Information Tech Chief To Leave Capital One

FALLS CHURCH, Va. - James P. Donehey, senior vice president of information technology and chief information officer at Capital One Financial Corp., plans to step down Feb. 29, the company said.After more than five years as chief information officer and member of senior management, Mr. Donehey wants to spend more time with his family, the monoline credit card company said.

Marjorie M. Connelly, senior vice president of credit card operations, and Laura Olle, vice president and senior business information officer, are to jointly lead the company's 1,700-person information technology department. Ms. Connelly is to head the infrastructure group, and Ms. Olle, the development group.


Visa Hires a Marketer In Sponsorship Field

SAN FRANCISCO - Visa U.S.A. has hired Courtney Mangone to be director of its event and sponsorship marketing department.Ms. Mangone comes to Visa from Taco Bell Corp., where she was senior marketing manager.

At Visa, she is to work with marketing consultants to develop card programs that leverage the association's portfolio of member-specific interest sponsorships for key member banks. Ms. Mangone also is to integrate sports properties for Visa event and sponsorship marketing.


First Data Takes 16% Stake in Web Start-Up

ATLANTA - First Data Corp. has taken an equity position in Yclip.com Inc., an Internet start-up that is developing advertising technology for pulling on-line shoppers into brick-and-mortar retail stores.Under a strategic marketing agreement, Austin, Tex.-based Yclip.com is developing its first products with the prominent payment services company. First Data says products will be available to merchants in the second quarter.

The Atlanta-based processing giant owns about 16% of Yclip.com and has a seat on its board. The dollar amount invested was not disclosed.

Yclip.com plans to market credit card-based incentives that would be offered on-line and redeemed in a store. The products would let Web shoppers or surfers avert the need to print coupons from their computers.


MBNA Expands Pact To Sponsor Car Races

DOVER, Del. - MBNA Corp. has agreed to expand its sponsorship agreement with Dover Downs Entertainment Inc., a motor sports and gambling company.Under the new pact, MBNA is to help sponsor the NASCAR Craftsman Truck series race at Dover in September. The Wilmington, Del.-based credit card company also is to sponsor the annual NASCAR Slim Jim All-Pro series race at the Nashville speedway and be designated the official credit card at Gateway International Raceway in St. Louis and at Memphis Motorsports Park in Tennessee.

MBNA also said it continues its name-in-title sponsorship of the spring and fall NASCAR Winston Cup and Busch Grand National Series races in Delaware.

The sponsorship agreement, which was begun in 1995, has been extended through 2002. MBNA's sponsorship of the Winston Cup and Busch Series races was extended through 2003.


Deluxe Unit's Check Service in Test by Ikea

MILWAUKEE - The eFunds subsidiary of Deluxe Corp. has landed the first major retailer for its electronic check conversion service.Ikea U.S. Inc., the Swedish furniture chain, is running a six-month test at its store in City of Industry, Calif. The test began in November but was not announced until recently.

The Deluxe unit, which also offers the service to smaller merchants, converts paper checks into electronic transactions by capturing data from the paper check and transmitting them to the retailer's financial institution. The consumer signs an authorization for the transaction, and the retailer returns the check to the consumer.

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