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Wright Express Acquires fast! PayCard, A Residential Prepaid Payroll Cards Carrier

Wright Express Acquires fast! PayCard, A Residential Prepaid Payroll Cards Carrier

SOUTHERN PORTLAND, Maine–( BUSINESSES CABLE )–Wright Express organization (NYSE: WXS), the leading global supplier of installment running and info management providers, nowadays announced so it keeps acquired the property of fast! PayCard, a privately presented service provider of payroll debit notes, e-paystubs and e-W2s in an all cash price which includes additional considerations for results milestones. rapid! PayCard is actually an emerging service provider of prepaid services and products emphasizing small and medium-sized organizations.

“While fast! PayCard happens to be a distinct segment pro, this exchange signifies an essential step for Wright present whilst enables you to jump start our entry into the home-based prepaid markets and broadens all of our cost expertise offerings. Along with 285,000 companies that we provider directly or through partners, we think TX title loans all of our verticals become, most of the time, best candidates for a prepaid payroll item. This with the standard of stronger customer satisfaction across our very own downloaded base provides united states with the opportunity to offering a payroll product to recent and future customers,” mentioned Michael Dubyak, president and chief executive officer of Wright present. “rapid! PayCard possess strong go-to-market possibilities inside the payroll industry, including skills in product sales process, manager requisite, important characteristics and greatest techniques. Furthermore, the business’s give attention to customer support and training naturally complements Wright Express’ business society.”

About Wright Present

Wright present is actually a prominent carrier of value-based, companies cost control and suggestions control expertise. The business’s fleet, corporate, and prepaid cost options supply its a lot more than 350,000 subscribers with unmatched protection and control across a wide spectral range of businesses industries. Their subsidiaries put Wright Express Investment service, Pacific pleasure and Wright present International, like Wright Express Prepaid Cards Australia and Wright present energy notes Australian Continent. Wright present and its particular subsidiaries utilize a lot more than 850 associates in six countries. For additional information about Wright present, please visit wrightexpress.com.

About rapid! PayCard

fast! PayCard got created in 2004 and also been focused on boss payroll cards applications since beginning. fast! Paycard’s mission is always to let the clients accomplish a legitimately agreeable 100per cent digital payroll that benefits the business financially, improves the resides regarding employees, and creates a more renewable environmental design for payroll shipment. To learn more, visit the website at www.rapidpaycard.com.

This press release has forward-looking statements, like statements regarding: the company’s intention to go into the residential, prepaid credit card market and broaden their payment solutions offerings; industry a prepaid payroll product to its clientele and potential customers. Forward-looking statements could be identified by way of terms particularly “expects,” “may,” “anticipates,” “intends,” “would,” “will,” “plans,” “believes,” “estimates,” “need,” and comparable words and expressions. These forward-looking comments put a number of dangers and concerns might cause actual results to vary materially, including: the business’s problems to successfully incorporate the firms it’s acquired; the troubles to successfully broaden companies to its existing customers and potential future subscribers; the business’s problem to steadfastly keep up or restore key agreements; problems to enhance the company’s technological abilities and provider offerings as quickly once the businesses opponents; the actions of regulatory body, including financial and securities regulators, or feasible changes in banking and derivatives laws affecting their professional financing lender in addition to organization since the corporate parent; the concerns of litigation; the effects of common business economics on fueling habits and the commercial activity of fleets and other companies, and also other threats and concerns identified in product 1A for the business’s Annual document for your season ended December 31, 2010, submitted on type 10-K utilizing the Securities and change percentage on March 28, 2010 plus the organizations subsequent routine and current states. The company’s forward-looking statements and these issues do not mirror the potential future influence of any alliance, merger, acquisition, disposition or inventory repurchases. The forward-looking statements talk only at the time of the big date of the pr release and unnecessary reliance should not be put on these comments. The company disclaims any obligation to upgrade any forward-looking comments as a consequence of brand-new info, future occasions or perhaps.