Newsroom:
Stored Value Solutions Press Releases
12-21-2005
Stored Value Systems, Hyatt Hotels & Resorts Announce Ideal Gift for Holiday Season
BRENTWOOD, Tenn. - Stored Value Systems, Inc. (SVS), a subsidiary of Comdata Corporation, and Hyatt Hotels Corporation announced a new electronic gift card program, kicking off just in time for the holiday season.
Hyatt Gift Cards can be purchased at any participating Hyatt Hotels & Resort® in the U.S. and Caribbean, online at http://www.hyatt.com and select retail outlets, including Staples and Kroger stores nationwide, in denominations up to $500. The Hyatt Gift Card® can be used toward overnight stays, Hyatt operated services charged to a Guest Room and at Hyatt's award winning restaurants.
"The electronic gift card program is an outstanding convenience for our customers as we offer the benefits of technology enjoyed by shoppers in other industries," said Scott Walker, director of individual incentives for Hyatt Hotels. "Deciding to partner with Stored Value Systems was an easy decision because of its leadership role in the stored value industry."
Bob Skiba, SVS executive vice president and general manager, said, "Hyatt's new gift card will enhance the customer loyalty base as consumers use gift cards to share the gift of indulgence."
About Stored Value Systems
Since introducing the first-ever magnetic-striped retail gift card to shoppers in 1995, Stored Value Systems, Inc. (SVS) is one of the world's leading providers of electronic gift cards and other card-based transaction programs. International retailers rely on SVS to create customer loyalty, increase sales and strengthen their competitive position in the retailer marketplace. Headquartered in the United States, SVS is a wholly owned subsidiary of Comdata® Corporation. For more information, visit www.ceridian.com.
About Comdata Corporation
Comdata® Corporation (www.comdata.com) is a leading business-to-business issuer and processor of payment cards, primarily in the retail and transportation industries. Comdata's range of products and services include fleet, fuel, purchasing, T&E, payroll/reimbursement, EBT, gift and loyalty cards and processing. A full-service merchant processor, Comdata's platforms support both its proprietary card networks as well as processing for any card tender a merchant may accept. Headquartered in Brentwood, Tenn., Comdata employs more than 1,500 people nationally and internationally. Comdata is a wholly owned subsidiary of Minneapolis-based Ceridian Corporation (NYSE: CEN). /
About Ceridian
Ceridian Corporation (NYSE: CEN) is an information services company serving businesses and employees in the United States, Canada and Europe. Ceridian is one of the top human resources outsourcing companies in each of its markets, and offers a broad range of human resource services, including payroll, benefits administration, tax compliance, HR information systems and employee advisory programs. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States. For more information, visit www.ceridian.com.
About Hyatt
There are 213 Hyatt hotels and resorts (over 90,000 rooms) in 44 countries around the world, operating under the Hyatt®, Hyatt Regency®, Grand Hyatt® and Park Hyatt® brands. Currently, there are an additional 29 Hyatt hotels and resorts under development, including 10 new hotels in China. Hyatt Corporation (domestic U.S., Canada and Caribbean hotels) and Hyatt International Corporation (international properties) are subsidiaries of Chicago-based Global Hyatt Corporation. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc. (timeshare), Hyatt Equities, L.L.C. (hotel ownership), and U.S. Franchise Systems, Inc. (which franchises Hawthorn Suites, Microtel and America's Best Inns).
In January 2005, Global Hyatt Corporation also added an additional 143 U.S. properties to its growing portfolio with the acquisition of the upscale, limited service AmeriSuites hotel chain. These properties will be renovated and repositioned under the new Hyatt Place select service brand in 2006.
From the U.S. and Canada, reservations for any Hyatt hotel worldwide may be obtained by calling 1-800-233-1234 or logging onto www.hyatt.com.
