Wright Express Acquires fast! PayCard, A Domestic Prepaid Payroll Credit Provider

Wright Express Acquires fast! PayCard, A Domestic Prepaid Payroll Credit Provider

SOUTHERN AREA PORTLAND, Maine–( BUSINESS CABLE )–Wright present agency (NYSE: WXS), the leading international carrier of payment control and information administration solutions, now launched which provides obtained the assets of quick! PayCard, a privately held carrier of payroll debit notes, e-paystubs and e-W2s in an all profit price that includes further factors for abilities milestones. quick! PayCard try an emerging company of prepaid services and products targeting smaller than average medium-sized enterprises.

“While rapid! PayCard happens to be a distinct segment player, this purchase represents an essential step for Wright Express because it enables us to jump-start our entrance inside domestic prepaid market and broadens all of our payment expertise products. With more than 285,000 companies that we service immediately or through associates, we feel our very own verticals become, quite often, finest candidates for a prepaid payroll item. This combined with degree of stronger customer care across the downloaded base produces united states with the opportunity to offering a payroll item to latest and potential clientele,” stated Michael Dubyak, president and ceo of Wright Express. “rapid! PayCard has actually powerful go-to-market effectiveness inside payroll sector, also skills when you look at the business process, company specifications, crucial services and greatest procedures. And also, the business’s consider customer service and knowledge naturally complements Wright Express’ business culture.”

About Wright Present

Wright Express is a prominent carrier of value-based, business repayment control and suggestions control possibilities. The Company’s collection, business, and prepaid payment systems provide the significantly more than 350,000 people with unrivaled security and controls across a wide spectral range of business groups. Their subsidiaries add Wright present Financial providers, Pacific satisfaction and Wright Express Overseas, such as Wright present Prepaid notes Australia and Wright Express gas Cards Australia. Wright Express and its own subsidiaries utilize above 850 acquaintances in six countries. To https://maxloan.org/title-loans-pa/ find out more about Wright present, kindly visit wrightexpress.com.

About fast! PayCard

fast! PayCard got established in 2004 and has now come concentrated on workplace payroll cards applications since inception. rapid! Paycard’s goal is to assist all of our consumers accomplish a lawfully certified 100percent digital payroll that benefits the company economically, enhances the life of the employees, and creates a very renewable green unit for payroll distribution. For additional information, head to all of our websites at www.rapidpaycard.com.

This news release contains forward-looking comments, such as comments regarding: the firm’s purpose to get in the residential, prepaid card market and broaden their payment systems offerings; market a prepaid payroll goods to the visitors and prospects. Forward-looking comments are identified through terms particularly “expects,” “may,” “anticipates,” “intends,” “would,” “will,” “plans,” “believes,” “estimates,” “should,” and similar statement and expressions. These forward-looking comments put several danger and uncertainties that could cause real brings about vary materially, including: the company’s problem to successfully integrate the firms it’s got obtained; the troubles to effectively develop company to the current customer base and upcoming clientele; the company’s troubles in order to maintain or renew key contracts; troubles to expand the company’s technical capabilities and provider offerings since quickly as company’s opponents; what of regulating body, including financial and securities regulators, or possible alterations in financial and derivatives rules affecting the company’s professional mortgage financial plus the providers once the corporate father or mother; the uncertainties of lawsuit; the effects of basic economics on fueling habits and the industrial activity of fleets as well as other companies, along with other danger and uncertainties identified in product 1A of the company’s yearly Report for any season ended December 31, 2010, filed on kind 10-K using the Securities and Exchange percentage on March 28, 2010 in addition to company’s consequent regular and latest research. The business’s forward-looking comments and they issue don’t reflect the possibility future influence of every alliance, merger, acquisition, personality or inventory repurchases. The forward-looking statements speak just by the time with this news release and undue reliance shouldn’t be placed on these statements. The company disclaims any duty to modify any forward-looking statements because of brand new ideas, future happenings or perhaps.