Wright Express Acquires rapid! PayCard, A Residential Prepaid Payroll Credit Supplier

Wright Express Acquires rapid! PayCard, A Residential Prepaid Payroll Credit Supplier

SOUTHERN AREA PORTLAND, Maine–( COMPANIES CABLE )–Wright Express business (NYSE: WXS), the leading global carrier of cost operating and info management services, today established that it keeps obtained the possessions of rapid! PayCard, a privately held service provider of payroll debit cards, e-paystubs and e-W2s in an all profit bargain that also includes extra factors for performance milestones. fast! PayCard try an emerging service provider of prepaid merchandise focusing on small and medium sized businesses.

“While quick! PayCard is currently a niche pro, this deal signifies a significant action for Wright present because enables all of us to jump-start the entrance inside domestic prepaid marketplace and broadens all of our payment assistance choices. With over 285,000 businesses that we solution directly or through associates, we feel our verticals were, usually, primary prospects for a prepaid payroll items. This combined with the standard of stronger customer happiness across the downloaded base produces all of us with a chance to promote a payroll goods to present and potential customers,” stated Michael Dubyak, president and ceo of Wright present. “rapid! PayCard possess strong go-to-market capabilities during the payroll industry, as well as knowledge inside income processes, company needs, crucial qualities and greatest ways. In addition, the company’s focus on customer support and knowledge normally complements Wright Express’ corporate tradition.”

About Wright Present

Wright Express is the leading carrier of value-based, company repayment processing and records administration expertise. Their collection, business, and prepaid payment solutions offer its more than 350,000 consumers with unparalleled protection and controls across a wide spectral range of company areas. The Company’s subsidiaries put Wright present Financial solutions, Pacific satisfaction and Wright present Overseas, including Wright Express Prepaid notes Australian Continent and Wright Express gas notes Australian Continent. Wright Express and its own subsidiaries employ over 850 associates in six countries. For additional information about Wright Express, please visit wrightexpress.com.

About rapid! PayCard

quick! PayCard ended up being created in 2004 and has now come dedicated to workplace payroll credit software since inception. quick! Paycard’s objective is to assist the customers build a legitimately compliant 100% electronic payroll that benefits the firm financially, boosts the schedules of their workers, and helps to create an even more renewable environmental product for payroll delivery. To learn more, go to the websites at www.rapidpaycard.com.

This pr release contains forward-looking statements, such as statements concerning: the organization’s intention to go into the residential, prepaid credit card market and increase their payment solutions offerings; market a prepaid payroll product to the clientele and prospective customers. Forward-looking comments can be determined by the use of keywords such as “expects,” “may,” “anticipates,” “intends,” “would,” “will,” “plans,” “believes,” “estimates,” “should,” and similar keywords and expressions. These forward-looking statements integrate several risks and concerns that could create genuine results to vary materially, like: the organization’s breakdown to effectively incorporate the businesses it’s obtained; the breakdown to successfully expand company to the current customers and upcoming customers; their failure to steadfastly keep up or restore crucial contracts; failure to enhance the company’s scientific abilities and services offerings because quickly given that organizations opposition; those things of regulatory figures, like financial and securities regulators, or possible changes in banking and derivatives legislation affecting the company’s commercial mortgage bank together with company as corporate mother or father; the uncertainties of court; the effects of basic business economics on fueling activities and also the industrial activity of fleets alongside enterprises, along with other issues and uncertainties determined in items 1A from the organizations Annual Report for all the 12 months concluded December 31, 2010, registered on Form 10-K with all the Securities and Exchange percentage on February 28, 2010 and also the businesses following periodic and present research. The business’s forward-looking statements that elements cannot reflect the potential future results of any alliance, merger, exchange, personality or stock repurchases. The forward-looking comments communicate merely by the date with this news release and unnecessary dependence shouldn’t be put on these comments. The organization disclaims any duty to modify any forward-looking statements through brand new suggestions, future activities or perhaps.

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