VISA and IBM Team Up to Deliver Online Financial Information to Banks

MILAN, Italy May 30, 1995 -- Visa International and IBM today announced an
agreement in principle that will dramatically change the way Visa and its
member banks exchange information worldwide. This agreement will provide
the structure to facilitate timely delivery of information and critical
decision support tools directly to member financial institutions' desktops
worldwide.

Each company individually offers key technologies and competencies that
will be integrated to comprise this service, known as VisaVue. Visa, with
its massive global payment processing system, VisaNet, can access valuable
transaction information through its centralized database capabilities. The
IBM Global Network will provide world-class network and communications
software with an easy-to-use graphical user interface.

"The strength of IBM's communications services combined with Visa's
information advantage represents a key ingredient in Visa's strategic
vision -- information on-demand -- encompassing a common delivery platform
with a standard 'look and feel,' " said William Chenevich, group executive
vice president, Visa International. "VisaVue will significantly increase
the effectiveness in the way member banks can provide customer services in
the competitive financial marketplace."

"We're certainly pleased that we've been selected to support Visa's vision
of information on-demand," said Gary Weis, president and chief operating
officer of Advantis, U.S. provider of the IBM Global Network.

Leveraging Information into Valuable Service

Capitalizing on its position as the world's largest payment system, Visa
already has successfully developed and introduced information products and
tools to member banks worldwide. In 1993, Visa launched VisaVue Solution
Series, the industry's first line of decision-support software for the
desktop. The Solution Series consisted of two key products -- Market
Advantage and Performance Plus -- comparing a member bank's card business
and operational performance to the market environment. Today, over 200
copies of this software have been delivered to Visa members around the
world.

In 1994, Visa U.S.A. introduced VisaVue for Partners, an information
software product that helps member banks to manage and increase the
profitability of their Visa co-branded card portfolios. The program
consists of two offerings -- Portfolio Manager and Targeted Marketing
Service. Portfolio Manager offers valuable market share and operational
information while the Targeted Marketing Service provides card issuing
banks with online capabilities to perform market research and target
cardholders with promotions and and new product introductions. Both
products run on a personal computer and use a simple "point-and-click"
approach, offering member banks easy access with graphic displays for
their requested information.

Information As A Fraud Fighting Tool

Earlier this year, Visa extended its information capabilities and began
online delivery of risk management information to the desktop. Member
banks throughout the world can now electronically send and receive timely
neural network fraud information directly from their computer to spot and
predict fraudulent card transactions. To date, member banks have saved
over $80 million by utilizing neural network technology and global
transaction information.

Information Key to Managing Customer Relationships

Information is a key factor in the ability of Visa member banks to
effectively manage customer relationships. To respond to that need, Visa
is broadening its payment service offerings to member banks to include
information exchange. Information products and services are a natural
outgrowth of that transition, and build on the synergy between Visa's core
assets of brand, products, payment systems, cardholders, merchants and
member banks worldwide.

"By leveraging card transaction data and economies of scale, we can deliver
to member banks' desktops an array of information products and services
while still ensuring consumer privacy," said Francois Dutray, group
executive vice president, Visa International. "With these essential tools,
members will be empowered to strengthen customer relationships, improve
their operating efficiencies and reduce their exposure to risk, all
positively impacting their bottom line results."

Over the next several years, Visa plans to electronically deliver virtually
all of its operational, risk, marketing and administrative information to
member banks worldwide. By the end of 1995, Visa will introduce online
services that include the Targeted Marketing Service, a bulletin board and
an electronic mail capability.

The IBM Global Network is the world's largest integrated data, voice and
video network, providing a wide range of network outsourcing,
connectivity, messaging, application and Internet services to customers in
more than 700 cities and 100 countries around the world. The IBM Global
Network's vision is to be the electronic channel of choice on the
Information Superhighway -- providing customers with a broad range of
network-centric services and applications via the Internet and other
public and provide networks worldwide.

Visa, the world's largest consumer payment system, is playing a pivotal
role in developing and implementing new technologies that benefit its
members and cardholders, business, government and the global economy.
Headquartered in San Francisco, Visa and its 21,000 member financial
institutions serve over 12 million merchants and 402 million cardholders
worldwide. It also operates Visa/PLUS, the largest global ATM network. In
1994, Visa consumer card transactions (credit and debit) totaled more than
$630 billion worldwide.

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