Thursday, May 21, 2009

FNDS Sold Atlantic Merchant Service

FDNS 3000 has sold Atlas Merchant Services due to the settlement with the former owner of Atlas LLC.

John Hancock, Chief Executive Officer, stated:
"Management's strategic review concluded that the Atlas subsidiary was unlikely to provide significant financial contributions or synergies, and that both companies would fare better under separate ownership."

They will turn their focus to the prepaid card industry. Read the full article here.

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