Wright Express Acquires rapid! PayCard, A Home-based Prepaid Payroll Cards Company

Wright Express Acquires rapid! PayCard, A Home-based Prepaid Payroll Cards Company

SOUTH PORTLAND, Maine–( COMPANY CABLE )–Wright Express agency (NYSE: WXS), the leading global service provider of fees control and suggestions management service, these days established that it provides acquired the assets of fast! PayCard, a privately https://maxloan.org/title-loans-id/ used supplier of payroll debit notes, e-paystubs and e-W2s in an all earnings offer which includes further factors for show milestones. rapid! PayCard is an emerging provider of prepaid merchandise targeting smaller than average medium-sized organizations.

“While rapid! PayCard happens to be a niche athlete, this purchase presents an important action for Wright Express since it makes it possible for us to jump start our very own entry into the domestic prepaid industry and broadens our very own installment assistance choices. With more than 285,000 companies that we provider straight or through partners, we think our verticals is, oftentimes, prime applicants for a prepaid payroll goods. This with the standard of powerful customer happiness across all of our downloaded base supplies you with the opportunity to promote a payroll items to latest and future clients,” stated Michael Dubyak, chairman and ceo of Wright present. “rapid! PayCard has stronger go-to-market functionality into the payroll industry, in addition to skills during the business procedure, company requirement, key characteristics and greatest tactics. In addition to that, the organization’s pay attention to customer support and knowledge normally complements Wright Express’ business customs.”

About Wright Present

Wright present is a prominent supplier of value-based, business repayment operating and information control solutions. The Company’s fleet, business, and prepaid fees options offer its more than 350,000 customers with unmatched safety and control across a broad spectrum of companies industries. The Company’s subsidiaries feature Wright Express Investment providers, Pacific Pride and Wright Express worldwide, including Wright Express Prepaid notes Australian Continent and Wright present Fuel Cards Australia. Wright present as well as its subsidiaries utilize a lot more than 850 acquaintances in six region. To find out more about Wright present, please go to wrightexpress.com.

About quick! PayCard

fast! PayCard is established in 2004 and also become dedicated to company payroll credit products since inception. rapid! Paycard’s purpose will be help our very own clients attain a legitimately agreeable 100% digital payroll that benefits the company financially, boosts the schedules of their staff members, and creates a lasting green design for payroll delivery. To find out more, go to our internet site at www.rapidpaycard.com.

This press release have forward-looking comments, such as comments with regards to: the company’s goal to go into the residential, prepaid credit card industry and broaden its fees possibilities choices; marketplace a prepaid payroll goods to their clients and potential customers. Forward-looking statements are identified by the use of terminology including «expects,» «may,» «anticipates,» «intends,» «would,» «will,» «plans,» «believes,» «estimates,» «need,» and close words and expressions. These forward-looking comments feature many dangers and uncertainties might create genuine leads to differ materially, such as: the organization’s breakdown to successfully incorporate the businesses it offers acquired; the problems to effectively expand business to the current client base and upcoming consumers; the business’s problem to keep up or restore essential contracts; problems to expand their technical functionality and provider products since quickly once the company’s opposition; what of regulatory body, such as financial and securities regulators, or possible changes in financial and derivatives guidelines affecting their professional mortgage financial additionally the business because the business mother; the concerns of court; the results of general business economics on fueling models in addition to industrial activity of fleets alongside enterprises, as well as other threats and uncertainties identified in product 1A regarding the organizations yearly Report for all the 12 months concluded December 31, 2010, filed on kind 10-K with the Securities and Exchange fee on March 28, 2010 together with business’s subsequent periodic and present reports. The company’s forward-looking comments that facets never echo the possibility future effect of every alliance, merger, acquisition, temperament or stock repurchases. The forward-looking statements speak merely as of the day of the news release and undue reliance should not be positioned on these comments. The organization disclaims any obligation to upgrade any forward-looking comments through new facts, future events or otherwise.

Dejar un comentario

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *