Nostalgia Meets High-Tech as S&H Joins Fleet in Online Rewards Card

MANCHESTER, Mass. - FleetBoston Financial Group has introduced a cobranded credit card with the maker of S&H green stamps.Fleet seeks to capitalize on nostalgia for green stamps - first offered in 1896 by Sperry & Hutchinson Co. - in its alliance with the Internet subsidiary S&H Inc.

Cardholders will be able to earn S&H Greenpoints by using their Fleet cobranded credit card or by shopping through S&H's Web portal, which includes more than 60 merchants. Points can be redeemed for rewards, including merchandise and travel, or donated to certain charities.

S&H Green Stamps were the first national loyalty marketing currency in the United States. Last year, the company was acquired by a group of investors who updated the stamps as an Internet rewards currency.

Merchant Credit Card Processor Hires Three as Vice Presidents

LOUISVILLE, Ky. - National Processing Co., a merchant credit card processor, has announced several executive hirings.Sonny Martin, a former NPC executive who most recently served as president of client merchant services for First Data Corp., has joined the company as executive vice president of product management for the merchant services division.

Carol LeMay has become vice president for national retail sales. She was previously national sales director for Atlanta-based Momentum, which runs a merchant loyalty program

T. Jack Williams, formerly senior vice president of Stored Value Systems, a cash card provider, has joined NPC as senior vice president of merchant relations.

Accounting Trade Group Chooses Paymentech as Credit Card Processor

DALLAS - The American Institute of Certified Public Accountants has selected Paymentech Inc. to provide exclusive credit card processing for its 340,000 members and their businesses.Using the Paymentech service, members of the accounting trade group can preauthorize payments - such as monthly retainers - so that recurring charges are automatically billed and collected. The card processor, which is a subsidiary of Bank One Corp., said that accepting credit cards will help the accountants' customers track their expenses and manage their payment plans.

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