Consumer Payment Card News

FANCash Returnsq

NationsBank, Precis Smart Card Systems, Schlumberger Smart Cards & Terminals, and Verifone Inc., have teamed up again to offer ‘FANCash’ smart cards to Carolina Panther fans again this year. Panther fans will be able to purchase drinks, food and merchandise with their ‘FANCash’ cards faster and in more places at Ericsson Stadium this season. This summer a new inventory and payment system was installed, called ‘Tangent’, which can accept smart card payments at all stadium registers. The 1998 ‘FANCash’ cards feature six designs preloaded with $10, $20, $25, $50 or $100. During 1996, NationsBank unveiled the stored value cards, which were marketed as ‘FANtastic Plastic’.

NationsBank will offer FANCash cards to Carolina Panther fans again this year. For the 1998 football season, NationsBank and its technology providers, Precis Smart Card Systems, Schlumberger Smart Cards & Terminals, and Verifone Inc., have installed the latest in smart card technology. This will enable fans to purchase drinks, food and merchandise with their FANCash cards faster and in more places at Ericsson Stadium.

This summer, Ericsson Stadium and Carolina Panthers Operations adopted a new inventory and payment system, Tangent, which can accept smart card payments at all its registers. NationsBank then worked with technology partners to install smart card readers and collection systems to complement the change in the stadium’s system. The result is an improved purchasing experience for fans.

“Ericsson Stadium has always taken pride in being a state-of-the-art sports facility,” said Jon Richardson, of the Carolina Panthers. “We are fortunate to have partners like NationsBank that share our vision to be on the cutting edge of technology in order to provide our fans with the most enjoyable experience possible.”

During 1996, NationsBank unveiled the stored value cards, which were marketed as FANtastic Plastic, “FANCash,” and gave patrons an alternative to cash purchases. FANCash cards can be used to replace cash for purchases at the stadium, and in the Panthers Team Store. Fans can use the card until its value is depleted or until expiration.

FANCash cards are available at the Panthers Team Store, NationsBank kiosks throughout Ericsson Stadium, NationsBank banking centers in Charlotte and Rock Hill or by calling 1-800-711-0728. Cards can also be ordered by fax at 757-446-3769 or by mail: FANCash Stored Value Card, P.O. Box 1347, Norfolk, VA 23501-1347.

The 1998 FANCash cards feature six designs preloaded with $10, $20, $25, $50 or $100. The four cards which make up the FANCash Puzzle Card Set feature Sean Gilbert, Fred Lane, Michael Barrow and Panthers mascot Sir Purr. The two cards which complete the 1998 offering feature the Panthers Logo and the Charlotte Skyline.

“We are excited to partner with the Carolina Panthers to bring this leading edge technology to Ericsson Stadium,” said Terri Hayden, NationsBank Stored Value manager. “This year’s FANCash program offers us a great opportunity to enhance the game day experience for the Carolina Panthers fans by providing them with faster, more convenient means of making purchases at the Stadium.”

“The PrecisCache system is a cost efficient smart card system and enjoys a proven track record in the stadium/arena market,” said Jim Lout, president and CEO, Precis Smart Card Systems. “We are pleased that NationsBank sought our expertise to replace the previously implemented system for the Carolina Panthers.”

“Schlumberger has long recognized that smart card acceptance in the United States can be moved forward by demonstrating the benefits of added convenience and innovative services to specific communities of users, such as stadium fans,” stated Paul Beverly, vice president, marketing Schlumberger Smart Cards & Terminals, North America. “NationsBank is one of the financial institutions leading this market development, and Schlumberger is pleased to be supporting them in the Panthers project.”

“We are very pleased to be involved with the impressive demonstration of smart card solutions at Ericsson Stadium, and we believe the reliability and flexibility of the VeriFone solutions will be critical as this project expands throughout the stadium,” said Nerino Mayer, business development manager for smart cards, VeriFone, Inc.

NationsBank Card Services is the 10th largest issuer of Visa and MasterCard credit cards and a recognized leader in the card industry.

NationsBank, with $315 billion in total assets, is the third largest U.S. bank with full-service operations in 16 states and the District of Columbia. NationsBank provides financial products and services to more than 18 million households and one million businesses, as well as institutional investors and government agencies in 46 states and in major markets around the world. The company’s shares (NB) are listed on the New York Stock Exchange.

Precis Smart Card Systems, Inc., based in Oklahoma City, Okla., is a leading developer of smart card applications in the United States. Precis Smart Card Systems developed PrecisCache, the stored value software application that runs the system that processes customer transactions. This application allows the amount of the sale to be securely deducted from the pre-programmed cards. The company develops stored-value solutions for a wide range of industries including banking, entertainment, sports, educational, and healthcare providers.

Schlumberger Smart Card & Terminals is the leading provider of smart card-based solutions worldwide, shaping the new world of smart card solutions by providing leading-edge technology to enable innovative smart card and terminal applications that enhance the security and convenience of businesses and communities of all kinds. The company provides cards, terminals, development tools and support in open configurations for operators, developers, integrators and distributors worldwide. As part of the Smart Village theme, the Schlumberger offer includes the milestone Cyberflex card, the first Java-based smart card. The Smart Cards & Terminals group operates 45 facilities in 34 countries across the globe. Additional information is available on the World Wide Web at Schlumberger Smart Cards & Terminals is a business segment of Schlumberger Limited, a $10.65 billion global technology service company providing oilfield services, natural resource management, transactions based technology and associated systems, and semiconductor test equipment.

VeriFone, Inc., founded in 1981, is a wholly owned subsidiary of Hewlett-Packard Company. The company is the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. VeriFone pioneered hardware and software systems to automate credit card transactions, and now offers integrated payment solutions to facilitate debit/credit and smart card payments at the merchant countertop and over the Internet, and is actively developing new consumer payment systems for the home. VeriFone has shipped more than six million electronic payment systems which are used in over 100 countries.

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