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Press Releases
- Fas Mart Honors InComm With Top Vendor Award (March 28, 2007)
Convenience retailer Fas Mart has awarded InComm its top vendor award for 2006 in recognition of the outstanding job that InComm has done helping Fas Mart achieve dramatic sales growth among gift cards, downloadable music, prepaid wireless, reloadable debit cards and more.
- Prepaid Health Care Cards Gain Consumer Support (March 28, 2007)
A recent survey about paying for health care found that a new tool is improving the process of health care spending and reimbursement. The survey, commissioned by the Network Branded Prepaid Card Association (NBPCA) and conducted by Kupersmit Research, found that consumers with prepaid health care cards, as part of their flexible spending account (FSA), were far more satisfied with being able to easily and efficiently pay for eligible health care expenses.* Eighty-one percent of respondents who have a prepaid health care card are extremely or very satisfied with their FSA versus 66% of FSA users without a prepaid health care card. The NBPCA is a non-profit, inter-industry trade association created in 2005 to advance the success of network branded prepaid cards.
- Evolution Benefits Increases Patent Portfolio of Advanced Auto-Substantiation Technologies (March 28, 2007)
The U.S. Patent and Trademark Office extended its recognition of Evolution Benefits' (EB) significant advances in the electronic benefit payment services industry by granting the company its second U.S. patent in as many months. EB's newest patent, U.S. Patent 7,197,468, titled "Methods and Systems for Processing Transactions Involving Accounts for Reimbursing Medical Expenses or Patient Responsible Balances with Multiple Transactions Substantiation Modes" enables the seamless and dynamic management of real-time and retrospective substantiation methods at the individual cardholder level for an employer group. Regardless of which method is used to substantiate a purchase as an allowable IRS expense, cardholders can use their Benny(TM) Prepaid Benefits to debit their FSA or HRA and achieve the highest level of substantiation available.
- i2c offers Entitlements program to MCP clients (March 27, 2007)
i2c inc., the innovative leader in high-quality transaction processing and stored value card management solutions, recently announced the release of its revolutionary "Entitlements" program. i2c is committed to unleashing the massive potential of "stored value" and is pleased to announce the addition of "Entitlements" to MCP, i2c's stored value card management platform.
- Payoneer Expands Web Payout Leadership with $4 Million VC Investment (March 26, 2007)
Payoneer(TM)Inc, provider of Web solutions for paying people worldwide, simply and quickly, announced that it has secured $4 million in Series A venture funding led by Greylock Partners. All earlier investors participated in the current round including Crossbar Capital and several angel investors. With thousands of its prepaid debit MasterCard® cards in use worldwide that meet the highest security and card issuing standards, Payoneer will use the additional funds to expand its services for Web 2.0 companies and other businesses that need faster, easier and more cost-effective ways of paying people around the world.
- Esprit Financial Group Inc.(ESPRIT)(CHNW.PK) Announces New CUSIP Number (March 26, 2007)
Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) http://www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system. The Company is also bringing to market a suite of stored value cards and an e-wallet product named EM2 (Electronic Money Management) which provides extensive capabilities for the unbanked or underbanked consumer and payroll market.
- PAYjr Partners with the Credit Union Association of New Mexico to Provide Co-Branded Prepaid Debit Cards for Teens (March 22, 2007)
In an effort to help parents educate their teenagers about earning, saving and spending money, PAYjr(R) has entered into a strategic marketing partnership with the Credit Union Association of New Mexico (CUANM). The partnership enables CUANM to offer a
co-branded version of the PAYjr Programs to their existing customer base of more than 500 credit unions as well as future clients of the association's CU Succeed youth financial education program. The PAYjr Programs include an online Allowance and Chore Management system designed for younger kids and a PAYjr Prepaid Card for teens 13 and up.
- Federal Regulators Seek Public Comment on Model Privacy Notice (March 21, 2007)
Eight federal regulators today released a notice of proposed rulemaking (NPR) requesting comment on a model privacy form that financial institutions can use for their privacy notices to consumers required by the Gramm-Leach-Bliley Act (GLB Act). The privacy notices must describe an institution’s information sharing practices, and, for certain types of sharing, consumers have the right to opt out. The notices must be provided when a consumer first becomes a customer of a financial institution and then annually for as long as the customer relationship lasts.
- Smartcard Marketing Systems and Payment Data Systems Announce Private Brand Agreement (March 20, 2007)
Smart Card Marketing Systems Inc. (PINKSHEETS: SMKG) (FRANKFURT: QYH), a leading provider of prepaid cards, stored value cards and Optical management services, is pleased to announce entering into a Private Brand Sales Agreement with Payment Data Systems, Inc. of San Antonio, TX (OTCBB: PYDS), a leading integrated electronic payments solutions provider, to market stored value cards managed through the combination of Payment Data's card management suite and Smartcard's web-based payment platform VelocityMoney™ and VelocityMerchant.
- Esprit Financial Group Inc.(Esprit) (CHNW.PK) Engages Financial Consulting Firm to Identify OTCBB Company For Merger or Acquisition (March 19, 2007)
Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) http://www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system, and has recently acquired leading edge electronic funds transfer (EFT) products that include domestic and international prepaid debit and Visa/Mastercard branded cards, as well as on online EFT capabilities under the EM2 brand name.
- Pacific Media Group Signs Speaking Roses Int'l Inc. (March 17, 2007)
Pacific Media Group, Inc., a wholly owned subsidiary of Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing cashless ATM kiosks, Point-of-Banking (PBT) terminal technology, Alternative Financial Lending, Affinity "Gift to Give'' prepaid gift and stored value cards, and full TV, Radio and Print Media services, announced today the signing of a media creation and placement agreement with Speaking Roses International, Inc. (OTCBB:SRII) to produce a new series of "Flowers are for Everyday" direct response TV ads.
- Blackstone Announces IPrepay, Inc. Acquisition (March 16, 2007)
Blackstone announces its acquisition of the assets of IPrepay Inc., a leading reseller of prepaid products and services. The Blackstone acquisition of IPrepay calls for Blackstone to service all IPrepay locations, leveraging Blackstone Proprietary Platform under its current patent and also under its new patent U.S. Patent No. 7,181,416 issued on February 20, 2007.
- Citibank Offers the American Express Gift Card (March 14, 2007)
American Express and Citibank, a member of Citi, today announced an agreement under which Citibank is selling the American Express® Gift Card in more than 980 Citibank retail Financial Centers nationwide. The agreement with Citibank is American Express' first with a national bank.
- MuchMusic Prepaid MasterCard(R) Launches Today Teens For Charity in Support of War Child Canada (March 12, 2007)
TORONTO - Youth nationwide get ultimate access to shop online - or anywhere else MasterCard(R) cards are accepted - and parents can take comfort in knowing their teens are spending responsibly with the MuchMusic Prepaid MasterCard(R). The best part? An incredible 10% of all net profit goes directly to War Child Canada, an independent charitable organisation working to assist children affected by war. It's a simpler, quicker, more secure way to pay. For starters, it's easy to top up the MuchMusic Prepaid MasterCard(R) at any time - online or at an ATM. So loading a card isn't a hassle and there's never safety concerns associated with carrying cash.
- Coinstar to offer Charter One Bank Gift Card through its drug, grocery and mass merchant gift card mall locations (March 6, 2007)
Coinstar, Inc. (NASDAQ: CSTR), a multi-national company offering a range of 4th Wall™ solutions for the retailers' front of store, and Charter One Bank N.A. (Charter One), today announced an agreement between Coinstar E-Payment Services Inc., a Coinstar subsidiary and Charter One for Coinstar to distribute the universal Charter One MasterCard® Gift Card through Coinstar gift card malls in drug, grocery, mass merchant, and convenience stores across America. The program is being facilitated by and through RBS Lynk Incorporated (RBS Lynk), an affiliate of and service provider for Charter One. Coinstar expects rollout of the program to begin in the second quarter of 2007.
- Bank of America Introduces Emergency Relief™ Card Solutions (March 7, 2007)
Bank of America announced today that it is introducing Emergency Relief™ Cards, a suite of prepaid card products that will assist corporations and government entities to prepare for catastrophic events. The special-use cards are designed to be incorporated into contingency plans to enable continuing business operations and to provide relief measures during times of critical need.
- Blackhawk Network Honored by Prepaid Media with the Most Innovative Product Award (Mach 5, 2007)
The 2007 Prepaid Card Expo’s First Annual Awards Recognizes Blackhawk Network’s Gift Card Mall Destination Concept
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 that the company’s Gift Card Mall Destination Concept, a convenient one-stop shop for consumers to purchase all the prepaid cards they need, has been honored as The Most Innovative Product at the Prepaid Card Awards.
- eFunds Corporation Becomes EFD, the Payments Solutions Company (March 5, 2007)
eFunds Corporation (NYSE: EFD), the company that delivers innovative enterprise payments and data & decisioning solutions, today announced the global launch of its new corporate brand, now known simply as EFD. The company will transition to the new name, which is also its stock ticker symbol, over the next 18-24 months, during which time it will be known as EFD, eFunds Corporation.
The move to EFD is closely tied to the evolution of the company's comprehensive value proposition around enterprise payments and data & decisioning solutions for global financial institutions, networks, merchants and large enterprises. Increasingly, these businesses are faced with growing pressure to optimize global payment processing operations, open more of the right customer accounts, and address fraud across the enterprise. To address this, they are turning to flexible, innovative solutions designed to increase the value of customer relationships while improving operational efficiency.
- More Than 100 Prepaid Programs Now Reload Using Green Dot Network (March 5, 2007)
Green Dot Network, the leading retail-based "C2B" cash processing gateway owned and operated by Green Dot Corporation, has reached a new high of 109 prepaid card programs reloading on its network as of January 31. These programs include cards issued from multiple banks under the MasterCard(R), Visa(R) and Discover(R) Network brands.
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