21st Century Banking Alert No. Century Banking Alert No. OCC approves establishment of Internet credit card bank.
Service provides bargain finder, online shopping guide and discounts.
NCI, formerly called Internet Access Financial Corporation, launched the NextCard VISA card in December 1997. NextCard also offers several product and service enhancements specifically designed for the Internet-enabled consumer. These include a customized application process, Internet-based account management, and online shopping enhancements. The NextCard currently offers a completely online credit application, authentication, and underwriting process through a proprietary program called RapidResults, a Java-based Internet application. The applicant completes and submits a credit card application online in a secured Internet session.