Tag Archive | "wachovia layoffs"

netspend

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NetSpend Corporation, a leading provider of prepaid cards for the flow United States, in cash and the ACE Express, Inc., the largest owner, operator and franchisor of transactions used to control the United States, today announced the extension of their agreement ACE for NetSpend distribution of prepaid debit cards for an additional period of seven years. According to the agreement, Irving, Texas, founded by ACE Cash Express is still an exclusive distributor of rechargeable cards for general and Gifts, developed, marketed and processed NetSpend as an agent Meta Bank, the issuer of cards.

The new contract is based on a period of six years between the two companies. Since the beginning of 2002, the ACE Cash Express sold more than 1.6 million NetSpend charge at the debit cards.

ACE Cash Express has established itself as a valuable asset for us over the years, “said Daniel R. Henry, head of the Directorate NetSpend.” They have played a key role to help us to expand our range of services innovation and new products. We are pleased our long partnership with the ACE and the best quality of financial services and the choice of underbanked community. ”

“The alliance between ACE Cash Express NetSpend and combines the strengths of our two companies,” said Jay Shipowitz, CEO of ACE Cash Express. “With the participation of more than seven years as a leading provider NetSpend prepaid, ACE, the distribution of such high quality of financial each other through our network of memory to respond to the changing needs of financial services to our customers.”

About NetSpend Corporation

NetSpend Corporation is a leading provider of innovative technologies, accessible, the prepaid debit cards, which enable the financial freedom of consumer banking. The mass by a financial task of self-help, NetSpend is committed to answer their customers financial services to their needs and offers the convenience, security and acceptance of conventional financial services. NetSpend with his own platform enables the promotion of programmes for pre-paid cards-end acquisition and implementation of customer card customer service and risk management. The NetSpend (R) Network prepaid card includes the first consumer brands and companies a service of the banking and markets at the bank, and its strategic relationships include card issuers, networks and associations of EFT payment cards. For more information, visit http://www.netspend.com.

About Ace Cash Express, Inc.

ACE Cash Express, Inc. is a major provider of financial services, including short-term loans in consumer prices, collection control, and the payment of bills paid and the bank card, and the largest operator of the shop and collection of control to the United States and the second-largest owner and operator of short-term transactions, which the United States consumption. From 1 May 2008, ACE had a network of 1,792 stores in 38 states and the District of Columbia, consisting of 1,694 shops belonging to the company and 98 franchise stores. ACE focuses on the provision of services to consumers, many of which are used to search for alternative solutions traditional relations between banks for the purchase of practice and direct access to financial services. For more information, visit http://www.acecashexpress.com.

About Meta Bank

Meta Charter Bank is a federal savings bank headquartered in Storm Lake, Iowa. Meta Financial Group, Inc. (R) is the holding company for banks Meta Bank, Meta Bank Centre-Ouest, Meta Payment Systems (R) and Meta Trust Company (R). The meta-systems department for the payment of Meta Bank headquarters in Sioux Falls, South Dakota, as the banks, processors and others of commercialisation by the prepaid cards, credit cards, ACH departure, the acquisition of trade, ATM Sponsoring, and the transfer of money. Meta Financial Group is listed on NASDAQ: CASH.

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wachovia earnings

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London (Thomson Financial) - The U.S. dollar fell against the major currencies, falling by new income than expected results Wachovia Corp. outside the United States

The trade is still very low, but in one day rest in terms of economic data that the quiet summer is in full swing, with the investors who try to justice and the markets for direction.

‘US its results for Wachovia (NYSE: WB - news - people) are considered less well than expected, which supports the euro and the dollar, “said Matthew Foster-Smith at Thomson IFR Markets.

A 11:20 GMT the euro was trading at $ 1.5938, after it fell to around U.S. $ 1.5907 at around 9:25 am GMT. At 8:19 GMT, the euro cheaper in the vicinity of $ 1.5935.

The dollar could not back losses on Monday evening as a recovery in oil prices and disappointing, American Express (NYSE: AXP - now - people) have an impact on the profits of stock exchanges.

Mic Mills, a shopping street TradIndex, said of the big remaining one U.S. dollars lower, with the markets to react tend to the bad news is not good.

“At the moment there is the good news seems to be buried and the bad news,” he said.

During this time was also the pound against the U.S. dollar closed trading at $ 2.0037 against $ 2.0071 around 8:19 GMT, while the euro was at 0.7938 pounds, a decline of 8.19 to 0.7950 GMT.

In his speech in testimony before the members of the Committee early in the Treasury, the Bank of England, Mervyn King, governor has no comment on monetary policy. The markets are now on Wednesday the release of the minutes of the monetary policy meeting two weeks ago, when interest rates were left up to 5.00 percent.

Most wait until the dove David Blanchflower remains the only member of the sanitary installation, to reduce tax rates and focuses attention on where the majority is stronger higher rate to combat rising inflation, or the lower premium because of the Fears that the economy could be a recession.

Later in the week will be the transition to the euro zone, with the key German Ifo and the euro zone PMI surveys to be done.

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