16th Jun 2005 07:00
Intelligent Environments Group PLC16 June 2005 16 June 2005 Intelligent Environments Group plc iE's launches new online credit card managed service with BBVA Intelligent Environments Group plc ('iE'), the online software provider forfinancial services, announces that its new Internet credit card managed servicehas gone live with its first customer - BBVA.* The contract with BBVA is a three year managed service agreement with an annualpayment to iE. iE will also generate revenue from BBVA through a transactionbased pricing model geared to the number of online applicants and users ofInternet servicing for its innovative credit card. Phillip Blundell, chief executive of iE, said: 'We are proud to provide BBVAwith a sophisticated Internet platform for the launch of their Card. BBVArepresents an important new customer for iE not just in the UK but potentiallyEurope. This project has been an excellent example of how iE workscollaboratively with its customers to help the design and launch of a newproduct in less than 3 months. The platform is a low cost managed service, whichI believe will be attractive to a number of new entrants to the retail financialservices market. *Banco Bilbao Vizcaya Argentaria - END - Press contacts: Phillip Blundell, chief executive, iE Tel: +44 (0) 20 8614 9800Claire Maloney, Capital MS&L Tel: +44 (0)20 7307 5341 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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