Thursday, May 29, 2008

Payment Data to Market Prepaid Cards

According to this article on BizJournal, Payment Data Systems Inc. has launched a subsection which will be selling prepaid card products to financial institutions and corporations. The subsidiary that will solely focus on this, FiCentive Inc., will be developing its website and brand over the next couple of weeks.

Louis Hoch, which will be heading FiCentive Inc. mentions:

"With recent merger and acquisition activities in the prepaid card issuing industry, we believe the timing is perfect to position our card-issuing business to capitalize on higher valuation the industry is demanding,"

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