AccountNow acquires payment card operations of nFinanSe

Provider of GPR prepaid cards

AccountNow has completed its acquisition of the payment card operations of nFinanSe, which provides stored value and prepaid cards distributed at retail stores (view press release). AccountNow is a provider of general purpose reloadable (GPR) prepaid cards in direct-to-consumer sales.

However, until required regulatory approvals come through, money transmission activities will remain with nFinanSe Payments. nFinanSe cards will continue to function exactly as before and customers will still be able to access their account information at www.nFinanSe.com.   

According to Jim Jones, CEO of AccountNow, “These capabilities in retail distribution are highly complementary to our existing direct-to-consumer capabilities with virtually no overlap.  This strategic combination instantly expands our retail distribution to an additional 15,000 plus locations.” 

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