SOUTH PORTLAND, Maine–( COMPANY CABLE )–Wright Express company (NYSE: WXS), a respected worldwide supplier of repayment processing and facts administration solutions, today launched this keeps obtained the assets of rapid! PayCard, a privately used company of payroll debit notes, e-paystubs and e-W2s in an all earnings price that includes additional considerations for results goals. rapid! PayCard is an emerging supplier of prepaid goods focusing on smaller than average medium sized businesses.
“While rapid! PayCard happens to be a distinct segment member, this exchange signifies an essential action for Wright present because it allows us to jump start the entrance inside residential prepaid industry and broadens all of our cost options offerings. With more than 285,000 businesses that we provider straight or through couples, we feel our verticals were, usually, perfect applicants for a prepaid payroll items. This combined with degree of strong client satisfaction across all of our downloaded base provides us with a way to promote a payroll items to present and future clientele,” said Michael Dubyak, president and chief executive officer of Wright Express. “rapid! PayCard have stronger go-to-market possibilities in the payroll sector, together with expertise for the selling techniques, company requirements, important features and best procedures. On top of that, the organization’s target customer support and knowledge normally complements Wright Express’ business lifestyle.”
About Wright Express
Wright Express was a number one supplier of value-based, businesses repayment control and suggestions control solutions. The business’s fleet, business, and prepaid cost solutions offer their above 350,000 people with unrivaled protection and control across a wide spectrum of businesses sectors. Their subsidiaries feature Wright Express monetary providers, Pacific satisfaction and Wright present International, like Wright present Prepaid notes Australia and Wright present Fuel notes Australia. Wright present and its particular subsidiaries employ more than 850 acquaintances in six countries. For additional information about Wright present, please go to wrightexpress.com.
About fast! PayCard
rapid! PayCard is established in 2004 and it has started focused on manager payroll cards training since creation. fast! Paycard’s mission will be help our very own consumers accomplish a lawfully compliant 100% electric payroll that benefits the company economically, boosts the schedules of these workforce, and creates a more renewable green unit for payroll shipment. For additional information, see our very own site at www.rapidpaycard.com.
This news release have forward-looking comments, including statements regarding: the company’s intent to get in the residential, prepaid credit title loans in Arizona card marketplace and broaden the installment systems choices; markets a prepaid payroll items to its users and prospects. Forward-looking statements could be recognized by way of statement such as “expects,” “may,” “anticipates,” “intends,” “would,” “will,” “plans,” “believes,” “estimates,” “need,” and comparable keywords and expressions. These forward-looking comments put some danger and uncertainties that may result genuine results to vary materially, including: the firm’s problems to successfully integrate the firms this has acquired; the troubles to effectively develop company to their current customer base and potential future users; their problem to steadfastly keep up or restore essential contracts; problems to enhance the company’s scientific features and solution products because rapidly once the business’s competition; what of regulatory bodies, such as financial and securities regulators, or possible alterations in banking and types guidelines affecting the company’s manufacturing mortgage lender and the company as the corporate mother; the uncertainties of litigation; the effects of general business economics on fueling patterns as well as the commercial task of fleets along with other people, along with other risks and concerns identified in items 1A of business’s yearly document for your season ended December 31, 2010, filed on Form 10-K using the Securities and trade Commission on February 28, 2010 additionally the business’s subsequent routine and latest states. Their forward-looking statements and they issues you should never reflect the potential future effect of any alliance, merger, acquisition, disposition or stock repurchases. The forward-looking statements speak just at the time of the time of the pr release and excessive dependence really should not be added to these statements. The firm disclaims any duty to update any forward-looking comments as a consequence of latest records, future activities or elsewhere.
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