Advance Services, Inc. Selects nFinanSe Pay Card Program For Its Associates
TAMPA, Fla.--(BUSINESS WIRE)--nFinanSe Inc. (OTCBB:NFSE), today announced that Advance Services, Inc., a staffing company headquartered in Norfolk, Nebraska with over 25 offices throughout the Midwest, has signed an agreement with nFinanSe to provide pay cards to Advance Services’ associates nationwide. Associates will now have the option of having their payroll electronically deposited on to an nFinanSe Pay Card.
With the nFinanSe Discover® Network Pay Card, Advance Services will reduce administrative costs currently incurred by issuing and distributing paper paychecks throughout their regional offices. By doing so, employee productivity increases as the physical distribution and cashing of paychecks is no longer necessary. According to industry studies, it costs between $1 - $2 to process, print and deliver a paycheck and about $9 to replace a paycheck.
Jerry Uffner, Senior Vice President of Sales for nFinanSe, said, “Advance Services’ associates will enjoy significant cost savings versus the fees they are currently paying to cash their paper pay checks. Plus, associates will enjoy the added convenience, flexibility and security of a card-based program. Participating Advance Services’ associates will receive an “instantly issued” nFinanSe Discover® Network Pay Card which can be used to make purchases at millions of merchant locations nationwide, to access cash at ATMs nationwide displaying the Discover® Network, PULSE® or STAR® Network logo and the ability to shop or pay bills online.”
Advance Services associates will have access to an exclusive suite of features and benefits which are not typically offered by traditional pay card programs. Specifically, after making a purchase or transaction with their nFinanSe Pay Card, associates will receive a message to their cell phone and/or e-mail address alerting them of both the amount of the transaction and the remaining balance on their pay card. Additionally, associates can go to any nFinanSe Network™ location nationwide, including MoneyGram® and Western Union® locations, and load the funds from a second paycheck from another job or cash from other activities to their Pay Card.
“Finally, another key feature is our Customer Service,” closed Mr. Uffner. “Unlike many other financial institutions or card issuing programs, nFinanSe cardholders enjoy ‘Free… of course!’ Customer Service. We have an obligation to our cardholders to answer their questions as quickly as possible, in a friendly and courteous way. With ‘Free…of course!’ Customer Service, cardholders can access their account information 24 hours a day, 7 days a week, at no charge, in English or Spanish. Our Cardholder Specialists have been trained to provide assistance in real-time and, more importantly, to provide peace of mind regarding our cardholder’s money.”
About nFinanSe Inc.
nFinanSe Inc. is an innovative financial services company and provider of stored value and prepaid card solutions headquartered in Tampa, Florida. nFinanSe has developed the nFinanSe Network, a secure, reliable, point of sale (POS) and PC based software platform that connects retail merchants with multiple stored value prepaid card processors and issuing banks. nFinanSe owns and operates the nFinanSe Network as a standardized, national network of stored value and prepaid card cash load stations located throughout the United States.
About Advance Services, Inc.
Founded in 1994 by Paul Sandall in Norfolk, Nebraska, Advance Services, Inc. has grown to over 25 offices throughout the Midwest with locations in Illinois, Iowa, Kansas, Minnesota and Nebraska. Advance Services, Inc. has developed a large customer base through its honest, friendly and service oriented, hard working relationships. Its employees cover the full spectrum, from entry level workers to experienced managers, accounting or assembly workers to high level administrative assistants. For more information visit www.advanceservices.com.
“Safe Harbor” Statement under Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking statements based on nFinanSe Inc.’s or the Company’s current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or similar words and include statements regarding the planned and/or anticipated benefits to users of the Company’s products and the timing of distribution of such products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company’s actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company’s business, which include the Company’s ability to execute its business strategy and the other risk factors disclosed in the Annual Report on Form 10-K for the year ended December 29, 2007 on file with the Securities and Exchange Commission. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
