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- EFD Moves Closer to Purchase By Fidelity (July 31, 2007)
EFD Moves Closer to Purchase By Fidelity July 31, 2007 By Prepaid Media Staff The proposed $1.8 billion acquisition of EFD eFunds Corp. debit and prepaid card transaction processor by Fidelity National Information Services Inc. has cleared a regulatory hurdle.
- Ceridian: Pershing Has Not Made Counter Offer (July 26, 2007)
Ceridian Pershing Has Not Made Counter Offer July 26, 2007 By Prepaid Media Staff Ceridian Corp., in comments released July 26, claims that Pershing Square Capital Management LP, Ceridian’s largest shareholder holding 14.9% of the company, has not yet offered
- Ceridian’s Card Unit Leads Second Quarter Results (July 26)
Ceridian’s Card Unit Leads Second Quarter Results July 25, 2007 By Prepaid Media Staff Ceridian Corp.’s Comdata subsidiary, which includes retail gift card processing, led the firm’s revenue growth in the second quarter but its earnings slumped. Ceridian, in its
- Intellectual Property Company Sues Prepaid Card Providers (July 24, 2007)
Every Penny Counts, Inc., an intellectual property company based in Sarasota, FL, filed a patent infringement against VISA, MasterCard, and American Express on July 17th. The company contends that when the card brands commercialized their open prepaid card programs, they knowingly and willfully infringed four patents (U.S. 5,621,640, 6,112,191, 6,088,682, and 6,876,971) owned by Every Penny Counts.
- Trycera Financial Reports June 2007 Key Financial Metrics (July 23, 2007)
Irvine, CA-based Trycera Financial, Inc., which distributes the Mi Dinero and the Model MasterCard prepaid debit cards among others, saw gross stored value card revenues decline in June by 19%, to $39,000 from $48,000 in June 2006, the company reports. Gross Dollar Volume, or GDV, on card transactions declined by 29% in June, to $600,000 from $900,000 in June 2006.
- Via One Distributes Reloadable nFinanSe Cards (July 16, 2007)
Via One Distributes Reloadable nFinanSe Cards July 16, 2007 Prepaid Media Staff Transaction processor Via One Technologies signed an agreement with prepaid card provider nFinanSe Inc. to sell and reload Discover branded nFinanSe prepaid cards at more than 10,000 retail
- Springbok Services Completes Expansion of Headquarters (July 12, 2007)
Springbok Services Completes Expansion of Headquarters July 12, 2007 Prepaid Media Staff Springbok Services, Inc. has completed the expansion of its corporate headquarters in Englewood, Colo., doubling its card fulfillment capacity. The completed expansion is the second phase of a
- MJM Innovations Launches Discover TaxiCard (July 12, 2007)
MJM Innovations Launches Discover TaxiCard July 12, 2007 Prepaid Media Staff MJM Innovations has launched the TaxiCard, a reloadable Discover branded prepaid card for cardholders to pay for taxi, sedan, or limousine services, eliminating the need for coupons, vouchers and
- Buyer of First Data Announces Plans to Go Public (July 6, 2007)
Private equity firm Kohlberg Kravis Roberts & Co., which is buying credit card and payments processor First Data Corp., announced that it has filed an initial public offering registration statement with the U.S. Securities and Exchange Commission and would list its common shares on the New York Stock Exchange under the symbol KKR.
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