Payment Data Systems, Inc. Signs Exclusive Agreement
to Provide MasterCard(R) Prepaid Cards to Encompass
SAN ANTONIO--(BUSINESS WIRE)--FiCentive, Inc. (OTCBB:PYDS -
News) a turn-key prepaid card solutions provider, announced
today that it has signed a multi-year agreement with
Encompass Communications, Inc. to deliver instant issue
Encompass Prepaid MasterCard® cards to more than 1,000
The card program will provide consumers with a reloadable
MasterCard card that is issued instantly and is able to be
used by the cardholder as soon as they leave the store. The
card program will allow for the cardholder to use the card
to facilitate direct deposit and bill payment.
It is anticipated the cards will be available for
distribution in 1,000 retail stores by the end of the fourth
quarter of this year.
Encompass Communications is also a leader in the retail
distribution of prepaid calling cards, brand recognized
wireless top-up PINs and gift cards by placing card kiosks
in these retail outlets. The cards that are represented by
the kiosks include Radio Shack, Sears, iTunes, Blockbuster,
Home Depot, and many more well known brands.
Larry Luna, CEO of Encompass Communications said, “We are
very impressed with the capabilities for FiCentive to
deliver the custom card program our customers are demanding.
We selected FiCentive because of their number of successful
card implementations and their menu of services.”
Louis Hoch, FiCentive’s President and CEO said, “We are very
pleased to be able to partner with such an innovator in the
prepaid and gift card retail market place. We are excited
about the distribution network that Encompass has created
and believe their card program will be well received in the
About FiCentive, Inc.
FiCentive, Inc. is a turn-key prepaid card solutions
provider that quickly and securely delivers customized
prepaid card programs for corporations, financial
institutions, affinity groups or any organization that needs
to deliver a financial incentive to their customers,
vendors, or employees. With the global prepaid market to be
more than 6.5 trillion dollars, FiCentive is well positioned
to capture its share.
For more information about FiCentive, please visit
www.ficentive.com or email email@example.com.
FiCentive is a wholly owned subsidiary of Payment Data
For additional information, visit www.paymentdata.com.
Contact Michael Long for Investor Relations information at
210-249-4040 or email at firstname.lastname@example.org.
About Encompass Communications
Encompass Communications is a well-established supplier of
prepaid long distance and a multitude of other prepaid
services. Encompass supplies their long distance service
primarily with the distribution of phone card, conferencing
products, and Verifon terminal programs. But Encompass
offers much more than that. Encompass helps develop and
build opportunities for those who want to be in the prepaid
business. This unique ability allows Encompass to stand out
in the prepaid industry, as they offer what most prepaid
providers are not capable of.
For additional information, visit
FORWARD-LOOKING STATEMENTS DISCLAIMER
This document contains forward-looking statements that
involve risks and uncertainties. You should not place undue
reliance on these forward-looking statements. Our actual
results could differ materially from those anticipated in
the forward-looking statements for many reasons, including
the risks described in our annual report on Form 10-K and
other reports we file with the Securities and Exchange
Commission. Although we believe the expectations reflected
in the forward-looking statements are reasonable, they
relate only to events as of the date on which the statements
are made. We do not intend to update any of the
forward-looking statements after the date of this report to
conform these statements to actual results or to changes in
our expectations, except as required by law.
This card is issued by MetaBank pursuant to license by
MasterCard International Incorporated.
MasterCard is a registered trademark of MasterCard
Payment Data Systems, Inc., San Antonio
Michael Long, 210-249-4040