NCR Direct

NCR Systemedia Division, a developer of world-class consumables, announced the launch of [][1], the first e-commerce Web site in its industry dedicated to providing one-stop consumables shopping to niche-focused financial institutions.

Oxford Associates, a leader in channel integration for Fortune 500 companies, named a best-in-class catalog site. “NCR-Direct’s catalog, pricing and ordering capabilities are comparable to nationally recognized shopping Web sites, such as Dell’s online store or Hewlett-Packard’s shopping site,” said Oxford Associates Vice President Scott Gillum.

Specifically developed for community banks, credit unions and savings and loans, enables customers to purchase products specific to their needs, such as specialty business documents, self-service ATM supplies, teller forms and payment systems transaction processing consumables. In addition, banking markets can purchase targeted marketing media including custom printed ATM rolls, signs and magnetic media. Since the site’s inception in April, Systemedia has nearly doubled the products, services and information available with the click of the mouse.

Supported by NCR’s Financial Solutions Division, the Web site is an additional resource for banking institutions to obtain the latest information and specifications about NCR ATMs and Item Processing equipment ranging from low-end to high-end systems. incorporates cutting edge e-commerce technology to provide customers with advanced shopping cart functionality, the latest encryption security for processing credit card orders, and complete customized product packages and solutions at affordable prices. Offering comprehensive billing options, online customers who do not use credit or procurement cards can take advantage of flexible open accounts with Systemedia.

Orders placed by noon are shipped the same day — the best-in-class fulfillment commitment in the consumables industry. In addition, as an introductory benefit, shipping is free of charge.

“By partnering with the Financial Solutions Division we are combining the strength of our NCR product offering with leading edge e-business technology and the delivery infrastructure required to fulfill the needs of this dynamic market,” said Keith Taylor, vice president of NCR’s Systemedia Division. “This is just the beginning. Over the next several months we will be adding new industries, a broader offering and a great deal of increased functionality.”

NCR will continue to support and enhance its traditional channels of distribution. NCR’s distribution partners will benefit from increased exposure for the NCR brand. Additionally, the company plans to develop new products for all industry segments the Web site supports, resulting in richer product portfolios for all channels. In future phases of development the Web site also will direct customers to distribution partners that carry further NCR consumables that are not available on the Web.

NCR Systemedia Division is an industry leader in Internet-based solutions, enabling large customers to place secure orders, obtain up-to-the-minute order status information and create real-time inventory and usage reports through NCR On-Line, an Internet-based order entry and inventory management tool. With the addition of, NCR will now provide financial institutions with customized product packages and solutions targeted to their needs, with the convenience of ordering online.

NCR Systemedia Division develops world-class consumables designed to maximize system uptime, minimize the total cost of ownership and enhance system capabilities. Backed by world-class technology and more than 100 years of experience, Systemedia specializes in consumables for the financial, retail and manufacturing industries, as well as the small and home office environment. For more information, contact NCR Systemedia Division on the World Wide Web at [ supplies_sorter.asp][2].

About NCR Corporation

NCR Corporation (NYSE:NCR) is a US$6.2 billion leader in providing Relationship Technology(TM) solutions to customers worldwide in the retail, financial, communications, travel and transportation, and insurance markets. NCR’s Relationship Technology solutions include privacy-enabled Teradata(R) warehouses and customer relationship management (CRM) applications, store automation and automated teller machines (ATMs). The company’s business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and leading edge hardware technology. NCR employs 32,000 in 130 countries, and is a component stock of the Standard & Poor’s 500 Index. More information about NCR and its solutions may be found at [][3].



Financial Sites

Web sites of the business and financial genre command the highest ad rates on the Internet. According to the Media Metrix AdRelevance service, business and finance related Web sites have an average CPM of $41.75 compared to $37.23 for general news sites and $25.00 for search engine sites. Highly focused financial sites can deliver profitable results to advertisers at CPMs exceeding $90. For example, receives a CPM in the $70 to $90 CPM range. Last week, attracted 114,071 unique visitors and delivered a click-thru-rate of 4.70% at a comparable CPM. Ad Relevance says vertical sites can demand the highest rates since they offer advertisers the opportunity to target a defined demographic.


WAM! Expands

WAM!, the creator and marketer of WAM!, America’s Other Money, announced signed contracts with The Daily Oklahoman and The Providence Journal, agreements that will place WAM! cards in the hands of more than 600,000 people in Oklahoma City, and Providence, R.I. These contracts give WAM! Loyalty a coast-to-coast presence.

Both programs will roll out as early as November 2000, with more than 200,000 households subscribing to The Daily Oklahoman and 100,000 selected subscribers to The Providence Journal. Each household will receive two WAM! cards. The new cardholders can immediately start earning and spending WAM! at more than 500 merchants in Oklahoma City and surrounding areas and more than 300 in the Providence area.

“We believe WAM! will add to our subscriber’s value of receiving The Daily Oklahoman, and that it will build our retention rate,” said Gerald Beattie, circulation director for The Daily Oklahoman.

As a former Press Pass user, Beattie knows a good loyalty program can be vital to a newspaper’s subscriber base. He said the previous program was truly beneficial, but he is sold on the fact that WAM! will change the face of the way loyalty programs are done.

“With WAM!, we will have the ability to measure transactions and prove traffic,” Beattie said. “It will also be better for our subscribers, because they will have a better mix of locations to use the card other than just restaurants.”

These contracts mark two of six partnerships formed with major newspapers since WAM!’s beginning in January 2000. Since the company’s formation in January 2000, WAM! has signed contracts with The San Diego Union-Tribune, The Daily Breeze, Tulsa World, and The Star-Telegram.

WAM! is the first program to offer consumers a true points currency that works wherever people may shop, and it’s the only loyalty program to develop proprietary technology to bridge the gap between online and offline shopping.

WAM! is not tied to a credit card or contingent upon a consumer having access to the Internet, which broadens its consumer appeal.

About WAM!

WAM! is America’s Other Money(TM). WAM!’s card technology pays consumers every time they shop, empowering them to collect and spend WAM! offline and online through a national network of independent restaurants, small businesses and nationally branded retailers locally and on the Internet.

WAM! is “minted” and administered by WAM!, which evolved from a la Carte International, and is headquartered in San Diego. In 1992, a la Carte created the Press Pass program, now one of the nation’s most successful loyalty and customer retention flash card programs with deep penetration in the newspaper and broadcast media markets.

WAM! applies newly developed, proprietary technology with advanced functionality to leverage a la Carte’s existing marketing, merchant recruitment, customer acquisition and retention expertise across new market segments, with dynamic results. The company has also positioned itself in the local communities by donating a portion of each transaction to non-profit organizations. To find out more about WAM!, log on to [][1].



Beindorff Moves Up, Inc. , a leading Internet healthcare destination for commerce, content, and community, announced that Michael Beindorff has been appointed Chairman of the Board by the Company’s Board of Directors. Mr. Beindorff was elected to the Board of Directors of in April 2000 and will retain his duties as President and Chief Executive Officer.

Mr. Beindorff, 48, joined as executive vice president and COO in September 1999, and has been president since February 2000. He has more than 20 years of strategic, high-profile brand development and management experience. Most recently Mr. Beindorff was with Visa, where he served as president and chief “e” officer of eVisa, Visa’s Internet and electronic commerce division. Before that, he served for four and a half years as Visa USA’s executive vice president of marketing and product management. Prior to joining Visa, he spent 15 years with the Coca-Cola Company, where he held a variety of positions including vice president, director of marketing, and vice president, director of advertising for Coca-Cola USA. Mr. Beindorff has been named one of the “Power 50 Marketers in America” by Advertising Age the past four years in a row.

About, Inc., a leading Internet healthcare destination for commerce, content, and community, delivers a convenient, personalized, and informed health and beauty shopping experience. With products ranging from prescriptions to personal-care items to the latest medical information, gives consumers the ability to manage their own healthcare in a convenient and secure environment. is one of five online pharmacies to have received the Verified Internet Pharmacy Practice Sites (VIPPS) seal of approval from The National Association of Boards of Pharmacy (NABP). Headquartered in South San Francisco, Calif., the company operates its own pharmacy and distribution center, in Memphis, Tenn., to ensure the highest quality customer care.


PubliCARD 2Q Losses

PubliCARD, Inc. reported financial results for the second quarter and six months ended June 30, 2000.

Revenues for the quarter were $1.1 million, compared with $71,000 a year ago. The comparison reflects the company’s discontinuation of several non-core businesses earlier this year, as well as the acquisition of its Campus Network Solutions subsidiary in November 1999. As a result of continuing substantial investments in product development, sales and marketing to support the company’s core growth businesses in the smart card/chip infrastructure for the broadband arena, PubliCARD reported a loss from continuing operations of $5.5 million, or $0.24 per share, compared with $2.9 million, or $0.15 per share, a year ago. The loss includes non-cash items — goodwill amortization and stock compensation expense — of $843,000 and $707,000 in 2000 and 1999, respectively.

For the first six months of 2000, total revenues were $2.6 million, up significantly from $78,000 in the corresponding period last year. The loss from continuing operations was $10.3 million, or $0.45 per share, compared with $5.8 million, or $0.32 per share. The loss includes non-cash items — goodwill amortization and stock compensation expense — of $1.9 million and $1.5 million in 2000 and 1999, respectively. As of June 30, 2000, stockholders’ equity was $22.9 million, and cash and short-term investments totaled $25.0 million.

During the second quarter, PubliCARD essentially completed the restructuring program announced in March, achieved several significant strategic milestones, recruited additional key executives, and unified its ongoing broadband businesses under the Infineer name. In June this year, the sale of Greenwald Industries and Greenwald Intellicard, closed with a sale price of $22.5 million. The company also announced separate agreements with two News Corporation affiliates; it is developing the first-ever eCoupon pilot program with SoftCARD Systems Inc., and agreed to integrate NDS Group’s conditional access technology into Infineer’s Point of Deployment modules.

Jan-Erik Rottinghuis, President and CEO, commented, “We are investing prudently in technology development and marketing programs that should generate significant returns as the ‘smart carding of broadband’ materializes fully over the next few years. We continue to make good progress in leveraging our intellectual property and engineering/design expertise in smart card-based security, access and transaction solutions, as well as our strong relationships with a number of key global players.”

About PubliCARD, Inc.

Headquartered in New York, NY, PubliCARD, through its Infineer subsidiaries, recently repositioned itself to leverage its core competencies in patented smart card/chip technology and to focus its leadership in interactive security and conditional access in the broadband arena. The Company has relationships with major cable component manufacturers, set-top box original equipment manufacturers and smart card promotion distributors, including Motorola’s Broadband Communications Sector, formerly known as General Instrument Corp., and SoftCARD Systems Inc., a company owned in part by News America Marketing. More information about the Company can be found on its web site, [][1].

For details on PubliCARD’s 2Q/00 data please visit CardData ([][2])



Discover Dine-Out

Discover Financial Services announced Friday the launch of its second annual ‘Dine Out with Discover Card’ program. Under the program all participating restaurants that are enrolled receive a full rebate of their ‘Discover Card’ discount fees for the month of August along with complimentary check presenters, wait staff books and tip trays. Participating restaurants have also agreed to use the check presenters, wait staff books and/or tip trays. Discover says about 4,500 new merchant partners have signed on to the program since its inauguration a year ago, increasing the number of participating restaurant locations from 42,000 last year to a total of 64,000 this year. Among new restaurants participating: The Cheesecake Factory and Cracker Barrel.



Los Angeles-based Cash Technologies released its new client software which allows the wide range of financial and retail services offered by Cash Tech’s ‘EMMA’ transaction processing platform running on a counter-top POS terminal. The ‘POS-X’ terminal consists of a PC running the new ‘POS-X’ software and includes peripheral devices, such as a check scanner, card reader, receipt printer and biometric devices, to support various advanced function services, such as check cashing, bill payment, phone card issuance and Internet products. Instead of customers guiding themselves through a self-service application at an ATM, a cashier or teller will operate the POS-X system using a simple touch screen interface like those seen on other retail POS terminals. The ‘POS-X’ application will be beta-tested in a number of planned pilots, including an upcoming ‘Popular Cash Express’ installation. The company says that eventually, small, low-cost POS terminals, similar to those used in restaurants and gas stations, will support the new ‘POS-X’ software and permit ‘EMMA’ services to be distributed inexpensively into almost any retail environment.


Debt Rollercoaster

Revolving consumer credit continues to grow at a much faster rate than last year. In revised figures for May and April, consumer revolving credit grew at an annual pace of 12.2% and 13.5% respectively. However June’s preliminary data shows a braking effect. According to preliminary figures released last week by the Federal Reserve, Americans added nearly $3.7 billion in outstanding revolving credit during June, compared to $6.3 billion in May and $7.0 billion in April. Since the start of this year, American consumers have tacked about $35 billion onto total consumer debt, which is mostly credit card debt. In January, U.S. revolving consumer debt broke through the $600 billion level for the first time. Since last Summer, consumer revolving debit has soared from $578.5 billion to $632.5 billion. Overall consumer credit is now growing at a 9.9% rate, according to the FRB. At the end of June, American consumers were $1.464 trillion in debt, exclusive of home mortgages.


Jun00 May00 Apr00 Mar00 Feb 00 Jan00 Dec99
%GRWTH: 7.0% 12.2 13.5 13.8 9.4 18.5 12.5
$OWED: $632.5 628.8 622.5 615.5 608.5 605.0 595.8

Nov99 Oct99 Sep 99 Aug99 Jul99 Jun99
%GRWTH: 10.2 -0.5 0.0 2.5 12.1 13.8
$OWED: 589.8 584.3 584.5 584.5 584.6 578.5

Source: Federal Reserve; revised figures as of 08/07/00;
For complete historical data visit



Capital One continues to dominate online “viewed” credit card banner ads. For the week ending Aug. 6th, Capital One landed four of the top ten positions on the most viewed at-home banner ads. Meanwhile, NextCard delivered 76,399,000 banner impressions to reach 17% of the Internet marketplace. The top Capital One banners ads include: #4 “How FAST do you want your credit decision?”; #5 “0% Intro>>9.9% Fixed. Not just another pretty card”; #7 “How FAST do you want your credit decision?”; and #8 “Capital One VISA PLATINUM”. Citibank also placed in the top ten with its #6 ranked banner ad: “2.9% APR on balance transfers for 9 months”.The data are based on research conducted by Nielsen//NetRatings.




Barad Resigns

Providian Financial Corporation announced that Jim Rowe, previously executive vice president and head of the company’s domestic e-commerce operations, has been promoted to president of Global E-Commerce.

“I have tasked Jim with building the online component of what I believe will be the financial services company of the future,” said Shailesh Mehta, chairman and CEO of Providian. “As the Internet continues to create an evolving business world, I want to ensure that Providian Financial has staked out a position as a leader in the financial services marketplace on a global basis.”

Rowe’s responsibilities will include developing new online financial businesses, driving existing Internet initiatives and building Providian’s global online presence. He will also absorb some of the initiatives of the Emerging Business group that were related to online financial services.

The Company also announced today that Seth Barad has resigned his position as president of the Company’s Emerging Businesses division to pursue a new opportunity focused on providing management consulting to philanthropic organizations.

“Our entire management team will miss Seth. He has been a substantial contributor to the Company. We wish him well in his new endeavor,” added Mehta. Barad’s resignation will take effect later this month.

“This was a difficult decision for me, especially when Providian is poised to take advantage of so many growth opportunities, ” said Barad.

Reflective of these changes, the Company further announced plans to organize its core businesses into four main divisions. First, the Integrated Card Business (ICB), which handles Providian’s 14 million credit card accounts, will continue to be led by its president, David Alvarez. Alvarez will also take on the added responsibility of managing the Company’s membership products group.

Second, the Global E-Commerce division which, as previously mentioned, is led by Rowe, consists of,, the Company’s Internet-based deposit business and other online initiatives.

Third, First Select Corporation, a wholly-owned debt services company, will be led by its president, Kirk Inglis.

And fourth, a newly-created International division, which includes the Company’s operations in the United Kingdom (led by Executive Vice President James Elliott) and Argentina (led by Executive Vice President Wayne Johnson), as well as any future international expansion. Providian Financial Chairman Mehta will personally lead this new division on an interim basis.

San Francisco-based Providian Financial Corporation ([][1]) is a leading provider of lending and deposit products to customers nationwide and also offers credit cards in the United Kingdom and Argentina. Providian serves a broad, diversified market with loan products that include credit cards, secured cards and membership products. With a commitment to 100% customer satisfaction, Providian’s mission is to help its customers protect and responsibly use credit by providing a quality borrowing experience that leads to active and lasting customer relationships. The sixth largest bankcard issuer in the nation, Providian Financial was recently named one of America’s Most Admired Companies by a survey in Fortune magazine, and the nation’s top financial institution by US Banker magazine. The Company has $27 billion in assets under management and 14 million customers.