RADNOR, Pa.--(BUSINESS WIRE)--The J.G. Wentworth Company® (“J.G. Wentworth” or the “Company”) (OTCQX: JGWE) today announced the launch of the WinStreak Visa® Prepaid Card initiative, in association with a new payment platform from FIS™ (NYSE: FIS), a global leader in financial services technology. WinStreak allows casinos, iGaming, and fantasy sports operators to issue payouts on a prepaid card, while providing gaming operators with a more streamlined, dynamic tool for engaging consumers.
A first-of-its-kind product, the card is designed to provide consumers with secure access to winnings and to extend the value and excitement of the gaming experience through an integrated mobile gaming application. Payments issued through the program will be processed by FIS, a leader in prepaid solutions for consumers, businesses and government debit payments. The associated prepaid card will provide users convenient, flexible and secure access to funds.
“The WinStreak program and its card is a win-win for gaming operators and consumers,” said Stewart A. Stockdale, J.G. Wentworth’s CEO. “While the platform brings enhanced security to operators’ payout systems, which have traditionally issued funds solely through cash, it also empowers consumers to better manage their winnings and accrue rewards in a fun, user-friendly way.”
The WinStreak card represents the latest in a series of initiatives by J.G. Wentworth to diversify its business by expanding its offerings in the prepaid card space, as well as in home lending and refinancing and access to providers of personal lending.
The WinStreak card is a General Purpose Reloadable (GPR) card that provides the convenience of a debit card and is available regardless of credit rating or income. Additional benefits include reload capabilities, the ability to shop or pay bills online, access to cash from ATMs and purchase and fraud protection, among others.
About The J.G. Wentworth Company®
The J.G. Wentworth Company® is focused on providing direct-to-consumer access to financing solutions through a variety of avenues, including: mortgage lending and refinancing, structured settlement, annuity and lottery payment purchasing, prepaid cards, and access to providers of personal loans. Through the J.G. Wentworth, Peachtree Financial Solutions, and Olive Branch Funding brands, the Company is the leading purchaser of structured settlement payments.
Mortgage loans are offered by J.G. Wentworth Home Lending, LLC NMLS ID # 2925 (www.nmlsconsumeraccess.org), 3350 Commission Court, Woodbridge, VA 22192; 888-349-3773.
For more information about The J.G. Wentworth Company®, visit www.jgw.com or use the information provided below.
This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.
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