Fair Isaac Board

Fair, Isaac confirmed Tuesday that Larry Rosenberger has resigned from the company’s Board of Directors. In early September, Rosenberger, who formerly served as CEO of Fair Isaac, was replaced by Tom Grudnowski, formerly of Anderson Consulting. Rosenberger continues to head the research and development unit. Fair, Isaac also announced yesterday that Peggy Taylor and Tony Christianson have been elected to the Board. Taylor is the CEO of Venture Builders. Christianson is a founder and managing partner of Minneapolis-based Cherry Tree Investments.


MyPoints Passes 5 Million

MyPoints.com ([http://www.mypoints.com][1]), a leading developer of Internet direct marketing and loyalty infrastructure, announced that it has experienced a 46% increase in transaction volume as the holiday season progresses. The Company also announced today that it has surpassed the five million member mark.

In October and November 1999, MyPoints.com processed on average 6.7 million transactions a month, an increase of 46% over an average monthly transaction volume of 4.6 million in the third quarter ended September 30, 1999. A transaction is defined as any point-earning action taken by a member, including enrollment, responding to direct marketing offers from MyPoints.com advertising clients and shopping with MyPoints.com e-commerce partners. As of November 30, 1999, MyPoints.com also saw membership increase to 5.1 million, up 21%, or 900,000, from 4.2 million at the end of the third quarter.

“We are experiencing a healthy increase in member activity and member growth across the MyPoints(R) Network and the private label Internet loyalty programs that we manage,” said Steve Markowitz, Chairman and CEO of MyPoints.com. “In addition to growing larger, we are also growing deeper as we continue to enhance our database with demographic, behavioral and transactional data on our members, building a direct marketing infrastructure to deliver highly targeted media on the Internet.”

As of November 30, 1999, four million of MyPoints.com’s 5.1 million members were registered in the MyPoints(R) Network, including the MyPoints(R) direct marketing membership service and co-branded versions of that program managed by the Company on behalf of Excite@Home, Food.com, GTE, Talk City, USA.NET and other partners. The remainder were members of private label programs managed by the Company on behalf of NextCard, Prodigy and XOOM.com (NBCi).

About MyPoints.com

MyPoints.com is a leading developer of Internet direct marketing and loyalty infrastructure, serving more than five million members and hundreds of leading advertisers and partners. The Company’s database-driven direct marketing service, MyPoints(R), offers direct marketers an approach to Internet advertising that integrates targeted email and Web-based offers with incentives to respond to those offers. Points earned in the program may be redeemed for a wide variety of products and services, such as travel awards, gift certificates, and prepaid phone cards, from more than 50 brand-name rewards providers. MyPoints.com also offers a line of business-to-business e-commerce infrastructure products, including custom Internet loyalty programs based on the Company’s proprietary rewards technology-the Digital Loyalty Engine(TM). MyPoints.com has been chosen to power custom loyalty programs for leading Internet companies such as Excite@Home, NextCard, Prodigy, USA.NET and XOOM.com (NBCi). MyPoints.com has sales offices in cities nationwide. For direct marketing and loyalty product information please call toll-free 800-890-9351, 212-699-8050, ext. 702 from outside North America, or visit [http://www.mypoints.com][2].

[1]: http://www.mypoints.com/
[2]: http://www.mypoints.com/


FDC & Reciprocal

First Data Corp., the leader in electronic commerce and payment services, and Reciprocal, the leading provider of global digital rights management services and solutions, announced a strategic agreement to help address the growing payment-related demands of digital content distribution on the Internet.

The initial focus of the agreement calls for Reciprocal to refer its customers to First Data for Internet payment processing services and other commerce-enablement tools. At the same time, the companies will collaborate on innovations to facilitate payment and related services for digital content purchases, as well as explore opportunities to provide DRM solutions to First Data’s financial institution clients and their base of merchants.

This announcement builds on the existing relationship between the two companies; First Data recently participated in Reciprocal’s latest round of financing, reflecting its commitment to help address the electronic commerce payment challenges created by the rapidly growing market for digitally distributed media.

“Reciprocal is thrilled to work with a leader like First Data,” said Duncan Shaw, Reciprocal’s senior vice president and head of global business development. “Together, Reciprocal and First Data will help address specific areas like fraud/risk management and stored value payments, and ultimately expand the range of services we offer our clients.”

“Digital commerce is poised for explosive growth and will be a major driver of electronic payment and transaction processing opportunities,” said Matt Golub, senior vice president, Internet Commerce at First Data. “Reciprocal is extremely well positioned to help companies capitalize on the promise of digital commerce, and we believe it will be a great partner.”

About First Data

Atlanta-based First Data Corp. (NYSE: FDC) helps move the world’s money. As the leader in electronic commerce and payment services, First Data serves more than two million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services. For more information, visit the company’s Web site at [http://www.firstdatacorp.com][1].

About Reciprocal

Reciprocal offers a full-service digital rights management (DRM) business service solution, making it easy for businesses to take advantage of the growing digital content economy. Reciprocal, one of the leaders in DRM, provides clearinghouse and back office solutions for the music, publishing, film, and entertainment industries.

Reciprocal offers the only scalable, digital clearing service that is multi-platform, multi-vendor, and multi-content compatible, and capable of handling millions of transactions per day. Partners and licensees include Microsoft Corp., InterTrust Technologies Corporation, Xerox Corp., Reuters, Bertelsmann Storage Media Group, amplified.com, TVT Records, and Digital Medical Systems.

Privately held, the company maintains offices in New York City, Buffalo and Research Triangle Park, NC.

Reciprocal, the Reciprocal symbol and Driving the Content Economy are trademarks of Reciprocal, Inc. in the United States and other countries. All other products and companies mentioned are registered trademarks or trademarks of their respective owners.

For more information on Reciprocal, visit its web site: [http://www.reciprocal.com][2].

[1]: http://www.firstdatacorp.com/
[2]: http://www.reciprocal.com/


Y2K Browser Bug

The first evidence of a Y2K problem is already emerging as millions of Internet users begin bumping into an online message that says the Web site’s security certificate has expired. The problem centers around browser versions that contain old VeriSign digital certificates which were issued three years ago with two digit dates. The message recommends upgrading the browser to a new version. Since the process of replacing a browser can take as long as two hours, there is the potential that many consumers will simply abort their online credit card transactions at the checkout point. Other consumers may find the message confusing and become unnecessarily concerned about all Internet transactions. Estimates vary as to how many Internet users will be affected. VeriSign indicates only 4% of users will see the message while other surveys indicate the number could be as high as 11%. Based on NetRating’s current data for the Internet universe, this means between 1.3 million and 3.4 million online households or between 5.0 million and 12 million individual users will be affected by the Y2K browser bug. The browsers affected include the Netscape Navigator browser, version 4.05 or earlier, and the Microsoft Internet Explorer browser, version 4.01 for Macintosh. Most online bank sites will not support these expired browsers and will therefore block access to secure pages.


Hong Kong Card

GE Capital signed an agreement Monday with Hang Seng Bank to provide Hong Kong Dollar-denominated MasterCard corporate credit cards, Chinese- or English-language statements and customer service, and other in-country cardholder services. The ‘MasterCard Corporate Card’ alliance is targeted at large multinational corporations which have operations in Hong Kong. GE says the deal is part of the company’s alliance strategy to issue corporate cards in local currencies with local cardholder support for GE’s multinational clients. Hang Seng Bank will provide system support to supply card transaction data in a format that allows consolidation of global spending data via GE Card Service’s ‘Synergy 2000’ reporting system. Hang Seng has 156 local branches and consolidated assets of HK$435.5 billion.


Excess Spread Widens

Excess spread on U.S. securitized portfolios rose to record levels and there was a strong rebound in portfolio yields last month. Fitch IBCA’s monthly report shows the excess spread index tacked on 19 bps in advancing to a record 6.10% for November. Industrywide excess spread, which is defined as trust income (portfolio yield) less expenses (bond coupons, servicing and chargeoffs), has bettered the 5% threshold for 13 months and is now more than 17% above year-ago marks. Meanwhile the portfolio yield index, which was the driving force behind the excess spread advance, rose 85 bps to 19.63% but fell short of November 1998’s 19.99%. The gain was helped by the 50 bps of summer interest rate increases, finally showing their full effect on cardholder balances. The most recent 25-bp increase will not fully impact portfolios until February. Near term, Fitch IBCA expects portfolio yields to trend in the 18.5%-20% range as more rational pricing policies take hold. The chargeoff index rose a slight 7 bps to 5.28% from its month-earlier level but extended its string of year-over-year improvements to 16 consecutive months. Delinquencies continued their upward trend adding 9 bps as the index registered 3.19%.



Memphis-based Payment Transaction Services has signed a marketing partnership with NBC Merchant Services which is a division of TransPlatinum Service Corp., which is a subsidiary of National Commerce Bancorporation. Under terms of the deal PTS, as an ISO, will manage NBC Merchant Service’s third party distribution channels, selling credit card services to merchants and managing agent banks and independent sales offices. In return NBC will provide merchant credit card transaction processing services to PTS. Through this partnership with PTS, NBC Merchant Services expects to acquire in excess of 4,000 new merchant locations next year. Payment Transaction Solutions, with seven employees, is led by CEO Steve Demaree and President Bruce Schratz. Demaree and Schratz began PTS as a start-up company in January of this year following respective 15-plus-year careers in transaction processing.


Cash America CEO

Cash America International, Inc. announced that Chairman and Chief Executive Officer, Jack R. Daugherty, who founded the Company in 1984, will retire from the position of Chief Executive Officer effective February 1, 2000. At that time, Daniel R. Feehan, President and Chief Operating Officer, will take the reins as Chief Executive Officer. Mr. Daugherty will remain as Chairman of the Board and will continue to be involved in the strategic direction of the Company.

Mr. Daugherty is viewed as an innovator and pioneer in the pawn industry. Beginning with one pawnshop in the early ’70s, in Irving, Texas, Mr. Daugherty expanded the Company to a size capable of becoming the first publicly-owned pawnshop chain in history. Cash America, under the direction of Mr. Daugherty, also became the first pawnshop chain to conduct operations in the United States and in foreign countries. In 1992, Cash America acquired Harvey & Thompson, a one-hundred-year-old chain of pawnshops, based in London, England, and in 1994, acquired Svensk Pantbelaning, a one-hundred-year-old chain, based in Stockholm, Sweden. The success of Cash America inspired others to establish large multi-unit pawn businesses focused on professional management, image and service to the customers. The leadership position of Cash America in the pawn industry has led to an upgrade in the appearance and service standards of pawnshops across the nation.

Commenting on the planned transition, Mr. Daugherty stated, “After fifteen years, the time has come for me to step aside and relinquish the Chief Executive Officer responsibilities. I’ll still be involved with the Company, though, and I am excited about its opportunities with Dan at the helm.” Mr. Feehan, who joined the Board of Directors of Cash America in 1984 and has served as President and Chief Operating Officer since 1990, added, “Jack and I have made a great team over the past ten years. While I will miss our daily interaction, Jack’s ongoing role as Chairman will undoubtedly continue to be an asset to our management team and shareholders.”

Cash America International, Inc. is a diversified provider of specialty financial services to individuals in the United States, United Kingdom and Sweden. Cash America is the largest provider of secured non-recourse loans to individuals, commonly referred to as pawn loans, through 469 locations in 16 states and two foreign countries. In addition, the Company provides check cashing services through 139 franchised and company-owned “Mr. Payroll” manned check cashing centers and rental purchase services through its wholly owned subsidiary, Rent-A-Tire, Inc.


billserv.com Promotion

billserv.com inc., a leading electronic bill presentment and payment service bureau, Monday announced that it has promoted David S. Jones to executive vice president. Jones, who co-founded billserv.com last year, previously served as senior vice president.

In his role as executive vice president and co-founder, Jones is responsible for establishing strategic partnerships with billing companies and complementary Internet billing providers, developing the company’s overall strategy, and creating the vision for new products and services.

“David has been instrumental in securing key partnerships and billing customers, and we’re pleased to provide him the recognition he deserves,” said Michael Long, chairman and CEO of billserv.com. “David’s rare knowledge of both the billing and Internet markets, combined with his strong strategic vision, has had an enormous impact in propelling billserv.com to an industry-leading position.”

Prior to co-founding billserv.com in 1998, Jones served as an Internet engineer at Billing Concepts where he was responsible for helping to define the company’s strategic Internet direction.

Jones was recently elected to the Junior Achievement Leadership Council, and has been appointed to the board of MyFreeLD.com, the nation’s first free Internet long distance service. Jones also has spoken at several industry conferences and is viewed as an expert on the EBPP industry.

About billserv.com

billserv.com, inc. (OTC BB: BLLS) is an electronic bill presentment and payment service bureau that provides middle-market billers with a turnkey outsourcing solution for presenting bills to consumers for payment on the Internet. billserv.com serves an intermediary role between billers and bill aggregators by consolidating customer billing information from multiple billers, and then securely delivering it to aggregators. billserv.com has four product offerings: (eServ(SM)), Internet billing clearinghouse services for EBPP; (ePublishing(SM)), electronic publishing services for online statement delivery; (eCare(SM)), an interactive customer care center operation; and (eConsulting(SM)), professional consulting services for billing organizations offering in-house bill presentment. billserv.com also owns and develops bills.com, the first EBPP Internet portal where consumers can pay all their bills electronically. For additional information, visit [http://www.billserv.com][1].

[1]: http://www.billserv.com/


Top Commerce Site

GiftCertificates.com has been ranked November’s fastest growing commerce site on the Internet by the NextCard ‘eCommerce Index’, a monthly listing of the Top 25 online merchants. The NextCard Index provides accurate data concerning where consumers actually purchase on the Internet, and is based on the monthly activity of approximately 135,000 NextCard Internet VISA cardholders, which are among the most active online shoppers on the Web. NextCard delineates retail, mail-order and telephone transactions from true Internet purchases. Other top online merchants for November include: toytime.com; walmart.com; eve.com; and etoys.com.


Aylsis Promotion

Alysis Technologies a leading provider of Electronic Bill Presentment and Payment and Internet statement distribution software, Monday announced that Louis F. Provenzano has been named Senior Vice President of Worldwide Sales. In his new role, Provenzano will be responsible for capitalizing on significant revenue opportunities that the global e-presentment marketplace offers. Provenzano comes to Alysis from Loan Pricing Corporation, a Reuters subsidiary, where he was Senior Vice President and Director of Sales and Marketing.

While at Loan Pricing Corporation (LPC), Provenzano directed the sales and marketing efforts for the world’s largest publisher of statistical analysis of syndicated and commercial loan information. As one of LPC’s original employees, Provenzano developed the company’s national sales force and launched a series of proprietary risk management and commercial syndication products for financial services companies around the world. Provenzano also helped LPC create, package and sell bank portfolio analytical applications that helped the company become one of the most profitable Reuters subsidiaries.

Kevin Moran, president and CEO of Alysis Technologies, described the signing of Provenzano as a key factor in Alysis’ growth strategy. “In the past year, Alysis has focused its efforts on the rapidly growing electronic presentment marketplace, emphasizing solutions for electronic bill presentment and payment (EBPP), Internet statement distribution and business intelligence, especially in the financial services market,” said Moran. “We believe that Louis’ experience in banking, particularly in the syndicated and commercial loan sectors of the industry, will help us significantly accelerate our efforts to provide e-commerce solutions to both financial institutions and other document intensive industries.”

During his tenure at Loan Pricing Corporation, Provenzano also played a key role in building the company’s popular Loan Connector service, which offered customers Internet-based, real-time access to commercial loan and syndication information. Loan Connector is now in use at more than 400 financial institutions worldwide, including many of the leading banks and investment banks that syndicate commercial loans. Before joining Loan Pricing Corporation, Provenzano was Director of Portfolio Management for First National Bank of Chicago’s South American Division. Fluent in five languages, he oversaw trading and portfolio management for leading private banking clients in South America. “Our entire economy is moving toward an Internet-based model. Part of the great draw of joining Alysis is the opportunity to work with the industry leader and innovator in e-presentment just as the technology is taking off,” said Provenzano. “Alysis has a terrific combination of business and technical expertise and a unique background in Internet presentment. All that remains now is to build on the tremendous foundation that has already been created.”

About Alysis Technologies

Alysis Technologies develops and delivers software products that allow leading edge financial service organizations to integrate the power of the Internet with their network document repositories to provide the ultimate in customer service and one-to-one marketing. Its client base includes 20 percent of the largest banks in the United States, the largest mutual fund organizations, leading global brokerage firms and many of the world’s largest information technology outsourcing companies. For more information, please visit [http://www.alysis.com][1].

[1]: http://www.alysis.com/


Dr. Harris joins TSYS

Richard W. Ussery, Chairman of the Board and CEO of Total System Services, Inc., today announced that Sidney E. Harris, Dean of Georgia State University’s J. Mack Robinson College of Business, is joining the TSYS Board of Directors.

“We are excited to add Dr. Harris to the Board of Total System Services,” said Ussery. “His expertise in electronic commerce, marketing strategy and the strategic use of business information makes him a perfect fit for our company.”

Dr. Harris is a graduate of Morehouse College and earned his Ph.D. in operations research at Cornell University. He was named dean of Georgia’s largest business school in July 1997. During his tenure as dean, he has reformulated the strategic direction of the College, raised over $10 million on behalf of the College and launched two new research institutes: the Russell International Center for Entrepreneurship and the Center for Digital Commerce.

He began his professional career with Bell Telephone Laboratories in New Jersey and moved to Georgia State University where he became a tenured member of the faculty of the Decision Sciences Department. In 1987, he joined the faculty of the Peter F. Drucker Graduate School of Management. He was appointed chair of the Management Program in 1990, and served as dean of the Drucker Graduate School from 1991-1996.

Dr. Harris’ research focuses on the interplay between marketing strategy and electronic commerce and the strategic use of information in the strategy, structure and culture of high performance organizations. He co-founded the Institute for the Study of U.S./Japan Relations in the World Economy with Professor Peter F. Drucker and has lectured internationally at several universities. He serves on the boards of Lanier Worldwide, Inc., The ServiceMaster Company and Transamerica Investors, Inc.

TSYS is one of the world’s leading information technology processors of data and transactions for domestic and international issuers of credit, debit, commercial and private-label cards. TSYS’ sophisticated systems offer online accounting, data processing, electronic commerce services, portfolio management, account acquisition, credit evaluation, risk management and customer service. Through our family of companies, TSYS services the entire lifecycle of card accounts, and processes millions and millions of accounts, making it possible for consumers to use their cards any time, anywhere. Headquartered in Columbus, Ga., TSYS ([http://www.totalsystem.com][1]) is an 80.8 percent owned subsidiary of Synovus Financial Corp. (NYSE: SNV) ([http://www.synovus.com][2]) named the Best Company to Work for in America by FORTUNE magazine.

[1]: http://www.totalsystem.com/
[2]: http://www.synovus.com/