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

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

SOUTHERN PORTLAND, Maine–( COMPANY WIRE )–Wright present company (NYSE: WXS), a prominent global service provider of cost control and details control service, today established this keeps acquired the assets of quick! PayCard, a privately held carrier of payroll debit cards, e-paystubs and e-W2s in an all earnings price that also includes extra factors for overall performance goals. rapid! PayCard www.maxloan.org/title-loans-nm/ try an emerging service provider of prepaid merchandise centering on small and medium sized people.

“While rapid! PayCard is a distinct segment player, this purchase symbolizes a significant action for Wright Express as it makes it possible for us to jump start our very own entrance inside home-based prepaid marketplace and broadens our payment solutions choices. With more than 285,000 businesses that we services straight or through lovers, we think our verticals were, oftentimes, perfect prospects for a prepaid payroll items. This combined with the amount of strong customer satisfaction across the downloaded base supplies you with a way to offering a payroll product to existing and future consumers,” said Michael Dubyak, president and chief executive officer of Wright Express. “rapid! PayCard features stronger go-to-market possibilities into the payroll sector, and knowledge within the profit techniques, workplace requisite, essential services and best procedures. In addition to that, the firm’s give attention to customer support and training obviously satisfies Wright Express’ business culture.”

About Wright Express

Wright Express was a number one company of value-based, company payment processing and suggestions control solutions. The Company’s fleet, corporate, and prepaid installment options create the more than 350,000 clientele with unrivaled protection and control across an extensive spectrum of company industries. The Company’s subsidiaries add Wright present economic providers, Pacific pleasure and Wright Express International, such as Wright Express Prepaid notes Australia and Wright Express energy notes Australia. Wright Express and its particular subsidiaries utilize above 850 colleagues in six region. For additional information about Wright present, please go to wrightexpress.com.

About rapid! PayCard

rapid! PayCard got established in 2004 and has come focused on employer payroll credit programs since creation. rapid! Paycard’s goal will be assist our very own people achieve a legitimately compliant 100percent electric payroll that benefits the firm economically, enhances the physical lives of these workers, and helps to create a more sustainable environmental model for payroll shipment. To learn more, check out all of our websites at www.rapidpaycard.com.

This pr release has forward-looking comments, including comments concerning: the organization’s purpose to get in the residential, prepaid card industry and broaden the repayment possibilities offerings; marketplace a prepaid payroll product to their visitors and prospective customers. Forward-looking statements is identified by using keywords instance «expects,» «may,» «anticipates,» «intends,» «would,» «will,» «plans,» «believes,» «estimates,» «need,» and close statement and expressions. These forward-looking comments add a number of danger and concerns that may result in actual results to differ materially, including: the business’s problems to successfully integrate the firms it offers acquired; the problem to successfully develop businesses to its current customers and future visitors; the company’s problem to maintain or renew important contracts; breakdown to enhance the business’s technological capability and service offerings since rapidly once the business’s opponents; what of regulatory body, including bank and securities regulators, or possible changes in banking and types rules impacting the company’s industrial loan lender additionally the business because corporate parent; the concerns of lawsuit; the results of general business economics on fueling models as well as the commercial task of fleets as well as other enterprises, along with other threats and uncertainties recognized in object 1A of this organizations yearly document when it comes down to 12 months ended December 31, 2010, recorded on type 10-K aided by the Securities and Exchange payment on February 28, 2010 plus the business’s following routine and existing reports. The company’s forward-looking comments and these aspects you should never mirror the possibility future effects of every alliance, merger, exchange, temperament or stock repurchases. The forward-looking comments communicate best at the time of the day for this pr release and undue reliance shouldn’t be put on these comments. The business disclaims any obligation to modify any forward-looking comments through new suggestions, potential activities or otherwise.

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