SOUTHERN PORTLAND, Maine–( BUSINESSES CABLE )–Wright Express Corporation (NYSE: WXS), a respected international service provider of cost operating and details administration treatments, now revealed which provides obtained the assets of rapid! PayCard, a privately held carrier of payroll debit cards, e-paystubs and e-W2s in an all profit deal that includes additional factors for performance milestones. rapid! PayCard is actually an emerging company of prepaid services and products centering on smaller than average mid-sized companies.
“While quick! PayCard happens to be a niche member, this deal symbolizes an important step for Wright present because makes it possible for us to jump-start our entrance in to the home-based prepaid industry and broadens all of our payment solutions products. With more than 285,000 businesses that we provider directly or through couples, we believe our very own verticals are, in many cases, best prospects for a prepaid payroll items. This combined with the degree of stronger client satisfaction across the downloaded base provides you with a chance to offering a payroll goods to recent and potential customers,” said Michael Dubyak, president and chief executive officer of Wright Express. “rapid! PayCard features powerful go-to-market capability when you look at the payroll sector, and expertise inside income process, boss criteria, crucial features and best ways. And also, the business’s target customer service and training normally satisfies Wright Express’ corporate culture.”
About Wright Express
Wright present try the leading service provider of value-based, companies fees processing and facts administration expertise. The Company’s collection, business, and prepaid payment solutions provide its a lot more than 350,000 visitors with unrivaled safety and regulation across an extensive spectrum of companies industries. The Company’s subsidiaries put Wright present Investment treatments, Pacific satisfaction and Wright present worldwide, such as Wright present Prepaid notes Australian Continent and Wright present gasoline notes Australian Continent. Wright present and its subsidiaries use above 850 acquaintances in six region. For more information about Wright present, please go to wrightexpress.com.
About fast! PayCard
fast! PayCard got created in 2004 and has started centered on workplace payroll cards products since inception. quick! Paycard’s objective should let all of our clients attain a legally compliant 100percent electronic payroll that benefits the company economically, boosts the everyday lives of these staff members, and creates a sustainable green unit for payroll delivery. To learn more, visit all of our websites at www.rapidpaycard.com.
This pr release contains forward-looking statements, like statements with regards to: the organization’s intent to get in the domestic, prepaid credit card markets and increase its repayment systems offerings; industry a prepaid payroll item to their subscribers and potential customers. Forward-looking statements are recognized by way of statement such “expects,” “may,” “anticipates,” “intends,” “would,” “will,” “plans,” “believes,” “estimates,” “should,” and similar terms and expressions. These forward-looking comments add numerous dangers and uncertainties that may create genuine brings about differ materially, including: the business’s breakdown to effectively integrate the businesses https://maxloan.org/title-loans-la/ it has got acquired; the breakdown to successfully broaden businesses to its recent customer base and future clientele; the business’s troubles to steadfastly keep up or renew crucial agreements; problems to expand their technological capabilities and solution products because fast as company’s opponents; the actions of regulating system, including lender and securities regulators, or possible changes in financial and derivatives legislation impacting the company’s commercial loan bank together with business since the business moms and dad; the concerns of litigation; the results of basic economics on fueling patterns in addition to commercial task of fleets alongside people, and also other risks and uncertainties identified in product 1A with the businesses Annual document for season finished December 31, 2010, filed on Form 10-K together with the Securities and trade percentage on March 28, 2010 in addition to company’s consequent routine and current states. Their forward-looking statements and these points never echo the possibility future influence of every alliance, merger, exchange, disposition or inventory repurchases. The forward-looking statements speak just as of the big date of the press release and excessive reliance shouldn’t be put on these comments. The organization disclaims any obligation to update any forward-looking statements resulting from newer ideas, potential happenings or else.
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