Citigroup and TVN in Agreement to Deliver Financial Services Through Digital Cable Set-Top Technology.NEW YORK--(BUSINESS WIRE)--Dec. 2, 1998--Citigroup's e-Citi unit announced today that it has an agreement with TVN TVN Televisión Nacional de Chile (Chilean official TV network) TVN Televisora Nacional (Panamanian TV Network) TVN Total Volatile Nitrogen TVN Telewizja Nowa (Polish TV network) Entertainment Corporation that represents a significant step toward the provision of Citigroup's financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. through digital cable set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. . e-Citi and TVN are jointly developing the hardware, software and interfaces for a comprehensive suite of financial services that will be made available to cable operators and their subscribers through the TVN Digital Cable Television infrastructure. The TVN arrangement represents another in a set of strategic alliances with leading communications companies Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. that are helping to propel Citigroup's pursuit of a multifaceted mul·ti·fac·et·ed adj. Having many facets or aspects. See Synonyms at versatile. Adj. 1. multifaceted - having many aspects; "a many-sided subject"; "a multifaceted undertaking"; "multifarious interests"; "the multifarious distribution strategy, which complements the company's expansion of consumer access options through electronic channels. As Citigroup continues to expand its global customer base, new distribution channels will play a significant role. This agreement marks an important step towards reaching an attractive customer base of 69 million U.S. cable households in their living rooms via a familiar cable television environment. "Our purpose in pursuing new distribution platforms for Citi's electronic financial services is to expand our customers' choice, access and control. This will continue to be our guiding philosophy as we work to develop this digitally-based offering from the ground up," said Ed Horowitz, Corporate Executive Vice President at Citibank. "We're very pleased that we are joined in this groundbreaking effort by TVN, a leader in the application of digital technology and the digital delivery of programming in the cable and satellite industry." "We're very excited to be working with e-Citi to develop and deliver what will be an important set of digitally-based Citi offerings," said Stuart Z. Levin, TVN Chairman & Chief Executive Officer. "Clearly, this is an agreement that allows us to fully leverage our robust digital platform to create a highly evolved and valuable set of financial services for cable operators to offer to their subscribers." Background Citigroup's e-Citi unit is driving the electronic delivery of Citigroup's banking, investment and insurance products and services to consumer and corporate customers. The e-Citi team is creating a suite of electronic products and services to meet customer needs in the evolving global economy. These solutions are designed to support the new electronic way of doing business. They offer content, access and choice as Citigroup continues to create a distinctive, global customer-driven, multi-purposed electronic experience. Citigroup formed on Oct. 8, 1998 by the merger of Citicorp and Travelers Group Inc., consists of businesses that produce a broad range of financial services - asset management, banking and consumer finance, credit and charge cards, insurance, investments, investment banking and trading - and use diverse channels to make them available to consumer and corporate customers around the world. Among its businesses are Citibank, Commercial Credit, Primerica Financial Services Primerica Financial Services, a wholly owned subsidiary of Citigroup, is a multi-level marketing[1] company headquartered in Duluth, Georgia. It is the largest financial services marketing organization in North America, with more than 100,000 licensed independent , Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , SSBC SSBC Stainless Steel Brakes Corporation (Clarence, New York) SSBC South Shore Baseball Club (Hingham, Massachusetts) SSBC Saint Stephen's Baptist Church (Temple Hills, Maryland) Asset Management Group, Travelers Life & Annuity, and Travelers Property Casualty. For more information, please visit www.citigroupinfo.com TVN Entertainment Corporation is a leading supplier of pay-per-view movie and event programming and related transactional services. Its turn-key digital television service, TVN Digital Cable Television, enables cable operators to offer 32 digital channels of NVOD NVOD Near Video On Demand movies, plus PPV Positive predictive value (PPV) The probability that a person with a positive test result has, or will get, the disease. Mentioned in: Genetic Testing PPV porcine parvovirus. PPV Positive-pressure ventilation sports, concerts and special events; 40 digital music channels; and an interactive on-screen on·screen or on-screen adj. & adv. 1. As shown on a movie, television, or display screen. 2. Within public view; in public. program guide, along with a full suite of complementary PPV transactional services, including technical and marketing support; customer service and billing; national access control; and studio licensing and fee administration. TVN also provides cable operators with access to digital set-top and headend equipment financing. TVN's website can be found at www.tvn.com |
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