posted
Great news today, PSPJ targets the Latin continents, Their Debit card is now available for the Hispanic. Employers can now pay them through transfers to their debit cards.
PSPP Holdings, Inc. Signs Letter of Intent to Acquire Poder Card, a Multi-Language Payroll Card Aug 2, 2007 9:00:00 AM LOS ANGELES, CA -- (MARKET WIRE) -- 08/02/07 -- PSPP Holdings, Inc. (OTCBB: PSPJ), a financial services company that is establishing an international banking network to facilitate electronic remittance, mobile banking, e-benefits, and stored value and pre-paid card solutions, announced today that the company has signed a letter of intent (LOI) to acquire Florida-based Poder Card. The LOI suggests an asset acquisition for stock only. The announcement was made today by PSPP Holdings' Chairman, Larry Wilcox.
The Poder Card, www.PoderCard.com, is a multi-language payroll card that will offer an English, Spanish, and Portuguese product with a new bank relationship and a new processing relationship in place. It is a reloadable pre-paid card which allows the employer to place his/her employees' wages on to the card each pay period. Employees can use their cards at numerous locations to make purchases or access cash at Automated Teller Machines or Point-of-Sale terminals. The card will broaden the diversity of the card market and will be aimed at Latin customers.
The payroll program which is in place will be added to the North American product mix and will complement the South American Continents, as PSPP Holdings expands into another continent.
Regarding the announcement, Mr. Wilcox stated, "This will immediately offer our Latin customers a solution for the U.S. and for the multi-billion-dollar remittance programs that we hope to offer. Poder also has some proprietary technology with its Patented benefit programs that will be used for future TV advertising programs that will include computers, debit cards, and benefits."
About PSPP Holdings, Inc
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Posted by: overachiever In reply to: None Date:8/6/2007 5:01:42 AM Post #of 259
about ESafe Cards, (Now eLuxe Financial)
Is a transaction-based business of electronic payments and related digital banking.
Has a transaction-based platform that provides credit and debit card processing services to merchants. The associated application delivers specialized processing services related to the creation, delivery, processing and servicing of payroll cards as well as gift cards.
Centrally managed debit or credit related transactions for the participating consumer, affinity group, business, or government entity
ESafe has its own proprietary processing software code.
I found this on HSM pretty interesting!
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