Net2Phone Inc., a leading provider of Internet telephony services, and NextCard, the leading issuer of consumer credit on the Internet, announced an agreement to utilize the powerful customer base of Net2Phone to market NextCard’s credit cards. Under the agreement, NextCard will gain valuable access to the vast Net2Phone user base through direct marketing and advertising on the Net2Phone software.
Through this relationship, Net2Phone is capitalizing on its success in customer acquisition and further monetizing its customer relationships to deliver additional value-added services to its global, sophisticated Internet-savvy users.
“Net2Phone is a recognized leader in offering consumers new ways to communicate on the Internet, and we are excited about the opportunity to offer NextCard credit cards to Net2Phone’s technology-savvy, value-conscious customer base,” said David Schwartz, Vice President of Customer Acquisition at NextCard. “In the same way that Net2Phone users benefit from using the Internet to get the most out of the money they spend on telephone calls, they’ll benefit in taking advantage of NextCard’s suite of online credit and account management tools.”
“Like Net2Phone, NextCard provides users with instant authentication and approvals for usage, and we believe our customers will appreciate all of the real-time benefits of NextCard,” said Morris Berger, Chief Marketing Officer of Net2Phone. “Net2Phone is pleased to continuously provide our customers with best-of-breed services through NextCard and other companies, and further expand our mission of becoming the leader in voice enabling the web.”
NextCard, Inc. ([www.nextcard.com]), launched in 1997, was the first to offer instant online credit card approval, customized credit card offers, and personalized PictureCard designs. Today, NextCard is committed to providing the most robust consumer shopping experience on the Internet and has continued to innovate with its complete GoShopping!SM Web site, NextCard Concierge online wallet companion, comprehensive rewards program and exceptional online account management.
NextCard is considered one of the leading direct marketers on the Internet, operates a network of more than 40,000 online affiliates and has exclusive card relationships with key brands, including Amazon.com, priceline.com and DILBERT. The Company also owns minority stakes in Flooz.com, the premier online gift currency and Paytrust.com, the leader in online bill payment.
In 1999, NextCard was ranked the No. 1 credit card brand Internet consumers would consider for use according to ZDNet’s BrandIQ research study. It was also named a Top 50 Financial Web site by Money magazine, a HOT 100 Company by Upside magazine and one of The Standard 100 most important and influential companies in the Internet economy by The Industry Standard. NextCard was recently nominated for a 2000 Webby Award in the finance category. NextBank N.A. is a wholly-owned subsidiary of NextCard, Inc.
Net2Phone is a leading provider of voice-enhanced Internet communications services to individuals and businesses worldwide. Net2Phone enables people to place low-cost high quality calls from their computer, telephone, or fax machine to any telephone or fax machine in the world. Net2Phone develops and markets technology and services for IP voice and e-commerce solutions for the web and other IP networks. For more information about Net2Phone’s products and services, please visit [www.net2phone.com].