Penn
Visa: The Next Five Years
This
year the Division of Business Services
began a renewed five-year relationship
with MBNA America, offering the Penn
Visa credit card to alumni, faculty,
staff and students. Through Penn Visa,
the University supports many departments
and services, including alumni events/activities,
campus arts and culture programs,
PennCard operations, credit education
programs and more.
Penns
partnership with MBNA allows Penn
affiliates to support the University
through their Penn Visa purchases.
To date, more than 20,000 members
of the Penn community use Penn Visa.
Highlights
of the New Agreement: Our Commitment
to Protecting the Penn Community
- Comprehensive
Privacy Program to ensure proper
use of data and privacy protection
- Easy
Opt-Out from mailing/telemarketing
lists, via web
(www.business-services.upenn.edu/optout)
or phone (215-898-IDEA)
- Credit
Education Initiative
Why
MBNA?
MBNA
America is recognized as the leader
in affinity credit card programs in
higher education. MBNA provides a
product tailored to meet the needs
of the institutions they serve, as
well as the needs of their account
holders. MBNA offers a superior program
in the following respects:
- Detailed,
personal review of applications
and high standards required
for authorization of new
accounts
- Overall
lower credit limits for
student accounts
- Overall
lower default rates for
students
- Excellent
customer service to account
holders
- Availability
of credit education materials
and personnel
- High
performance on investments
MBNA
has been responsive to Penns
concerns and requirements throughout
the renegotiation of the relationship.
They have shown a willingness to work
with us to enhance their positive
presence, to address privacy and opt-out
issues, develop appropriate marketing
messages, and to work to respect our
populations. Their collaboration has
been critical to our faith in the
benefits of the renewed partnership
and its value to Penn over the next
five years.
Thank
you for supporting Penn and Penn Visa.
--Lee
Nunery, Vice President, Business
Services
Almanac, Vol. 49, No. 21, February 11, 2003
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