Autotoll Limited and Dah Sing Bank jointly launched the Autotoll Visa to offer an innovative toll payment method for tunnel and toll road users which is a breakthrough in toll payment.

Autotoll Visa offers an innovative "Autotoll Automatic Add-Value Service" which allows cardholders to make toll payment through automatic fund transfer from credit card. Whenever the balance of the customer's Autotoll Account falls below one-third of the "Prepaid Toll Amount", an amount equivalent to the "Prepaid Toll Amount" will automatically be transferred to his/her Autotoll Account from his/her Autotoll Visa, saving the trouble of adding value to Autotoll Account through autopay. What's more, the customer will be entitled to the credit card's 56-day interest-free repayment period for the automatic add-value transactions and enjoy enhanced financial flexibility. Customers may also choose to settle "Minimum Payment" to enjoy 18% p.a. the lowest interest rate in town.

To cater for the needs of Autotoll customers, a host of exclusive car-related privileges including fuel, car maintenance, car wash, car loan, etc. will be provided to offer added driving pleasure to the customers.

Besides, cardholders will be entitled to long term annual fee waiver benefit, 18% p.a. the lowest interest rate in town and "Instant Cash Reward" Benefit. In addition, cardholders will enjoy the convenience of the exclusive "PayEasy" Online Credit Card Bill Payment Service for over 100 merchants via internet.

What's more, successful applicants before February 28, 2001 will be entitled to Evolution stylish gifts and new Autotoll customers will additionally enjoy waiver of first 3 months' Autotoll Administration Fee.

Mr. Derek Wong, Managing Director of Dah Sing Bank said, "Dah Sing Bank is dedicated to understanding customers' financial and lifestyle needs and providing tailor-made benefits to cater for the every need of the customers in their daily lives. Subsequent to the introduction of the exclusive "PayEasy" Online Credit Card Bill Payment Service, we now launch the Autotoll Visa to offer motorists the convenience of toll payment through credit card to further implement our market segmentation strategy. Dah Sing Credit Card will continue to offer customers innovative services to keep up with the pace of modern life."

Mr. Paul Cheng, General Manager of Autotoll Limited said, "Autotoll is the first automatic toll collection system in Hong Kong covering all toll roads and tunnels. As the integral part of the transportation system in Hong Kong, Autotoll has a current daily vehicle flow of close to 280,000 which constitutes 42% of the total daily traffic of the 10 toll roads in the territory. In our continuous effort to enhance our service quality and competitiveness, Autotoll is launching the Autotoll Visa with Dah Sing Bank to offer automatic add-value service for toll payment which is a breakthrough in the traditional payment mode."

Mr. Stephen Chang, General Manager, Hong Kong and Macau of Visa International, said, "The launch of Autotoll Visa co-branded card truly reflects our ability to offer a variety of payment products, which meet the diverse needs of consumers. As the world's largest payment system and consumer payment brand, Visa runs more than 140 co-branded or affinity programs in Hong Kong. We believe co-branding is a way, which enables our member banks and partners to add value and utility to their image and services."

Autotoll Visa is now open for application. For enquiries and application forms, please visit any Dah Sing Branch or call Dah Sing Credit Card Customer Service Hotline at 2828 8168.

- End -