NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Bank Freedom, a wholly owned subsidiary of Prepaid Card Holdings, Inc. (Pink Sheets: PPDC), announced today that the company had processed approximately $125,000,000 in prepaid debit card transactions as of March 31, 2010 which is the end of the company's second full year as a prepaid card debit card company.
Bank Freedom offers a branded general purpose reloadable prepaid debit card for consumers at its website www.BankFredom.com. The company also offers small business owners branded reloadable prepaid expense cards for their company’s employees as well as reloadable branded payroll debit cards. Bank Freedom also co-brands private labeled card solutions for large institutions. Business owners can log on to the company’s business website at www.BankFreedom.Biz
About Bank Freedom
Bank Freedom®, a wholly owned subsidiary of Prepaid Card Holdings, Inc. is a leading provider of financial services in the prepaid card industry. The company, under its Bank Freedom brand, offers prepaid debit cards to America’s estimated 60 million underbanked citizens. The company also provides co-branding program management services and is the program manager for the AFSCME® Advantage Prepaid Debit card, a 1.6 million member union. In addition to the underbanked consumer demographic; small, medium, and large businesses have found a much needed product with the company’s Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employee’s expenses other than through traditional credit cards or cash reimbursements. For more information about Bank Freedom visit www.BankFreedom.com
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