Advanta Business Cards Offers "Anytime, Anywhere" Report Access Through Its Web Site.VOORHEES, N.J.--(BUSINESS WIRE)--Sept. 2, 1998-- Site Built by First Data Direct Banking Lets Small-Business Cardholders Download or View Card Data Anytime, Anywhere Customers of Advanta Business Cards can now access commercial credit-card information 24 hours a day, seven days a week over the Internet. The first-of-its-kind Web site, built for Advanta Business Cards by First Data Direct Banking, enables the company's small-business cardholders to review quarterly information required for tax and accounting purposes. They can print the reports or download information into financial-management programs like Quicken. "Delivering reports over the Internet provides ease of access, speed and flexibility unmatched by traditional reports printed and mailed to business cardholders," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Pete Smyth, director of Strategic Operations for Advanta Business Cards. "The small-business person doesn't always have the luxury of being able to look at reports or contact customer service for account information during regular business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a ... and they are more prolific users of the Internet than are consumers," Smyth said. While many of Advanta Business Cards' customers asked for reports electronically, "it wasn't practical to produce electronic reports on diskette The official name for the floppy disk. See floppy disk. diskette - floppy disk or CD," Smyth said. "This allows us to put the information on a platform that's accessible and can be downloaded anytime, anywhere." Advanta Business Cards, which had already accepted applications for card accounts through its Web site, sees Internet access See how to access the Internet. to its Quarterly Management Reports as a natural next step toward online servicing of its 300,000-plus small-business customers. The site, unveiled in August, allows Advanta customers to review quarterly transactions and print or download reports. As more and more cardholders come to rely on the Internet service, Advanta Business Cards expects to reduce the costs of producing, printing and mailing reports and statements. The card issuer plans to continue adding new services to its NetPrecision Web site, such as dealing with customer-service issues, Smyth said. "We selected First Data Direct Banking to build and host our site because they have cutting-edge technology, operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. , security and computer facilities we couldn't possibly match," Smyth said. Outsourcing the site's development and Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. "was a natural step for us, as we wanted to get quickly out on the Internet with our services," Smyth said. "The Advanta Business Card Quarterly Management Reports are just one example of how First Data Direct Banking's NetPrecision Card Services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. can be customized to help card issuers pioneer faster, more cost-effective, customer-friendly service over the Internet," said Randy Kahn, president of First Data Direct Banking. Los Angeles-based First Data Direct Banking has built Web sites for several leading credit-card issuers. About Advanta Business Cards Advanta Business Services is a national leader in providing business credit services and equipment financing. Advanta Business Services is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Advanta Corp., a financial- services company with 2,400 employees, approximately $10 billion in managed assets and an additional $8.2 billion in assets serviced for third parties. The company provides consumers and small businesses with innovative products and services including mortgages, equipment leases, business credit cards, insurance and deposit products. The company also provides a full range of loan purchasing, contract servicing and securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. services to the mortgage industry. Advanta can be found on the World Wide Web at www.Advanta.com. About First Data Direct Banking First Data Direct Banking builds and hosts customized Internet financial-service solutions for banks, credit unions, savings and loans savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. , credit-card issuers and brokerage houses of all sizes. Using the NetSpeed process as a template, financial institutions can have fully functional, branded Web sites up and running in just 30 business days with the NetPrecision system. First Data Direct Banking ties leading-edge online financial-services partnerships and template, custom-built or existing Web sites into transaction processing provided by First Data Corp. Direct Banking can be found on the World Wide Web at www.netprecision.com. Hackensack, N.J.-based First Data Corp. (NYSE NYSE See: New York Stock Exchange :FDC FDC - Floppy Disk Controller ) is a global leader in payment systems, electronic commerce and information- management products and services. First Data and its principal operating units process the information that allows millions of consumers to pay for goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. by credit, debit or smart card at the point of sale or over the Internet; by check; or by wire money. For further information about First Data, visit the company on the Internet at www.firstdatacorp.com.
CONTACT: First Data Direct Banking
Bob Dixon, 213/251-5441
or
Advanta Business Cards
Pete Smyth, 609/782-7300, ext. 3218
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