Internet VISA Card Debuts

The Internet Access Financial Corporation (IAFC) launched today NextCard VISA, billing it as the “first
true Internet VISA.”

NextCard, which comes with an “100% Safe Internet Purchase Guarantee,”
offers instant credit card approval online using Rapid Results, the
company’s proprietary online application process.

San Francisco-based IAFC, in conjunction with Heritage Bank of Commerce of
San Jose, CA, developed the card to be a pure Internet product,
incorporating security software and encryption technology for safe online
transactions.

Cardholders can check account balances, as well as download and receive
statements, transfer balances, access available credit, and manage their
account. In the future, customers will be able to pay their credit card
bills online, have cash deposited directly into their checking accounts,
and receive online shopping discounts and digital coupons.

“By taking advantage of the power of the Internet, NextCard is changing the
face of the financial landscape in a powerful, consumer-driven manner,”
said Jeremy Lent, CEO and founder of NextCard.

“Consumers can now use a credit card that they help design according to
their individual needs, giving them unmatched convenience and buying power
through innovative technology, financial expertise and transaction security.”