Business & Finance
Business and Finance
Business and Finance
Thu, August 19, 2010
Wed, August 18, 2010 Bank Freedom Joins the MoneyPass Surcharge-Free ATM Network
NEWPORT BEACH, Calif.--([ BUSINESS WIRE ])--Bank Freedom, a wholly owned subsidiary of Prepaid Card Holdings, Inc. (Pink Sheets: PPDC), is now offering their prepaid cardholders surcharge-free ATM access through the MoneyPass ATM network. Bank Freedom cardholders now have access to over 19,000 nationwide surcharge-free MoneyPass ATMs.
"Adding the MoneyPass surcharge-free ATM network to our Bank Freedom prepaid card programs will save our cardholders money. Bank Freedom strives to offer the best prepaid card available and saving our cardholders money is part of Bank Freedoma™s mission"
Previously cardholders paid a surcharge-fee to the owner of the ATM machine every time they withdrew cash. Surcharge-fees can range between $1 and $3.50 per ATM transaction. Now when a Bank Freedom prepaid cardholder uses any of the 19,000 plus nationwide MoneyPass surcharge-free ATMs they will save the $1 to $3.50 surcharge-fee charged by the ATM owner.
aAdding the MoneyPass surcharge-free ATM network to our Bank Freedom prepaid card programs will save our cardholders money. Bank Freedom strives to offer the best prepaid card available and saving our cardholders money is part of Bank Freedoma™s mission,a stated Bruce Berman, CEO of Bank Freedom and Prepaid Card Holdings, Inc.
Bank Freedom prepaid cardholders can locate a MoneyPass surcharge-free ATM location by going to [ www.BankFreedom.com/moneypass.html ] and clicking on the MoneyPass logo. The ATM locator will show you a map of the area and conveniently highlight the closest ATM locations. From the ATM locator page you can request the ATM address be sent to your mobile phone by text message or view and print driving instructions.
About Bank Freedom and Prepaid Card Holdings, Inc.
Bank Freedom®, a wholly owned subsidiary of Prepaid Card Holdings, Inc. is a leading provider of financial services in the prepaid card industry. The company, under its Bank Freedom brand, offers prepaid debit cards to Americaa™s estimated 60 million underbanked citizens. The company also provides co-branding program management services and is the program manager for the AFSCME® Advantage Prepaid Debit card, a 1.6 million member union. In addition to the underbanked consumer demographic; small, medium, and large businesses have found a much needed product with the companya™s Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employeea™s expenses other than through traditional credit cards or cash reimbursements. For more information about Bank Freedom and Prepaid Card Holdings, Inc. visit [ www.BankFreedom.com ] and [ www.PrepaidCardHoldings.com ]
About MoneyPass
MoneyPass is a network of Elan Financial Services, one of the nationa™s leading providers of comprehensive ATM and debit card processing solutions for financial institutions, Independent Sales Organizations and retailers. MoneyPass provides surcharge free access at more than 19,000 ATMs across the United States, allowing cardholders of participating financial institutions to access their money where they live, work and travel. With more than 1200 participating financial institutions, more than 20 participating Independent Service Organizations (ISOs) and 40 million active cards, MoneyPass is a rapidly growing surcharge-free network whose emphasis is on cost-efficient membership options, flexible terms and accessible locations. MoneyPass cardholders can easily locate MoneyPass ATMs by visiting our ATM locator at [ www.moneypass.com ]. In addition, MoneyPass also has developed locator applications for the iPhone, Droid and other mobile devices so locating ATMs is at cardhdoldersa™ fingertips. For more information, call 1-800-343-7064 or visit [ www.moneypass.com ].
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties and the Company assumes no obligation to update any of the forward-looking statements in this release.
