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7-Eleven, Inc. Signs Multi-Year Agreements With Alliance Data Systems to Boost Customer Shopping Convenience; 7-Eleven to Expand Its Vcom(TM) Product Offering by Adding Stored Value and Loyalty Features, Introduces New Convenience Card(SM), via Alliance Data's Loyalty Marketing Solution, Dynamic Value(R).

Publication: PR Newswire
Publication Date: 03-FEB-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
7-Eleven, Inc. , the world's largest convenience retailer, and Alliance Data Systems Corp. , a leading provider of transaction, marketing and credit services, today announced they will team to offer consumers greater convenience and new benefits by introducing two stored-value programs.

Under the terms of a six-year agreement, Alliance Data will provide stored value and loyalty marketing services for 7-Eleven stores' Vcom(TM) electronic commerce kiosks. Vcom is 7-Eleven stores' proprietary, self-service machine that offers ATM capabilities and touch-screen convenience to provide customers with financial and other services 24 hours a day. It is unique in the world of kiosks because of the variety of offerings on a single device. Currently, customers can conduct ATM transactions, purchase money orders and money transfers, cash checks, and soon they will be able to pay certain bills online. 7-Eleven plans to install Vcom kiosks in 1,000 of its stores by the end of May and, based upon the kiosks' performance, the company could...

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