nFinanSe Launches $3 Reloadable Prepaid Debit Cards at Stripes Convenience Stores Throughout Southwest
06 Octubre 2010 - 7:00AM
Business Wire
nFinanSe Inc. (OTCBB: NFSE) (www.nFinanSe.com) today announced
the launch of its $3 Visa® and Discover® Reloadable Prepaid Debit
Cards at Stripes LLC convenience store locations throughout the
Southwestern United States.
“We believe that our industry low, customer-friendly pricing
combined with the excellent everyday store traffic at Stripes
locations will encourage initial trial, usage and early adoption of
Reloadable Prepaid Debit Cards among Stripes customers,” said Jerry
R. Welch, Chairman and Chief Executive Officer of nFinanSe.
Consumers Union, the non-profit publisher of Consumer Reports,
recently singled out the nFinanSe card for its low fees in its 2010
report on the industry. Of the 19 prepaid card issuers mentioned in
the study, nFinanSe was noted for the lowest cards sales price of
$3 along with Walmart® and singled out for the lowest monthly
maintenance fee of $2.95 and lowest ATM withdrawal fee of
$0.99.
Mr. Welch continued, “Stripes will now be able to offer their
customers a feature rich Visa or Discover Reloadable Prepaid Card
with fees actually lower than Walmart®. This, plus the convenience
of their store locations and the uniqueness of their merchandise
mix should help make Stripes a destination for the sale and
reloading of Prepaid Debit Cards.”
Stripes is part of Texas-based, Susser Holdings, a
third-generation, family-led business operating more than 520
convenience stores in New Mexico, Oklahoma and Texas.
The nFinanSe’s Reloadable Prepaid Visa® and Discover® Cards
feature what the Company believes to be the best overall pricing in
the marketplace at this time. The cards sell for just $3 at retail
stores; have a low $2.95 monthly maintenance fee for an unlimited
number of purchase transactions; and allow cardholders to load
additional funds or “top up” for only $2.95. The Company also
offers FREE direct deposit of payroll, FREE 24/7/365
live agent customer service in English and Spanish located in the
United States and FREE cell phone text message alerts with
purchase and balance information after each transaction.
The Visa® Reloadable Prepaid Debit Card is issued by Palm Desert
national Bank pursuant to a license from Visa U.S.A., Inc. nFinanSe
is a registered ISO of Palm Desert National Bank. The nFinanSe
Discover® Reloadable Prepaid Card is issued by Palm Desert National
Bank, Palm Desert, CA, Member FDIC or by First Bank & Trust,
N.A., Pipestone, MN. Member FDIC, pursuant to a license from
Discover® Network. Discover® and the Discover acceptance mark are
service marks used by Palm Desert National Bank and First Bank
& Trust, N.A., Pipestone, MN under license from Discover
Financial Services. All cards funds are insured by the FDIC in
accordance with the FDIC's applicable terms and conditions.
“Safe Harbor” Statement under Private Securities Litigation
Reform Act of 1995
This press release contains certain forward-looking statements
based on nFinanSe Inc.’s, or, the Company’s current expectations,
forecasts and assumptions that involve risks and uncertainties.
Forward-looking statements include statements regarding the
Company’s expectations, beliefs, intentions or strategies regarding
the future and can be identified by forward-looking words such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “should,” “will,” and “would” or similar words and include
statements regarding the anticipated benefits of the Company’s
products and the anticipated roll out of the Company’s products.
Forward-looking statements in this release are based on information
available to the Company as of the date hereof. The Company’s
actual results may differ materially from those stated or implied
in such forward-looking statements due to risks and uncertainties
associated with the Company’s business, which include the Company’s
ability to execute its business strategy and the other risk factors
disclosed in the Annual Report on Form 10-K for the year ended
January 2, 2010 on file with the Securities and Exchange
Commission. The Company assumes no obligation to update the
information included in this press release, whether as a result of
new information, future events or otherwise.
About Stripes
Corpus Christi, Texas-based Susser Holdings Corporation is a
third-generation family led business that operates more than 525
convenience stores in Texas, New Mexico and Oklahoma primarily
under the Stripes and Town & Country banners. Restaurant
service is available in more than 300 of its stores, primarily
under the proprietary Laredo Taco Company and Country Cookin'
brands. The Company also supplies branded motor fuel to
approximately 390 independent dealers through its wholesale fuel
division. For further information about Stripes, please visit
http://www.stripescorp.com.
About nFinanSe Inc.
nFinanSe Inc. (OTC Bulletin Board: NFSE) is an
innovative financial services company and provider of stored value
and prepaid card solutions headquartered in Tampa, Florida.
nFinanSe has developed the nFinanSe Network™, a secure, reliable
value load and activation platform that connects with retail
merchants and other value load stations located throughout the
United States. For more information, visit www.nfinanse.com.
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