The ExpenseLink solution pays any and all corporate cards on time, eliminating late charges. Automated general ledger updates, from verified Automated Clearing House transactions, are then available for ad hoc queries, and for electronic transfer to the major accounting software packages, including SAP and PeopleSoft.

Using a “best practices” methodology, ExpenseLink automatically pays standard business expense, and flags irregular or excessive requests for special attention. Inappropriate past payments can be rectified by debits to new reports. By automatically paying standard expenses and focusing managerial attention on exceptions, the system streamlines the expense process and gives finance managers a current assessment of liabilities.

Gelco Information Network, Eden prairie, Minn., is a leading worldwide supplier of cost-effective, outsourced trade payment and expense management solutions to U.S. and multinational Fortune 1000 companies and to government agencies. For more information on ExpenseLink 2.1, call Gelco at 800-444-6588 or visit Gelco’s Web site at : [][1]



MBNA Downgraded Again

Standard & Poor’s says MBNA’s capital levels continue to trail MBNA’s rapid growth in managed assets and remains highly leveraged. S&P says after adjusting for securitizations, MBNA’s capital and reserves as a percentage of managed assets was 4.56% at mid-year. As a result S&P lowered its ratings Friday of MBNA Corp and MBNA America Bank but did not change ratings on MBNA’s card securities, short-term counterparty and uninsured CDs. MBNA responded to the action by pointing out that an evaluation of the real market value of MBNA’s managed assets would show its capital far exceeds stated capital. MBNA also says it just came off its “best ever quarter” with S&P’s equity department giving the card issuer its highest “buy” rating. MBNA is currently the fastest growing major issuer according to the August issue of CardTrak. CardTrak says MBNA is currently growing 28% faster than Citibank and may emerge as the nation’s #1 card issuer, ranked by receivables, by year-end.


Customer Service Fee

Secured and sub-prime card issuer First Premier Bank of Sioux Falls, SD has begun charging its cardholders a $1.00 monthly fee for unlimited access to its VRU for personal account information. First Premier formerly participated in the PinPoint service and was charging 50 cents to 80 cents for each inquiry in excess of three per month. An inquiry was defined as access to one piece of account information such as available credit, last payment or balance. First Premier has tripled its cardholder base in the past 18 months to 149,276 accounts, according to CardData. The issuer recently signed a marketing contract with Future Card, Inc. of Venice, FL.


[1]: /graphic/firstpremierbank/pre2.gif


New SAP R/3 Released

At its SAPPHIRE(R) ’97 user conference today, SAP AG announced that R/3(TM) Release 4.0 will be shipping to customers by year-end 1997 and will be generally available by the second quarter of 1998.

The next major version of SAP’s enterprise solution, R/3 Release 4.0 delivers new best-in-class functionality, improved speed and flexibility, faster implementation and upgrades, and the most comprehensive extended supply-chain capabilities available.

With R/3 Release 4.0, new Business Components and complementary software products, SAP provides complete and enhanced business solutions for several industries, including retail, public sector and utilities. The addition of SAP Retail in R/3 Release 4.0 makes SAP the first vendor to offer extended supply-chain business processes from the point of product design to the point of consumption.

Mix-and-match solutions have traditionally provided specialized functionality at the expense of enterprisewide visibility and integration; with R/3 Release 4.0, companies no longer have to accept this trade-off.

Release 4.0, based on the SAP Business Framework(TM) component architecture, marks the first time SAP will deliver major new R/3 functionality through components, providing customers with a new level of speed and flexibility for integrating best-in-class business processes for industry-specific, business or global expansion — one component at a time.

R/3 Release 4.0 delivers the following:

— The most comprehensive financial applications, including a new Treasury component

— New logistics functionality, boosting SAP’s leadership in the enterprise resource planning (ERP) market

— A new Human Resources component, providing the broadest set of global capabilities available

— Complete and enhanced business solutions for supply chain, retail, public sector, utilities, and aerospace and defense

— Business Framework tools and integration technologies, providing unprecedented openness and flexibility

“R/3 Release 4.0 is a landmark release for SAP in terms of leveraging the Business Framework to expand into new markets and industries,” said Prof. Dr. Henning Kagermann, executive board member of SAP AG.

“It is not only a major release in terms of functionality, it demonstrates SAP’s commitment to delivering complete solutions for industries by integrating SAP components and third-party components.”

Best-in-Class Functionality Without Sacrificing Integration or Flexibility

By evolving R/3 into a family of integrated components with the Business Framework, SAP has been able to provide significant new capabilities with Business and Internet Components, each on its own release cycle independent of R/3. Further, SAP has dramatically enhanced the breadth and depth of its core capabilities.

Based on close collaboration with customers, SAP has overhauled and streamlined the end-user interaction for virtually all transactions and added a new “active” help facility for increased ease of use.

(In fact, so much is new in R/3 Release 4.0 that additional details on new functionality, components, industries and technology have been provided in separate news briefs. New Internet and Business Components that are also compatible with R/3 Release 3.x are indicated by Note A.)

— SAP delivers the world’s most comprehensive financial applications, which include enhancements to core financial functionality such as corporate costing with transfer pricing, activity-based costing, profitability simulation, and decentralized controlling and budgeting. Release 4.0 has opened up R/3 with new business event-based publish and subscribe capabilities. Further, SAP is adding new country versions for Argentina and Brazil and support for the new euro currency. In addition, SAP is delivering five new financial Business Components:

— Consolidation
— Investment Controlling
— Treasury
— Self-Audit
— Joint Venture Accounting

“We worked closely with SAP on the development of Activity Based Costing in R/3 Release 4.0,” said David A. McDonald, senior director, operations control, Anheuser-Busch Inc. “This functionality will allow companies to focus not only on product costing, but also on the underlying business processes.”

— New R/3 Release 4.0 logistics functionality boosts SAP’s leadership in the enterprise resource planning (ERP) market with enhancements to the core applications, focusing on the extended supply chain including flow manufacturing, distribution resource planning, sequencing, euro price management, and credit and payment card handling. In addition, SAP is delivering several new Business and Internet Components:

— Sales Configuration Engine (SCE)(Note A)
— Product Data Management (PDM)(Note A)
— Available-to-Promise (ATP) Server
— Web-Based Catalog and Purchase Requisition System(Note A)

— New Human Resources (HR) component provides the broadest set of global capabilities available and is the first core application area of the SAP R/3 System to become a Business Component that can be either used independently or integrated, and can be upgraded on its own release cycle. A new Travel Management component is also available for HR or Financials. R/3 Release 4.0 adds support for euro and dual currency across HR and Payroll. In addition, SAP has doubled the number of countries supported with Payroll to 30, including Argentina, Brazil, Hong Kong, Indonesia, Ireland, Italy, Malaysia, Mexico, New Zealand, Norway, Philippines, Portugal, Sweden, Taiwan, Thailand, and Venezuela.

— R/3 Release 4.0 adds advanced functionality and enhances the business solutions for several industries including retail, public sector, utilities, and aerospace and defense. The new SAP Retail solution completes SAP’s extended supply-chain offering from design and manufacturing through distribution to the point of consumption. In addition, enhancements to Financials, Logistics and HR provide significant new industry-specific functionality for the automotive, chemical, consumer goods, high-tech, engineering and construction, financial services, oil and gas, telecommunications, and pharmaceutical industries. (See related industry news briefs and fact sheets.)

— Business Framework, evolving within R/3 Release 4.0, provides new tools and integration technologies for unprecedented openness, flexibility and agility. Enhancements to Business Framework in the Release 4.0 time frame improve the ease of use and maintenance of R/3, extend its integration and openness based on industry standards (e.g., DCOM and Java), and accelerate initial implementation and continuous business process innovation for R/3 customers. (See today’s Business Framework news release and Business Engineer(TM) and related Business Framework technology news briefs.) Business Framework will allow SAP to complete the core componentization of the R/3 System by making Financials and Logistics independent Business Components with the next major release.

In addition, SAP’s new SCOPE initiative for supply-chain optimization, planning and execution — also announced today — fully leverages and complements the advanced logistics functionality of R/3 Release 4.0 to round out SAP’s end-to-end supply-chain solution.

Key to the SCOPE initiative is a new component called Advanced Planner and Optimizer (APO), which extends the R/3 System to provide high-performance real-time optimization, forecasting and graphical decision support. (See SCOPE news release.)

“SAP R/3 Release 4.0 once again raises the bar of core functionality that can be provided by enterprise resource management (ERM) vendors,” said Barry Wilderman, vice president, application development strategies, Meta Group.

“Consistent with the ERM framework, which recognizes the value of interenterprise commerce and the fact that planning — the ‘P’ in ERP — must be surrounded by core transaction processing, SAP’s new APO component illustrates the importance of combining planning and operations.”

AcceleratedSAP for Upgrades

SAP has built on its highly successful AcceleratedSAP(TM) rapid implementation initiative to create a new methodology to ensure a smooth and timely R/3 Release 4.0 upgrade process for customers currently using R/3 Release 2.2 and above.

SAP has also provided new tools to enable customers to perform much of the upgrade while their current production system is running, further reducing potential downtime during the upgrade. The new Business Engineer for Release 4.0 enables customers to upgrade and innovate their business process while ensuring consistency on a global basis.

About SAP

SAP made the announcement at SAPPHIRE ’97, the company’s annual North American user conference. This year’s SAPPHIRE, held in Orlando, will draw more than 10,000 attendees and more than 100 corporate partners to participate in a series of forums for gathering and exchanging information on the future of enterprise computing and business strategies.

SAP is a market and technology leader in client/server enterprise application software, providing comprehensive solutions for companies of all sizes and all industry sectors.

Cultivating innovative technologies on a solid foundation of business experience, SAP delivers scalable solutions that enable its customers to continually improve upon best business practices. SAP products empower people to respond quickly and decisively to dynamic market conditions, helping businesses achieve and maintain a competitive advantage.

Founded in 1972, SAP is based in Walldorf, Germany, and employs more than 11,000 people at offices in more than 40 countries who are dedicated to providing a high level of support and service for the more than 11,000 installations of R/3 worldwide. SAP’s World Wide Web site can be found at [][1]



Customer Names On Trial

First National Bank of Omaha and Trans Union are battling it out before a U.S. District Court jury in Omaha this week. FNB contends Trans Union violated confidentiality agreements by selling the names of First National’s cardholders to competitors. First National filed the lawsuit in February 1995 after it seeded its three million name cardholder database and discovered the seeded names receiving solicitations from other card issuers. The Omaha World-Herald reported this morning about 2,000 exhibits and 75 witnesses have been identified in the complex case. First National seeks $23 million in damages. At mid-year First National Omaha had $3.3 billion in receivables, $1.8 billion in year-to-date volume and 4,174,557 gross accounts according to CardData & Bankcard Update. The issuer recently acquired the card portfolio of Old Kent Bank.


Sun Buys Expertise

Sun Microsystems announced Friday it is acquiring Integrity Arts, Inc. to further accelerate its ‘Java Card’ development. Sun says it will absorb the entire firm into its JavaSoft division. Integrity was founded in May 1995 with a majority interest being held by Gemplus. The announcement was made on the eve of the Java Internet Business Expo which gets underway this morning at New York’s Jacob Javits Convention Center.


Financial Technology Expo

The market pulse of technology innovations for the world of banking, insurance and securities will be on display at the Financial Technology Expo, September 10-12, 1997 at the New York Hilton Hotel and Towers. New products will be showcased alongside interactive demonstrations — including a live Internet-based trading floor, the ConvenieNT Banking Pavilion, the Marketplace to MarketSpace Center, electronic kiosks and Java-enabled network computers.

New market technologies and provocative seminars will guide thousands of expected attendees in evaluating the latest products for an industry representing $50 billion annually in technology investment, according to a report by Meridien Research. More than 175 exhibitors will showcase their technology on the exhibit floor at the New York Hilton Hotel.

Interport Communications will demonstrate the Internet Trading Floor, sponsored by Wall Street & Technology, a Miller Freeman publication. Industry-leading technology companies such as IBM (the Marketplace to MarketSpace Center), Microsoft (Electronic Kiosks and CyberCafe), Sun Microsystems (Enterprise-Wide Enabled Solutions with Java and SunConnect), and Unisys (ConvenieNT Banking) will also display interactive technologies for the financial industries.

A special keynote address by Robert M. Howe, general manager, Worldwide Banking, Finance and Securities, of IBM Corporation, will open the show. He will chart the future of financial services technology in his speech, at 2 p.m. on Sept. 10.

Management of customer service excellence is the common thread uniting two official pre-conference workshops, on Tuesday, Sept. 9, at the New York Hilton. The first workshop, “Benchmarking and Delivering Mission-Critical Customer Service,” sponsored by Hewlett-Packard Company and Pegasystems Inc., will run 8:30 a.m. – 1 p.m., including lunch. In the afternoon, Hewlett- Packard and SAS Institute will present expert speakers, who will explore data mining and data warehousing technologies, in “Taking Action for Profitable Customer Relationship Management,” from Noon – 4:30 p.m.

On Friday Sept. 12, Miller Freeman, the producers of Financial Technology Expo and Meridien Research will present the results of an exclusive research report about the financial technology marketplace.

The Financial Technology Expo World Conference ’97 will be presented by Miller Freeman Inc., in conjunction with its five leading technology trade magazines for the industry: Bank Systems & Technology, Insurance & Technology, Wall Street & Technology, Financial Trader and Financial Technology International.

More than 5,000 expected attendees will see the latest products and services such as application development tools, ATM systems, banking applications, call center, client/server and legacy solutions, disaster recovery, electronic data interchange (EDI), electronic banking and commerce, object-oriented development tools, OCR, order processing, portfolio and risk management, security, trading systems and software, Windows NT solutions, workflow applications and Year 2000 conversion solutions.

Companies exhibiting at the Financial Technology Expo will include: 3Com, AMS Services, ADP, A.M. Best, Bloomberg Financial Markets, CheckFree Investment Services, Comdisco, The Davidsohn Group, Deloitte & Touche Consulting, Dyad, EDS, First Call, Fluke Corporation, Hewlett-Packard, IBM, Informix, IPC Information Systems, Lockheed Martin, Market Data Corp., Moody’s Investors Services, National Registry, NEC Technologies, Nokia Display, Oracle, PeopleSoft, Pilot Software, Planar Display, Reuters, Silicon Graphics, Softbridge, Starlight Networks, Sun Microsystems, Sybase, Tandem Computers, Thomson Financial Securities, Transarc, Unisys and USWeb.

Exhibit hours are: Wednesday, September 10: Noon – 6 p.m.; Thursday, September 11: 9 a.m. – 5 p.m., and Friday, September l2: 9 a.m. – Noon. For more information about attendee registration, please call, 800-829-3976 ext. 2765, or 212-615-2765, fax: 212-615-2901 or register online at the Web site: [][1]

Financial Technology Exposition ’97 is produced by the New York office of Miller Freeman [(][2], a worldwide producer of exhibitions and publications.