CardEx and Pemco Sign Agreements with Eight Credit Unions to Offer Prepaid Debit Cards.IRVINE, Calif. & SEATTLE -- Card Express, Inc. (CardEx), a global leader in prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. processing and services, and Pemco Technologies, a leading provider of innovative payment solutions, announced today that eight of Pemco's credit union customers have signed agreements to offer CardEx's instant issue gift cards to their members. These credit unions will offer their members customized, prepaid debit cards that are usable wherever Visa debit   The old Visa and Delta logos. cards are accepted. Together these credit unions serve over 348,000 members at more than 86 branch locations. "CardEx instant issue gift cards will be a natural complement to the broad range of products and services our credit union partners offer to their members," said Dan Cook, Chief Executive Officer of Pemco Technologies. "The number of credit unions that have signed agreements so quickly is a confirmation of the growing popularity of gift cards and of our strategy," Cook added. "We are excited to expand our partnership with Pemco and welcome these eight credit unions into our fast growing reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. network," said Alan Safahi, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Card Express. "The rapid and favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. response to our joint offering affirms the value proposition our Agent Bank Reseller program offers," Safahi added. About Card Express, Inc. Established in 1995, Card Express, Inc. (CardEx) is a leading processor of prepaid debit card products and services utilizing the Visa[R] and MasterCard[R] networks. The company's state-of-the-art prepaid debit card platform is adaptable and scalable to support a myriad of products in a high volume capacity. CardEx currently supports numerous prepaid debit card applications including Gift Cards, Incentive Cards, Payroll Cards, Visa TravelMoney Cards, Cash Cards, Prepaid Expense Prepaid Expense An asset that arises on a balance sheet because of the payment of something in advance (prepayment). Services for the payment will be received in the near future. Cards, and Virtual Accounts, among others. CardEx provides products to corporate clients, government and consumers worldwide via financial institutions, resellers and ISOs. For more information, visit www.CardEx.com. About Pemco Pemco Technologies provides innovative payment solutions to the financial industry including credit signature processing, debit signature processing, PIN-based processing, ATM acquiring and switching, cardholder card·hold·er n. One who holds a card, especially a credit card. card hold award programs, fraud management/detection/prevention, and gift card programs. Award-winning reliability and renowned customer service have made Pemco one of the nation's top payment solutions companies. For more information, call 800-881-7488 x 3410, email sales@pemcotech.com or visit www.pemcotech.com. |
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