nFinanSe Launches $3 Visa® and $3 Discover® Reloadable Prepaid Debit Cards at Kwik Trip
08 Diciembre 2010 - 7:00AM
Business Wire
nFinanSe (OTCBB:NFSE) (www.nFinanSe.com) today announced the
launch of its $3 Visa® and $3 Discover® Reloadable Prepaid Debit
Cards at Kwik Trip Convenience Stores throughout the Midwest.
“As the soft economy continues, millions of hard-working
Americans are rapidly embracing Reloadable Prepaid Cards as their
new and affordable Financial Payment tool,” said Jerry R. Welch,
Chairman and Chief Executive Officer of nFinanSe.
According to Mr. Welch, “Until the last 18 months, the consumer
fees associated with Reloadable Prepaid Cards were too high to
encourage significant trial and usage among the 100 million
unbanked, underbanked and credit challenged Americans in need of an
alternative Financial Payment tool. With the new, consumer-friendly
pricing model being implemented in the retail marketplace by
nFinanSe, customer-centric retailers, like Kwik Trip, will now be
able to encourage their customers to sample and experience the
terrific benefits of Reloadable Prepaid Cards.”
This past September, the Consumers Union, the non-profit
publisher of Consumer Reports, 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 and Walmart were
noted for both having a $3 price for cards, the lowest available.
The report also singled out nFinanSe for the lowest monthly
maintenance fee of $2.95 and lowest ATM withdrawal fee of
$0.99.
The very first Kwik Trip store opened its doors in 1965. Today,
they have thousands of co-workers serving customers in over 400
Kwik Trip, Kwik Star, Hearty Platter® and Tobacco Outlet Plus
stores throughout Wisconsin, Minnesota and Iowa. In addition to its
corporate Support Center, which handles the administrative needs of
their stores and co-workers, Kwik Trip Inc. has its own Bakery,
Commissary, Dairy, Distribution Warehouse and Transportation
divisions.
The nFinanSe 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. nFinanSe also offers
FREE direct deposit of payroll, FREE 24/7/365 live
agent customer service in English and Spanish and FREE cell
phone text message alerts with purchase and balance information*
after each transaction.
* nFinanSe does not charge additional fees for text message
alerts regarding purchase and balance information. However, please
be aware of any charges that may apply from your cell phone
provider.
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 Kwik Trip
Today, Kwik Trip has over 400 Kwik Trip, Kwik Star, Hearty
Platter® and Tobacco Outlet Plus stores throughout Wisconsin,
Minnesota and Iowa. In addition to its corporate Support Center,
which handles the administrative needs of their stores and
co-workers, Kwik Trip Inc. has its own Bakery, Commissary, Dairy,
Distribution Warehouse and Transportation divisions.
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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