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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: zoom who wrote (4562)	3/30/1999 2:10:00 PM
From: good2yah	Read Replies (1) \| Respond to of 4761

IFLY and MasterCard!!!NEWSSSS M2 PRESSWIRE-30 March 1999-MASTERCARD: MasterCard becomes the preferred form of payment of 800 travel systems (C)1994-99 M2 COMMUNICATIONS LTD * Sponsorship program to yield benefits to MasterCard cardholders with exclusive offers when booking travel through 800 travel systems NEW YORK -- MasterCard International Incorporated today announced it has signed an agreement with 800 Travel Systems, Inc. (NASDAQ: IFLY) to become the preferred method of payment for the company's popular telephone travel services "800-LOW-AIR-FARE" and "800-FLY-4-LESS", as well as its online reservation system www.lowairfare.com. Financial terms of the agreement were not disclosed. As the preferred payment brand, MasterCard, in conjunction with 800 Travel Systems, Inc., will develop an exclusive offer for MasterCard cardholders who book their travel plans through 800 Travel Systems' telephone and Internet services. Additionally, future plans call for a consumer sweepstakes involving MasterCard cardholders who visit 800 Travel Systems' website. "Our alliance with 800 Travel Systems further strengthens our position in the travel and entertainment category, by delivering exclusive travel values to our cardholders," said, Fred Gore, Senior Vice President, U.S. Acceptance, MasterCard International. "By providing cardholders with value, savings and convenience, we are also enabling our members to capture more of this lucrative segment." "This promotional partnership will provide special opportunities for MasterCard cardholders," said Mark Mastrini, President, 800 Travel Systems, Inc. "Through our toll-free numbers as well as our state of the art interactive website and now our relationship with MasterCard, our clients will continue to experience the benefits of our exceptional customer service as well as our discounted rates on a full range of travel services." Today, only a small percentage of the world's T&E spending is settled by card payment. More than $2 trillion still is paid with cash or checks. MasterCard's T&E growth strategy includes a number of components that will further the association's goal of displacing cash and checks. From pioneering work with smart cards to promoting travel on the Internet, all of MasterCard's T&E initiatives are geared toward showing consumers the benefits of traveling with payment cards. One of the greatest benefits MasterCard cardholders enjoy while traveling is unsurpassed acceptance at more than 16.2 million merchant, ATM and cash access locations. Consumers also can feel secure knowing that MasterCard's Global Service program provides cardholders with travel assistance anytime, anywhere and in any language. Services range from card replacement to legal and medical assistance, 24 hours per day, seven days a week.