July 06, 1999 06:26
NextCard(R), InsWeb Team Up to Offer Insurance and Credit Card
Services
Leading Internet Visa Card in Marketing Agreement with Premier Insurance Marketplace
SAN FRANCISCO, July 6 /PRNewswire/ -- NextCard (Nasdaq: NXCD), the First True Internet Visa, and InsWeb (http://www.insweb.com), the Internet's leading insurance marketplace, today announced an agreement to provide NextCard customers direct access to InsWeb's insurance shopping services. The agreement marks the first time that NextCard applicants will be able to access insurance products online through a co-branded insurance center, which may be accessed directly from NextCard's site (http://www.nextcard.com). InsWeb will become NextCard's exclusive insurance provider.
"By joining forces with InsWeb, NextCard extends its ability to give consumers control and choice over their personal financial decisions, from credit cards to insurance," said Jeremy Lent, chief executive officer of NextCard. "NextCard applicants can now receive instant online quotes from the most trusted names in insurance."
"As the leading online credit card, NextCard enables InsWeb to reach a growing number of online consumers who want to shop online for insurance," said Hussein Enan, chief executive officer of InsWeb. "We welcome the opportunity to help these consumers save time and money by providing free, multiple insurance quotes from the nation's leading insurance companies."
NextCard, Inc.
NextCard, Inc., creator of The First True Internet Visa, is considered one of the industry's leading issuers of consumer credit on the Internet. Since its launch in December 1997, over 2 million people
have applied for the NextCard Internet Visa, making it one of the premier online credit cards. The Company continues to innovate with its Double Rewards program, complete GoShopping! tools, original PictureCard design, a one-click digital wallet, and exceptional online customer service. NextCard was recently named a "HOT 100 Company" by Upside Magazine (http://www.nextcard.com).
About InsWeb
InsWeb, the Internet's leading insurance marketplace insweb.com), helps consumers save time and money by providing free, multiple insurance quotes sponsored by the nation's leading insurance companies. InsWeb's 35 participating insurers offer auto, term life, homeowners, renters, individual health and short-term medical insurance. InsWeb is available at more than 80 sites on the
Internet, including Yahoo!, Infoseek, Snap.com, Microsoft Money99, LookSmart, Go2Net, and E*TRADE. InsWeb also provides interactive tools and research capabilities that enable consumers to make more informed decisions. InsWeb is rated the Internet's No. 1 insurance site by Lafferty Group, a leading independent consulting firm, and was recently ranked one of the "50 Most Incredibly Useful Sites" by Yahoo! Internet Life. InsWeb is headquartered in Redwood City, Calif.
"INSWEB" is a registered service mark of InsWeb Corporation. All marks above are those of InsWeb Corporation, except for those of insurance carriers, brokers, agents, industry organizations, financial
institutions, online partners, service providers and educational institutions, which are the marks of their respective entities.
CONTACT: Michelle DesMarais of NextCard, 415-836-9792, or
michelle.desmarais@nextcard.com; or Greg Berardi of InsWeb,
650-817-0129, or gberardi@insweb.com.
SOURCE NextCard, Inc.
/CONTACT: Michelle DesMarais of NextCard, 415-836-9792, or
michelle.desmarais@nextcard.com; or Greg Berardi of InsWeb, 650-817-0129, or
gberardi@insweb.com/
/Web site: nextcard.com
insweb.com
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