Wright Express Acquires quick! PayCard, A Residential Prepaid Payroll Card Carrier
SOUTH PORTLAND, Maine–( COMPANY CABLE )–Wright present enterprise (NYSE: WXS), click site a leading global service provider of repayment control and suggestions management solutions, these days revealed so it enjoys obtained the property of fast! PayCard, a privately used carrier of payroll debit cards, e-paystubs and e-W2s in an all funds offer that includes further factors for results milestones. fast! PayCard is actually an emerging company of prepaid merchandise targeting smaller than average medium-sized organizations.
“While fast! PayCard is a distinct segment user, this transaction signifies an important action for Wright Express because enables united states to jump-start the access inside home-based prepaid marketplace and broadens our very own payment systems products. Along with 285,000 businesses that we service immediately or through partners, we think all of our verticals include, oftentimes, prime candidates for a prepaid payroll product. This combined with the degree of stronger customer satisfaction across all of our installed base provides all of us with the opportunity to provide a payroll goods to existing and potential customers,” mentioned Michael Dubyak, president and chief executive officer of Wright present. “rapid! PayCard possess strong go-to-market capability in payroll sector, in addition to expertise during the sale procedure, employer needs, important features and best tactics. Additionally, the firm’s focus on customer support and tuition normally satisfies Wright present’ business heritage.”
About Wright Present
Wright present was a leading carrier of value-based, business fees running and details control assistance. The business’s collection, corporate, and prepaid repayment options incorporate the a lot more than 350,000 clientele with unparalleled protection and control across a wide spectral range of companies areas. Their subsidiaries consist of Wright Express economic service, Pacific pleasure and Wright Express worldwide, such as Wright Express Prepaid Cards Australia and Wright present gas Cards Australian Continent. Wright Express as well as its subsidiaries utilize over 850 acquaintances in six nations. To learn more about Wright present, please visit wrightexpress.com.
About rapid! PayCard
rapid! PayCard had been created in 2004 possesses come centered on employer payroll cards training since inception. rapid! Paycard’s objective will be assist all of our consumers accomplish a legitimately agreeable 100% digital payroll that benefits the company financially, improves the physical lives of the employees, and helps to create a very sustainable green product for payroll delivery. For more information, head to the site at www.rapidpaycard.com.
This press release consists of forward-looking comments, including statements concerning: the firm’s purpose to go into the domestic, prepaid card industry and increase its installment expertise products; markets a prepaid payroll items to their subscribers and potential customers. Forward-looking comments could be recognized by using keywords such « expects, » « may, » « anticipates, » « intends, » « would, » « will, » « plans, » « believes, » « estimates, » « should, » and similar phrase and expressions. These forward-looking comments include a number of risks and uncertainties that could result actual brings about differ materially, like: the company’s failure to effectively incorporate the firms it has got acquired; the troubles to successfully expand companies to its latest number of customers and potential future users; their troubles in order to maintain or restore important contracts; problem to expand the business’s technical capabilities and services choices as quickly while the company’s competitors; those things of regulatory systems, such as financial and securities regulators, or feasible alterations in financial and derivatives laws affecting their industrial mortgage bank therefore the company due to the fact business father or mother; the uncertainties of lawsuit; the results of common economics on fueling activities additionally the industrial task of fleets and various other organizations, and also other issues and concerns determined in product 1A associated with the businesses yearly document for the seasons concluded December 31, 2010, submitted on kind 10-K utilizing the Securities and trade percentage on February 28, 2010 together with organizations subsequent periodic and latest states. The company’s forward-looking statements that factors cannot reflect the possibility future effects of every alliance, merger, exchange, disposition or inventory repurchases. The forward-looking comments talk best by the big date within this press release and excessive dependence really should not be placed on these statements. The firm disclaims any obligation to modify any forward-looking comments as a consequence of brand-new facts, future activities or perhaps.