Wright Express Acquires quick! PayCard, A Domestic Prepaid Payroll Card Provider

Wright Express Acquires quick! PayCard, A Domestic Prepaid Payroll Card Provider

SOUTH PORTLAND, Maine–( COMPANY WIRE )–Wright present agency (NYSE: WXS), a respected international carrier of fees processing and ideas control service, nowadays revealed it has acquired the assets of quick! PayCard, a privately held carrier of payroll debit cards, e-paystubs and e-W2s in an all money price that includes extra considerations for efficiency milestones. quick! PayCard is actually an emerging carrier of prepaid services and products focusing on small and mid-sized people.

“While quick! PayCard is currently a niche user, this transaction symbolizes an essential step for Wright present whilst allows united states to jump start the entrance to the residential prepaid market and broadens our payment assistance products. With well over 285,000 businesses that we provider immediately or through lovers, we feel our verticals were, in many cases, primary applicants for a prepaid payroll product. This with the standard of powerful customer care across all of our downloaded base supplies united states with an opportunity to supply a payroll goods to recent and potential people,” said Michael Dubyak, chairman and ceo of Wright present. “rapid! PayCard keeps stronger go-to-market effectiveness into the payroll sector, and additionally skills for the sales procedure, boss demands, essential features and greatest techniques. Besides, the company’s pay attention to customer service and tuition naturally satisfies Wright present’ business lifestyle.”

About Wright Present

Wright present are a leading provider of value-based, businesses installment processing and records control options. Their collection, business, and prepaid payment assistance create its significantly more than 350,000 users with unmatched safety and control across an extensive spectral range of business groups. Their subsidiaries consist of Wright present Financial providers, Pacific pleasure and Wright present International, including Wright present Prepaid Cards Australia and Wright present Fuel notes Australia. Wright present as well as its subsidiaries use a lot more than 850 acquaintances in six region. To find out more about Wright Express, kindly visit wrightexpress.com.

About fast! PayCard

fast! PayCard was actually established in 2004 and has now started focused on employer payroll credit software since creation. rapid! Paycard’s goal should help our very own people achieve a legally agreeable 100per cent electronic payroll that benefits the business financially, improves the lives of their staff, and helps to create a more renewable green model for payroll shipment. For additional information, go to our site at www.rapidpaycard.com.

This pr release contains forward-looking comments, including statements with regards to: the firm’s intention to enter the residential, prepaid credit card industry and increase the installment expertise choices; marketplace a prepaid payroll items to their consumers and potential customers. Forward-looking comments tends to be recognized by title loans in Mississippi using terminology such “expects,” “may,” “anticipates,” “intends,” “would,” “will,” “plans,” “believes,” “estimates,” “should,” and similar terminology and expressions. These forward-looking statements integrate a number of threats and concerns might result actual results to differ materially, like: the firm’s breakdown to effectively incorporate the businesses it has got acquired; the troubles to successfully broaden businesses to their present client base and potential future subscribers; the business’s breakdown to keep up or restore key agreements; failure to expand their technical capability and provider products since rapidly given that businesses competitors; what of regulatory systems, such as financial and securities regulators, or feasible changes in financial and types laws affecting the company’s professional financing bank together with organization once the business mother; the concerns of lawsuit; the effects of common economics on fueling designs additionally the commercial task of fleets along with other companies, and also other dangers and uncertainties identified in product 1A regarding the organization’s yearly document for all the season ended December 31, 2010, registered on kind 10-K utilizing the Securities and Exchange fee on February 28, 2010 additionally the company’s subsequent periodic and latest research. The company’s forward-looking comments and they issues never reflect the possibility future results of every alliance, merger, acquisition, personality or inventory repurchases. The forward-looking statements communicate best by the time with this news release and undue reliance shouldn’t be put on these statements. The organization disclaims any obligation to modify any forward-looking comments as a consequence of brand-new information, potential occasions or perhaps.