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Press Releases

British Travellers Love to Spend, Spend, Spend! (July 31, 2007)
Baggage allowances might be stretched to the limits as British travellers return home this summer, but their wallets won't be quite so heavy. That's according to new research from Travelex that indicates our love of splashing out when we go away means that more than a third of us are likely to overspend.

Metabolix Announces New Gift Card by Target Corporation Made from Mirel Biobased Plastics (July 31, 2007)
Metabolix Inc. (NASDAQ: MBLX), a bioscience company focused on developing clean, sustainable solutions for plastics, fuels, and chemicals, today announced that a new gift card by Target (NYSE: TGT) made using Mirel(TM) biobased plastic is now available in 129 Target stores nationwide.

NetSpend Clears Financial Payments Industry's Security Audit (July 31, 2007)
NetSpend, one of the premier providers of prepaid solutions in the United States, announced that it passed a second annual security audit by VeriSign Global Security Consultants to achieve compliance with VISA's and MasterCard's requirements for participation in their financial networks.

CFSI ANNOUNCES GROUNDBREAKING 'CATALYST FUND' (July 31, 2007)
The Center for Financial Services Innovation announced today the establishment of its CFSI Catalyst Fund, L.P., a private equity limited partnership created to cultivate new financial services companies and solutions focused on the underbanked.

Parago Announces Strategic Partnership to Enhance Prepaid Services (July 31, 2007)
Parago, Inc., the leading industry innovator in technology-driven rebate, incentive and promotion solutions, today announced FSV Payment Systems has been selected as a strategic partner for prepaid services. In the newly formed partnership, FSV Payment Systems will manage prepaid card processing while their partner, Meta Payment Systems will provide issuing bank services.

Springbok Services Secures Investment from Goldman Sachs (July 30, 2007)
Springbok Services, Inc., a leading provider of prepaid MasterCard® solutions, announced today the completion of a round of institutional funding from Goldman Sachs. The investment will enable Springbok to accelerate its growth strategy as it continues to serve businesses as the one-stop shop for branded prepaid card solutions.

El Dorado savings bank expands relationship with Metavante for banking and payments solutions (July, 25 2007)
Metavante Corporation, the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that Placerville, Calif.-based El Dorado Savings Bank has renewed and expanded the scope of its long-term agreement for Metavante’s processing services. With assets exceeding $1 billion, El Dorado Savings Bank has 34 branch locations in northern California and northern Nevada.

EZCORP and NetSpend Collaborate on Debit Card With Built-in Overdraft Protection (July 24, 2007)
EZCORP, Inc. , an Austin, Texas based provider of short-term consumer cash solutions, is collaborating with NetSpend Corporation, one of the premier providers of prepaid solutions in the United States, to make available its ALL-ACCESS(R) MASTERCARD Prepaid Card to consumers at more than 390 EZMONEY loan services stores across ten states.

Prepaid Cards: The State of the Industry (July 24, 2007)
A new Impact Report from Aite Group sizes and forecasts the evolution of the prepaid card industry in the United States. It examines the key trends impacting each major component of the industry value chain.

Meta Financial Group, Inc.(R) Reports Results for the Quarter Ended June 30, 2007 (July 24, 2007)
Meta Financial Group, Inc. (Nasdaq: CASH) reported net income of $2.41 million, or $0.91 per diluted share, for the 2007 fiscal year third quarter ended June 30, 2007, compared to net income of $2.48 million, or $0.98 per diluted share, for the 2006 fiscal year third quarter.

TSYS Reports 14.4% Increase in Net Income for Second Quarter 2007 (July 24, 2007)
TSYS announced the results for the second quarter with revenues of $460.2 million, and a 14.4% increase in net income over the same period in 2006. For the first six months of 2007, TSYS’ revenues were $889.8 million, operating income increased 16% to $181.6 million, and net income increased to $123.0 million, or 14.1%, over the same period in 2006.

TSYS Responds to Synovus Spin-off Announcement (July 24, 2007)
Synovus Financial Corp., which owns 80.8% of TSYS' outstanding stock, will ask its Board of Directors to consider whether to distribute its ownership interest in TSYS to Synovus' shareholders in a spin-off transaction.

BanX Inc. Announces Increased Nationwide Distribution Efforts of BanXcard(R) in Response to Wal-Mart's Fee-Heavy MoneyCard (July 24, 2007)
BanX Inc., a pioneer in the prepaid, stored-value card industry with over 3500 card-loading locations in the U.S., today announced greater nationwide distribution efforts of the Company's low-cost versatile BanXcard®, reaching out to more than twenty percent of the United States population without bank accounts.

Fiserv Business Unit, Personix, Selected to Provide Edge-to-Edge Photo Capabilities for PAYjr® Cards (July 24, 2007)
Personix, a business unit of Fiserv, Inc. (NASDAQ:FISV), and PAYjr today announced they are delivering edge-to-edge photo design options to financial institutions for teen prepaid cards.

Every Penny Counts(R) Sues 'Open' and 'Closed' Prepaid Card Providers (July 24, 2007)
Every Penny Counts, Inc. (EPC), an intellectual property company, on July 17th, filed a patent infringement against VISA, MasterCard, and American Express, as controlling the operation and the sale (via licensing agreements with banks and marketing groups) of the "Open" Prepaid Card; therefore, seeking damages and injunctive relief.

BankFirst Stored Value Solutions Agrees to be Acquired by The Bancorp (July 17, 2007)
Today, BankFirst Stored Value Solutions agreed to be acquired by The Bancorp, Inc. (the “Bancorp”) (Nasdaq NM: TBBK). The Agreement will call for The Bancorp to acquire substantially all of the assets of BankFirst’s “Stored Value Solutions” (“SVS”) business.

The Bancorp, Inc. Agrees to Acquire Leader in the Stored Value Card Industry from BankFirst (July 17, 2007)
The Bancorp, Inc. (the “Bancorp”) (Nasdaq NM: TBBK) today announced that it has entered into an agreement with BankFirst, a South Dakota banking corporation, to acquire its “Stored Value Solutions” (“SVS”) business.

Via One Technologies Signs Distribution Agreement for nFinanSe™ Discover® Network Reloadable Prepaid and Gift Cards (July 16, 2007)
nFinanSe Inc. (OTCBB:NFSE) and Via One Technologies, today announced that it has signed an agreement to provide nFinanSe™ Discover® Network Prepaid Cards to Via One Corporation, a global point of sale processor of electronic prepaid products and services.

Arroweye Solutions, Inc. Provides Customized Gift Card Technology to Toys ''R'' Us, Inc., Babies ''R'' Us, Inc., and Dunkin' Donuts (July 16, 2007)
Arroweye Solutions, a technology-enabled marketing services company offering gifting solutions for multi-channel retailers, announced its newest partnerships with Toys “R” Us, Inc., Babies “R” Us, Inc., and Dunkin’ Donuts providing customized gift cards for Toys “R” Us, Babies “R” Us, and Dunkin’ Donuts shoppers.

2Checkout.com Pays Suppliers Using Prepaid Debit MasterCard® Card Through Payoneer (July 16, 2007)
2Checkout.com (www.2checkout.com), a provider of global e-commerce solutions to tens of thousands of business customers around the world, announced that it has partnered with Payoneer™ Inc. (www.payoneer.com) to provide its suppliers with the option of receiving their usual weekly payments via a prepaid MasterCard® card, instead of a paper check or wire transfer. Operated by Payoneer, 2Checkout.com branded cards are good at any ATM, store or online site that accepts MasterCard worldwide. Cards allow suppliers faster, easier access to their funds while cutting the costs associated with other methods of payment. They bear the 2Checkout.com logo on top, are secure and easily reloaded.

Obopay Secures $29 Million in Third Round of Funding (July 12, 2007)
Obopay, Inc., the pioneering service provider for payments over mobile phones, recentlyannounced closing of its third round of venture funding, raising $29 million. This latest round of investment follows an overwhelmingly positive reception from American consumers since their 2006 launch.

MJM Innovations Launches TaxiCard® (July 12, 2007)
MJM Innovations, a management and technology firm focused on transportation solutions, announced today the launch of TaxiCard®, a reloadable prepaid card that can be used to pay for taxi, sedan or limousine services.

Vesta Corporation Launches New Retail Payment Service for Beijing Transit Card (July 12, 2007)
Vesta Corporation, an innovator and worldwide leader in payments solutions and services, announced that its Chinese subsidiary, KPay, has officially launched retail payment services for the Beijing transit card.

Metavante Provides Support For Harris Health Savings Account (July 12, 2007)
Metavante Corporation today announced it is providing the technology and support for a comprehensive health savings account (HSA) solution to Harris N.A., which recently launched its Harris Health Savings Account in both the individual and commercial HSA markets. Harris N.A. is the third-largest bank in the Chicago market. Metavante is the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI).

CardinalCommerce Enables PayPal Mobile Checkout With Leading eCommerce Brands SkyMall, DVD Empire and DVD Planet (July 11, 2007)
CardinalCommerce, a global leader in enabling payment brands for electronic commerce, today announced partnerships with three of the Internet's top merchants, SkyMall, DVD Empire and DVD Planet. Through the Cardinal MAX platform Cardinal has created hosted mobile shopping sites that are fully integrated with PayPal Mobile Checkout. The new service allows consumers to shop and purchase tens of thousands of products from these merchants directly from their mobile phones. Consumers can find products from these merchants by going directly to the merchant's mobile sites, browsing through a third party-enabled mobile search engine or by texting a product keyword to 63336.

Explosive Demand Propels Springbok Services, Inc. to Unprecedented Heights in the Prepaid Industry (July 11, 2007)
Springbok Services, Inc. announced today that it has completed an expansion of its corporate headquarters in Englewood, Colo. As a result of increasing demand and rapid growth, Springbok Services has doubled its card fulfillment capacity, completing the second phase of a longer-term expansion plan leveraging its one-stop shop technology to produce over 18 million custom prepaid MasterCard® cards annually. The announcement enhances Springbok’s comprehensive portfolio of offerings and capabilities that can not be found at any other single provider in the branded prepaid industry.

Southwest Airlines Takes Off With PayPal for Online Ticket Purchases (July 10, 2007)
Southwest Airlines today announced that the airline's low fares and frequent flights offered on southwest.com can now be purchased using PayPal.

Michael D. Capellas Named Chief Executive Officer of First Data Corp. (July 10, 2007)
First Data Corp., a leading global provider of electronic commerce and payment solutions, today announced that Michael D. Capellas will become chief executive officer following completion of the acquisition of the company by an affiliate of Kohlberg Kravis Roberts & Co. (KKR). Mr. Capellas will succeed Henry C. "Ric" Duques who has served as Chairman and CEO since November 2005, and previously served as Chairman from 1989 to 2003 and CEO from 1989 to 2002. Mr. Duques announced his intention to retire within two years when he returned to the Chairman and CEO roles in late 2005.

KPMG: Banks Battle Against Money Laundering as Market Complexity Increases: Spending Up By Nearly 60 Per Cent Over Previous Three Years (July 10, 2007)
The cost of fighting money laundering has risen dramatically for banks across the world as they have become increasingly engaged in the struggle against criminality. However, the task is becoming more difficult due to the increasing complexity of the financial markets in which they operate, including greater exposure to sometimes unfamiliar emerging markets and the dramatic growth of alternative assets, according to a global study by KPMG International.

Mint and CashValet Financial Services to Introduce Canada's Premier Payroll Card (July 9, 2007)
Mint Capital Corp., a subsidiary of Mint Technology Corp. (TSX-V: MIT), today launched, in partnership with CashValet Financial Services Inc., Canada's premier payroll card ("Payroll Card"). Payroll Cards offer employers the perfect solution for recurring payments such as payroll, expenses and incentives.

Mobile Payments to Generate Almost $22bn Transactions by 2011 and be Adopted by 204m Mobile Phone Users (July 9, 2007)
Juniper Research predicts that P2P fund transfers and mobile payments in the developing world, together with the commercialisation in 2009 of NFC (Near Field Communications) based mPayments will generate transactions worth approximately $22bn.

Walgreen Co. Signs With Fifth Third Processing Solutions for Credit Card Processing Services (July 9, 2007)
Fifth Third Processing Solutions is pleased to announce that Walgreens, the nation's largest drugstore chain, has signed a new, multi-year contract for credit card processing services to all of its retail locations throughout the United States.

nFinanSe Inc. Raises $9 Million in Private Securities Sale (July 9, 2007)
nFinanSe Inc. (OTCBB:NFSE) today announced that on June 29, 2007 the Company raised $9,069,597 through the issuance, to accredited investors, of 2,023,199 shares of its common stock, 1,000,000 shares of its Series B Convertible Preferred Stock and five-year warrants to purchase 1,511,600 shares of its common stock. Each share of the Series B Convertible Preferred Stock is convertible into one share of the Company’s common stock. Both the Series B Convertible Preferred Stock and the common stock were sold at the purchase price of $3.00 per share. The warrants entitle holders to purchase shares of common stock at an initial exercise price of $5.00 per share.

Trycera Financial Announces Strategic Alliance With Vootage -- a Leading High School Athletics Video Content Provider (July 6, 2007)
Trycera Financial, Inc. (OTCBB: TRYF), a financial services company specializing in the delivery of prepaid card programs and products, today announced that it has developed a strategic alliance with Vootage, Inc., a leading high school athletics video content provider with registered users in 50 states and 32 countries worldwide.

Metavante Names Timothy Oliver Chief Financial Officer (July 4, 2007)
Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that Timothy C. Oliver, 39, will join Metavante as senior executive vice president and chief financial officer on July 23, 2007. Oliver, who is currently vice president and treasurer of Milwaukee-based Rockwell Automation, Inc. (NYSE: ROK), will report directly to Metavante President and Chief Executive Officer Frank R. Martire.

Federal Reserve Banks Announce Changes To Increase Check Service Efficiency (July 4, 2007)
The Federal Reserve Banks recently announced changes to their check operations as consumers and businesses continue the shift from using paper checks toward electronic payments.

Blackhawk Network Announces Exclusive Gift Card Partnership with Major League Baseball Advanced Media (July 3, 2007)
Blackhawk Network, a market leader in card-based financial solutions and the largest provider of third-party gift cards in the United States and Canada, announced today an exclusive agreement with MLB Advanced Media LP (MLBAM), the interactive media and Internet company of Major League Baseball, to launch the first-ever MLB.com gift card. The card is available for purchase in Blackhawk Network’s expansive nationwide network of leading grocery, drugstore, mass and convenience store locations, such as Safeway, A&P, Stop & Shop, Giant Eagle and GetGo, CVS/pharmacy and Kmart.

HSA Growth Accelerates in Uncharted Waters (July 3, 2007)
Significant investments are being made today to implement Prepaid HSA cards that will provide significant benefits to cardholders and Third Party Administrators (TPAs). The most important of these is the inventory information approval system (IIAS) that will deliver auto-adjudication, significantly reducing administration costs for TPAs while eliminating the need to submit and file records by the cardholder.

Nomad Payments Surpasses 1 Million Transactions Per Month (July 3, 2007)
Europe’s leading prepaid and debit payments processor, Nomad Payments, is now handling well over 1 million financial transactions per month in the UK and Ireland. A significant increase from the 20,000+ transactions per month processed in the same period last year, and a clear indicator of the success of the processing division of the business which was launched only two years ago.

AccountNow Secures $12.75 Million in New Funding (July 2, 2007)
AccountNow, Inc., a leading marketer of MasterCard® and Visa® branded prepaid cards for the estimated 40 million strong underbanked consumer market, today announced the closing of $12.75 million in a third round of venture funding and the addition of two new board members.

i2c Announces Release of Sales Channel Pro and Sales Channel Matrix (July 2, 2007)
i2c inc., the innovative leader in high-quality transaction processing and stored value card management solutions, recently announced the release of Sales Channel Pro and Sales Channel Matrix. Managing multi-tiered sales channels and tracking commissions are two of the most daunting tasks associated with card program management. MCP’s sales channel modules provide extremely flexible and comprehensive tools to define complete commission structures for each card program.