GE Appliances has launched a new line of commercial washers and dryers that use smart card technology. The systems are supplied by ESD and BridgePoint. With a smart card, consumers utilize a card with a pre-paid amount. The technology enables property owners to reduce costs, track machine usage and cycle usage, easily set vendor prices for special promotions and market loyalty programs between stores at different locations. GE will sell the products under the ‘Monogram’, ‘Profile’, ‘GE’, ‘Hotpoint’, and ‘SmartWater’ brands.Details
Equitex, Inc. announced Monday the signing of a letter of intent to acquire Chex Services, Inc. based in Minnetonka, Minnesota. Completion of the acquisition is subject to further due diligence, negotiation and execution of a definitive agreement, and is subject to customary regulatory, board of director and any necessary stockholder approvals.
Chex Services provides comprehensive cash access services to casinos and other gaming services. The company’s total funds transfer system allows casino patrons to access cash through check cashing, credit/debit card cash advances, automated teller machines and wire transfers. Chex Services’ check and credit card advance systems allow the company to compile detailed demographic data about patrons using these services that can be used by the casino operators in their marketing efforts.
“The proposed Chex Services acquisition would complement our recent acquisitions of Key Financial Systems and Nova Financial Systems,” commented Henry Fong, Equitex President. “Chex Services has been in business since 1992 and has a presence in over 30 casino and other gaming establishments throughout the United States. They’ve built a solid business that we feel provides exciting synergies with the Key/Nova operations.”
Equitex, Inc. is a holding company operating through its wholly owned subsidiaries Nova Financial Systems, Inc. and Key Financial Systems, Inc. of Clearwater, Florida. Nova and Key design and service credit card products for those who need to build or rebuild credit; marketed through direct mail, telemarketing for financial institutions and the Internet through alliances with a number of popular Internet web sites.Details
Thrifty Car Rental announced it will offer its customers double or triple frequent-flyer award miles with seven of its airline partners for travel August 13 through November 15, 2001.
Specific details of each program follow:
American Airlines AAdvantage; America West Airlines FlightFund Airport-arriving AAdvantage and FlightFund members who rent from Thrifty worldwide will receive double miles (twice the normal 50 miles per full rental day). A two-day minimum and 14-day maximum with Sunday-Wednesday pick-up required.
Alaska Airlines Mileage Plan
Airport-arriving Mileage Plan members who rent from Thrifty worldwide will receive triple miles (three times the normal 50) per rental day during the promotional period. A two-day minimum and 14-day maximum with Sunday- Wednesday pick-up is required.
Northwest Airlines Worldperks
Airport-arriving Worldperks members will receive 500 miles per transaction worldwide (double the normal 250 miles), when renting from a Thrifty airport location during the promotional dates. A minimum of three days and maximum of seven rental days with Sunday-Wednesday pick-up is required.
Delta Air Lines SkyMiles; Continental Airlines OnePass
Airport-arriving SkyMiles and OnePass members will earn double miles (twice the normal 50 miles) worldwide with a minimum three day and 14-day maximum rental. Sunday-Wednesday pick-up is required.
US Airways Dividend Miles
Airport-arriving Dividend Miles members who rent from Thrifty worldwide will receive double miles (double the normal 250) per rental transaction. Rental must be a minimum of three days and maximum of 14, with Sunday- Wednesday pick-up required. As an additional bonus, customers who pay with a Dividend Miles Visa credit card will earn triple miles per transaction (three times the normal 250 miles).
More information about these and other partner specials are available by logging on to and clicking on the “Specials & Partners” button.
To make a reservation with Thrifty, customers may contact their professional travel consultant, call 1-800-THRIFTY(R) in the U.S. or Canada, or log on to the Thrifty web site at .
Thrifty Car Rental, with its affiliate Thrifty Car Sales, is a subsidiary of Thrifty, Inc. Thrifty Car Rental is one of the world’s largest car rental franchise networks, consisting of more than 1,300 locations in 59 countries around the world. Thrifty operates 86 in-terminal rental counters and provides service to 80 other U.S. airports in addition to operating at all major Canadian airports. Thrifty Car Sales is a franchised retail used car sales network of nearly 60 dealers, with plans for as many as 300 U.S. locations by 2005. Thrifty, Inc. is a subsidiary of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG).Details
Hyatt Hotels Corporation announced a special Business Plan rate promotion at participating Hyatt Hotels and Resorts in the U.S. and Canada. Starting August 16 through December 30, business travelers can enjoy a free, full American breakfast each morning of their stay, as well as free phone calls with an AT&T 15 minute phone card certificate each night and waived access charges for all “800”, local and credit card calls.
The free breakfast and AT&T Phone Card enhance the existing benefits available at Hyatt hotels with Business Plan accommodations. At select Hyatt hotels and resorts that do not currently offer Business Plan, a promotional rate has been established to include the breakfast and phone benefits outlined above. A complete list of participating hotels can be found at [www.hyattbusinessedge.com].
“Research shows our business plan travelers universally want free breakfast and free phone calls,” said Wendy Falk, vice president of marketing programs. “We’ve listened to those demands and responded with an enhanced business plan promotion, offering full complimentary breakfast and 15 minutes of free phone calls each night, in conjunction with waived phone access charges for all local, `800′ and credit card calls.”
Guests also have the option of redeeming their free breakfast voucher for 25 percent off of lunch or dinner at the hotel and the voucher is valid for two people.
Since Hyatt’s Business Plan was introduced in 1994, guest response has been overwhelmingly positive. Business Plan was developed as a result of the rising demand of today’s business travelers to be more productive on the road.
Guests should ask for Hyatt’s Business Plan rate when booking their reservations.
There are 203 Hyatt hotels and resorts around the world. Hyatt Hotels Corporation operates 122 hotels and resorts in the U.S., Canada and the Caribbean. Hyatt International, through its subsidiaries, operates 81 hotels and resorts in 38 countries in the U.S., Hyatt Worldwide Reservations for individuals and groups can be reached at 800-233-1234. Outside the U.S., contact the local Hyatt sales office or representative. For more information about Hyatt hotels and resorts, consult Hyatt through the Internet at .
North American Bancard Corporation announced that John Waldron has joined the company as Vice President of Internet Marketing and Sales.
In his role, Waldron will oversee North American Bancard’s Internet Sales strategy as the company continues to focus on the Internet market and further developing additional distribution channels.
Before joining North American Bancard, Waldron served as Vice President of Internet Marketing at Heartland Payment Systems for three years. There he successfully developed and deployed marketing programs to further develop their channel distribution systems. With over five years of Internet sales and marketing experience, Waldron has a proven track record in strategic planning and implementation of programs that result in financial success. “North American Bancard is very fortunate to have Waldron as part of our sales executive team. His addition is very timely as we are planning the roll out of a new strategic Internet based marketing campaign,” said Marc Gardner, President of North American Bancard. “Waldron will be overseeing and leading this sales channel, which will generate thousands of new merchants in the years to come,” he continues.
“North American Bancard is making a significant investment into the development of an inside Internet sales channel,” commented Waldron. “With the team and solutions that we will be building, we can quickly and effectively provide complete ecommerce solutions to partners and merchants. I am extremely excited to join the team at North American Bancard!” Waldron currently serves on the board of directors of The US Internet Industry Association (USIIA). He has also served in advisory roles for CyberSource.com and for the Internet Tax Freedom Act. About North American Bancard
North American Bancard provides businesses of all sizes with professional, one-stop solutions for traditional and Internet credit card processing, fraud prevention, and protection programs. North American Bancard started in 1992 and is rapidly growing to become one of the largest credit card processors in the US.Details
The second largest quick-service chicken restaurant chain in the USA is gearing up to take credit cards. Chick-fil-A is launching a feasibility study and pilot of credit card acceptance in its restaurants. If successful, the chain will partner with Concord EFS to become the first fast food restaurant chain to accept credit cards chain-wide. Atlanta-based Chick-fil-A has more than 980 restaurants in 34 states. In May, McDonald’s announced the expansion of a pilot involving the ExxonMobil ‘Speedpass’ program to more than 400 outlets in the Chicago area after an earlier test at nine Chicago area restaurants. McDonald’s says it is testing other similar systems and will eventually decide on a system to use nationwide. ‘Speedpass’, is a radio frequency transponder device that fits on a key chain. It will automatically bill purchases against a pre-determined credit card. (CF Library 5/30/01)Details
NextCard ranked as #50 on the ‘Media Metrix Top 50 Web Properties’ for July. It is the only VISA or MasterCard issuer to make it onto the list, logging nearly 6.8 million online visitors. American Express ranked as #38, serving nearly 8 million visitors to its Web site. Firms falling into the ‘Business/Finance’ category attracted more than 52 million visitors during July. Jupiter Media Metrix says people in the U.S. spent on average 20.7 hours online in July 2001, up 10.5% from 18.7 hours in July 2000. Jupiter also reported that other credit card sites such as globaldebitcard.com, theusagoldcard.com, and credit.com attracted between 600,000 and 1 million visitors during July.Details
Sanchez Computer Associates Inc., announced that Sumitomo
Mitsui Banking Corporation, the world’s second largest banking
corporation, has successfully converted its global corporate banking customer
and deposit operation in Brussels to a Sanchez Profile integrated and real-
time banking solution. Sanchez has now replaced legacy core processing
components of SMBC’s international corporate banking systems in New York,
London and Brussels as part of the bank’s ongoing Global Information System
(GIS) initiative begun in 1998.
“Sanchez’ Profile banking solution provides us with a highly flexible and
scalable customer-centric solution that enables the real-time integration of
our corporate banking platform,” said Peter McCormick, SMBC’s CIO. “Combined
with Sanchez’ broad functionality, such as the software’s multi-currency
capabilities, Profile has proven it can support the corporate banking
requirements of our GIS initiative.”
“Global corporate banking requires integrated solutions with the capacity
to support high transaction levels in real time under multi-currency
conditions,” said Grace Chen, vice president and product manager of Sanchez’
Profile banking solutions. “SMBC’s success with Profile emphasizes the real-
time strength of our software. Add Profile’s customer-centric design, product
flexibility and the ability to integrate to other third-party processing
applications, and you have a tremendously strong core processing solution for
global corporate banking.”
SMBC, the newly merged entity of Sumitomo Bank and Sakura Bank (April
2001), acquired a license for Sanchez’ Profile banking solution in 1998 as
part of then Sumitomo Bank’s GIS initiative. In each of SMBC’s global
corporate banking offices, the bank provides international financing services
primarily to Japanese industrial and services companies. Sanchez successfully
converted SMBC’s New York City office in 1999, London in 2000, and the
Brussels, Belgium office went live earlier this month.
SMBC processes its North American and European corporate accounts at a
host site in New Jersey running on IBM’s powerful line of Unix-based, pSeries
eServer computers. Each corporate banking office uses Profile for Windows(R)
as the branch front-end processor. Each office is networked to the host
facility. As part of the GIS initiative, Profile’s open architecture supports
real-time interfaces to a third-party lending system, payment system, some
legacy system components and an Oracle(R) general ledger system.
“In a global corporate banking environment, there is a tremendous amount
of transaction activity associated with each account on a daily basis,” said
Jim McHale, Sanchez implementation manager for SMBC. “Inherently, SMBC’s
business requires fast, real-time processing as well as account, customer and
third-party system integration. By design, Profile excels under these
The next phase of SMBC’s GIS rollout calls for Sanchez to implement
Profile solutions for SMBC’s global offices in Dusseldorf, Germany; Los
Angeles and Paris.
Sanchez is a global leader in developing and marketing scalable and
integrated software and services solutions that provide retail banking,
brokerage and customer integration for financial institutions. The Sanchez
integrated suite of products empowers financial institutions to accelerate
business transformation and achieve a competitive advantage by lowering
operating costs, reducing technology risks and improving customer management.
The Sanchez suite includes the following main products: Sanchez Profile(R),
the highly flexible, multi-currency, multi-language, customer-centric,
enterprise banking and brokerage application and transaction processor;
Sanchez Xpress(TM), a customer integration solution that connects all of an
institution’s customers to any delivery channel through to any back-office
product processing system in real time; and Sanchez Webclient(TM), a Web-
based, Internet front-end processor for retail and commercial banking
applications. Sanchez also offers e-PROFILE(R), a vertical services provider
(VSP) for the financial services industry that provides integrated end-to-end
operations and technology solutions that enable top-tier financial services
companies to offer on-line financial services to their customers. e-PROFILE
is a majority-owned subsidiary of Sanchez and maintains its headquarters in
Malvern, Pa. and an operations center in Seven Fields, Pa., a suburb of
Pittsburgh, Pa. Sanchez maintains its corporate headquarters in Malvern, and
runs its international operations from Chester in the United Kingdom. For
more information, visit Sanchez on the Web at , or send
e-mail to firstname.lastname@example.org.
About Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation Group offers a broad range of
financial services centered on banking. The Group is also engaged in the
leasing, securities, credit card, investment, mortgage securitization, venture
capital and other credit related businesses. Sumitomo Mitsui Banking
Corporation was created on April 1, 2000, from the merger of The Sumitomo Bank
Limited and The Sakura Bank Limited. Based on asset size, SMBC is the world’s
second largest bank holding company.
Bank of America is launching two new national TV ads that communicate the company’s brand philosophy of “ingenuity.”
Told in the format of 30-second stories, each with a linear plot like a short film, the new ads make a clear and compelling connection between Bank of America and “ingenuity.” The ads take a fresh approach to storytelling and show a slight departure in style from the bank’s first brand advertising campaign, launched last September. The company also announced it is increasing its advertising budget from approximately $100 million to $145 million — almost 50 percent — to promote the Bank of America brand in 2002.
The new ads and budget increase are part of an overall strategy to build the Bank of America brand and become one of the world’s most admired companies. Less than a year ago, Dan Roselli was hired as Brand and Communications executive to intensify those efforts. Roselli has a track record for managing and growing well-known American brands at companies such as General Mills, Colgate-Palmolive and M&M/Mars.
“Bank of America has a long history of ingenuity that spans 200 years,” said Dan Roselli, Bank of America Brand and Communications executive. “We were one of the first banks to offer services to immigrants; we helped develop one of the first computers ever used in business, and we created the first coast-to-coast bank. Today, we’re pioneering a new type of Prototype Market banking center in Atlanta, and we recently created an innovative mortgage solution for teachers, the Teacher Flex/Teacher Zero Down. The new spots — and our new tagline ‘Embracing Ingenuity’ — convey with intriguing stories our history of innovation, as well as the spirit of ingenuity that is thriving within Bank of America today.”
One ad called “Swimming Hole” features a boy poised to jump off a ledge into a swimming hole. Other children watch as he contemplates whether he should be the first to jump. The ad is a simple metaphor for the courage and foresight that is required for an individual, or a company, to step forward and break new ground. To prove that Bank of America is no stranger to being a leader, the ad references four separate historical occasions in which the company took a bold or innovative leap: “first credit card,” “first computer used in banking,” “first major bank online” and “first nationwide ATM network.”
The other ad called “Sparring” features a woman in a martial arts studio. Several scenes show her artfully defending against an opponent. An unexpected ending reveals that she is sight-impaired. The ad highlights the innovative Bank of America Talking ATMs for the visually impaired, another area in which Bank of America is taking a leadership role. “Sparring” demonstrates the company’s success in breaking through societal limitations — and creating new banking experiences for sight-impaired customers.
Talking ATMs provide audible instructions to persons who cannot view information on an ATM screen. The ATMs have audio jacks that deliver spoken instructions privately to protect the security of sight-impaired and low- vision customers. Currently, there are 304 Bank of America Talking ATMs in operation — 65 in Florida and 239 in California.
Both ads also convey the Bank of America brand promise: “To be the people who make banking work for customers and clients in ways it never has before.”
“We made some creative changes based on research results from our last round of advertising,” Roselli said. “Our prior ads scored 26 percent higher overall than the norm for the financial industry. However, results showed we still needed to make a clearer connection between Bank of America and ingenuity. Our pre-testing indicated that the new ads should succeed in making this link more apparent to viewers.”
The new ads will run throughout the United States on regional networks, with a particularly strong emphasis in markets in the 21 states and the District of Columbia where Bank of America has retail banks. Through nationwide cable, the company will reach markets in New York, Boston and other cities where it does not have retail banking centers. Print ads and other collateral materials will be developed in the near future.
Bozell, New York, is the advertising agency that developed the television advertising. It is the agency of record for Bank of America. Los Angeles filmmaker Tony Kaye directed the ads.
About Bank of America
One of the world’s leading financial services companies, Bank of America is committed to making banking work for customers like it never has before. The company enables customers to do their banking and investing whenever, wherever and however they choose through the nation’s largest financial services network, including approximately 4,400 domestic offices and 13,000 ATMs, as well as 38 international offices serving clients in 190 countries, and an Internet Web site that provides online access for more than 3 million customers, more than any other bank.
Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges. The company’s Web site is . News, speeches and other corporate information may be found at .Details
BioNetrix Systems Corporation, a
leading provider of authentication management solutions for enterprise and
Internet security, today announced the adaptation of BioNetrix’s
Authentication Suite for the international market and its immediate
availability in Japan using the Kanji character set. Tokyo-based systems
integrator Netmarks is now reselling the BioNetrix offering in the Japanese
marketplace, helping organizations there bolster Internet security by using
the Authentication Suite to deploy and manage multiple forms of authentication
technologies, including smart cards, tokens and biometric devices.
The BioNetrix Authentication Suite is a software platform for enterprise
and Internet computing that offers organizations the unified authentication
management necessary to deploy any combination of advanced authentication
technologies, such as smart cards, tokens and biometrics, and implement
policy-based access to numerous enterprise applications. As part of its
partnership with BioNetrix, Netmarks will be able to sell and market the
Authentication Suite directly and engage other value-added resellers for
“In today’s business environment where information sharing creates both
competitive advantage and new security risks, there are no boundaries for
enterprise and Internet security,” said Taichiro Nagao, president and CEO of
Netmarks. “We are pleased to be the first to offer BioNetrix’s Authentication
Suite to the Japanese marketplace.”
As part of the internationalization of the product, the Authentication
Suite can now be easily localized to other foreign languages. In addition to
Japan, Europe, through its advancements in wireless technologies and privacy
standards, also has demonstrated a similar need for the Authentication Suite.
“The ability of organizations to quickly and conclusively verify the
identities of individuals accessing company information is a universal need,”
said John Ticer, CEO of BioNetrix. “Through strong partnerships with proven
regional-based integrators such as Netmarks in Japan, we will expand our
presence significantly in international markets.”
BioNetrix drives value for organizations by extending information security
to the network’s edge — the intersection where people access information —
through a centrally managed authentication platform that allows these
organizations to control who accesses their critical applications,
transactions and data. The company’s flagship product, the BioNetrix
Authentication Suite(TM), reduces costs and increases security in all
computing environments through the deployment and management of advanced
authentication technologies — from passwords, tokens and smart cards to
biometrics. Recent industry accolades for the BioNetrix Authentication Suite
include Network Computing’s “Well-Connected” and “Editor’s Choice” awards, and
Network World’s “World-Class” and “Best of the Tests” awards. Computerworld
also named BioNetrix one of the “Top 100 Emerging Companies to Watch in 2001.”
Privately held, BioNetrix is headquartered in Vienna, Va., and is accessible
via the Web at .
BioNetrix Systems Corporation, BioNetrix and the BioNetrix Authentication
Suite are trademarks of BioNetrix Systems Corporation. All other product,
trademark, company or service names mentioned herein are the property of their
The new MBNA Amtrak ‘Guest Rewards MasterCard’ is now on track after replacing the Capital One/Amtrak ‘smartrak rewards VISA’. The new co-branded card ties into the Amtrak ‘Guest Rewards’ loyalty program which was launched last November. In May, Amtrak announced the new agreement with MBNA. The new card offers one point for every dollar in retail purchases that are charged to the card and two points for every dollar?s worth of Amtrak tickets charged to the ‘Platinum Plus’ version of the program. There is also a signup bonus of 500 points. ‘Platinum Plus’ cardholders may earn up to 100,000 points while ‘Preferred’ cardholders are limited to 50,000 points, annually. Points may be redeemed for: free travel on board Amtrak; transfer points for free flights on United, Continental, and Midwest Express; exchange points with the Hilton HHonors program; free stays with Hilton HHonors hotels, Westin, Sheraton, Four Points, St. Regis, Luxury Collection, and W hotels as well as Marriott hotels; and free car rentals from Hertz. MBNA is offering a 12.99% go-to APR following a six-month intro balance transfer APR of 3.9%. There is no annual fee. According to CardWatch ([www.cardwatch.com]), MBNA notes in its Amtrak disclosure that payments received after 2 p.m. on the due date are subject to a $29 late fee as well as the loss of the introductory APR. (CF Library 11/30/00)
Trintech, a global provider of secure payment
infrastructure solutions for real world, Internet and wireless environments,
announced that Manx Telecom, the Isle of Man’s leading
telecommunications company and a wholly-owned subsidiary of BT Group
, is deploying Trintech’s PayWare eHost secure payment gateway for
its new hosted eCommerce initiative. The Trintech solution enhances Manx
Telecom’s pursuit to position the Isle of Man as Europe’s offshore center for
Manx Telecom is working closely with the Isle of Man government and local
businesses to provide end-to-end, offshore eBusiness services which will now
be underpinned by Trintech’s PayWare eHost payment component for secure online
transactions. The Trintech PayWare solution is an integral component for Manx
Telecom’s new ManxNet e-Pay solution, which allows the customer to type
payment details into a secure web site, interfacing with the ePayment
platform/software through a secure link that communicates with the designated
bank. High-level encryption is used to protect the customer’s data and
“In Trintech we found an ideal partner to complement our eCommerce
initiative,” says Ralf Ohlhausen, director of business development for Manx
Telecom. “PayWare eHost gives us a secure and robust solution and because of
Trintech’s multi-currency and multi-protocol capabilities, we can now offer
Internet payment authorization to eMerchants anywhere in the world.”
The PayWare eHost solution provides Manx Telecom with a
standards-compliant, scaleable and secure hosted eCommerce solution that can
handle multiple eMerchant identifications and works on a variety of security
standards, including SET(TM). PayWare eHost also provides Internet merchants
with a solution that outsources the complex business of payment processing to
expert technology institutions, thereby allowing the merchants to concentrate
on their core business of selling goods and services.
“Trintech is delighted to be working with Manx Telecom, one of Europe’s
leading telecommunications and eCommerce companies,” says John Harte,
Trintech’s executive vice president of sales and marketing. “This deal also
provides Trintech and Manx Telecom with the opportunity to collaborate on
other new technology applications, such as mCommerce, by taking advantage of
Manx Telecom’s position as the technology proving ground for the BT Group
About Trintech’s PayWare eHost
PayWare eHost offers secure and flexible Internet payment services for
hosting multiple merchant Web sites. Service providers can configure and
customize PayWare eHost to tailor their service offerings to their customers,
allowing clients to outsource their entire storefronts or simply access the
core payment processing functions.
— Supports multiple merchants in hosted or remote environments
— Easy and rapid deployment at merchant sites
— Remote manager/reporting options
— Multiple secure payment options SET/SSL
— Certified to use UK and international payment protocols for secure
SSL based payments
— Supports multiple card types and multiple currencies
— Works with eWallets and in “one click” configurations
— Data partitioning and reporting of each Internet merchant
— Easy to use browser-based administration functions
— Platform flexibility and scalability
Founded in 1987, Trintech is a leading provider of secure electronic
payment infrastructure solutions for card-based transactions for physical
world commerce, eCommerce and mobile commerce. The company offers a complete
range of payment software products for credit, debit, commercial and
procurement card applications, as well as being a world leader in the
deployment of payment solutions for Internet commerce that are fully SSL and
SET(TM) compliant. Trintech’s range of scalable open systems architecture
solutions for UNIX(R) and Windows NT(TM) platforms covers consumer, merchant
and financial institution requirements for physical payments and the emerging
world of electronic commerce. Trintech can be contacted in the U.S. at
2755 Campus Drive, San Mateo, CA 94403 (Tel: 650-227-7000) and in Ireland at
Trintech Building, South County Business Park, Leopardstown, Dublin 18
(Tel: 353-1-207-4000). Trintech can be reached on the Web at
About Manx Telecom
Manx Telecom was formed in 1987 and is a wholly owned subsidiary of BT.
The company holds licenses to run fixed and mobile networks on the Isle of Man
and in June 1999 was awarded a UMTS license which the company will use to
launch Europe’s first commercial Third Generation mobile phone service in the
Autumn of 2001.
Manx Telecom also has a high quality Internet services portfolio and is a
key player in the Isle of Man Government’s strategy to develop the Island’s
potential as an offshore eCommerce center.
Over the last five years Manx Telecom has invested over 50 million pounds
sterling in the Isle of Man, on improving and maintaining fixed, mobile and
Internet networks. In fact, such is the capacity of the communications network
provided by Manx Telecom that it could run all the current trans-Atlantic
Internet traffic between Europe and the US ten times over.