Merchant Processing International, Inc. Sells One of Its Merchant Account Portfolios

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Merchant Processing International Inc., a wholly owned subsidiary of Prepaid Card Holdings, Inc. (Pink Sheets: PPDC - News), today announced it closed the sale on October 30, 2009 of one of its merchant credit card processing account portfolios. The company received an unsolicited offer for its TransFirst LLC merchant credit card processing portfolio. The company expects to net approximately $190,000 in cash after paying the company's agents their proportional percentages of the gross sale proceeds.The company owns another credit card merchant portfolio which is not involved in this transaction and maintains the right to continue to place new merchant credit card processing accounts at TransFirst LLC as well as other organizations.For further information contact Bruce Berman at 877-237-6260 ext. 128 or visit the Company website at www.PrepaidCardHoldings.com or ...
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Prepaid Card Holdings, Inc. CEO Bruce Berman Waives Salary For The Remainder Of 2009

LAS VEGAS--(BUSINESS WIRE)--Prepaid Card Holdings, Inc. (Pink Sheets:PPDC) announced today CEO Bruce Berman agreed to waive his salary for the remainder of 2009. Mr. Berman previously waived his salary for the entire calendar year of 2008 and in February 2009 agreed to a 70% decrease in salary. th, 2009 in the Superior Court in the state of California, in the county of Orange. Since that time, Mr. Berman has not accepted a paycheck from the company and has now agreed to not accept or accrue a paycheck for the rest of 2009 in order to not affect the company’s operational cash flow from this legal action this year.Last week, Mr. Berman set up a trust for company employees in case he was awarded any direct stock benefit from the litigation.Bruce Berman, CEO of Prepaid Card Holdings, Inc, stated, “Because of the complexity of various agreements in place I set u...
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Prepaid Card Holdings Inc. CEO Sets Up Employee Stock Option Trust

LAS VEGAS--(BUSINESS WIRE)--Prepaid Card Holdings, Inc. (Pink Sheets: PPDC) announced today the Company's CEO has set up an Employee Stock Option Trust for current and future employees of the company. th, 2009, Prepaid Card Holdings, Inc. filed a lawsuit against the company’s former COO Robert Christiansen for fraud and concealment, breach of fiduciary duty, and Conversion. As part of the lawsuit, Prepaid Card Holdings, Inc is seeking the return of options to purchase 63,750,000, of Prepaid Card Holdings, Inc CEO Bruce Berman’s personal shares. If the lawsuit results in the return of any of these Options, Mr. Berman has agreed to place those Options into a trust for the benefit of current and future employees other than Bruce Berman. Under the trust agreement, Mr. Berman must assign any returned Options to employees within 12 months of their return from Mr. Christiansen...
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Bank Freedom® Announces the Bank Freedom Prepaid MasterCard® Card; Program Offers No Monthly Fee For Both Cash Loading And Direct Deposit Customers And Also Lowers the Monthly Fee For All Other Consumers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Merchant Processing International Inc. d/b/a Bank Freedom, a wholly owned subsidiary of Prepaid Card Holdings, Inc. (PPDC:PK), today announced a no monthly fee plan for its cash loading customers. This is a continuing demonstration of Bank Freedom’s commitment to America’s financially strapped consumers. Bank Freedom will waive the monthly fee for customers of its Bank Freedom Prepaid MasterCard® program who deposit either $350 or more by direct deposit or $700 or more in cash each month. For consumers who don’t meet the monthly deposit minimum, Bank Freedom has lowered their monthly fee from $9.95 to only $5.95 per month. Bruce Berman, CEO of Bank Freedom stated, “Bank Freedom’s mission is to build a brand known for providing its customers a quality financial tool at an affordable price. Our Bank Freedom Prepaid MasterCard includes an online card account where consumers can access their card account balance and transaction history, get statements, and much more. Our optional services like online bill pay and check writing provide America’s underbanked consumers all the tools they need to function in today’s society.”Bank Freedom’s 100% guaranteed approval policy (subject to verification of id) insures that anyone, regardless of credit history or employment status can get a Bank Freedom Prepaid MasterCard card account, issued by MetaBank. To learn more about the Bank Freedom Prepaid MasterCard and the exceptional benefits offered, go to ...
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Prepaid Debit Card Now Offered With No Monthly Fee For Both Cash Loading And Direct Deposit Customers Announced Prepaid Card Holdings, Inc.

LAS VEGAS--(BUSINESS WIRE)--Prepaid Card Holdings, Inc. (Pink Sheets:PPDC - News), today announced a no monthly fee plan for its cash loading customers. This is a continuing demonstration of its commitment to America’s financially strapped consumers. Prepaid Card Holdings will waive its monthly fee when customers deposit either $350 a month or more by direct deposit or $700 or more in cash each month. For consumers that don’t meet the monthly deposit minimum, Prepaid Card Holdings, Inc. charges only $5.95 per month. Bruce Berman, CEO of Prepaid Card Holdings, Inc, stated, “Our mission is to build a prepaid debit card company known for providing its customers a quality financial tool at an affordable price. Our Prepaid Debit Card includes an online card account where consumers can access their card account balance, transaction history, get statements, and much more. Our optional services like online bill pay and check writing, provide America’s underbanked consumers all the tools they need to function in today’s society.”With 100% guaranteed approval policy (subject to verification of id) insures that anyone, regardless of credit history or employment status can get a branded Prepaid Debit card account. To learn more about Prepaid Card Holdings, Inc and the exceptional benefits offered, go to ...
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CardNow® and Card Now® Trademarks Granted To Prepaid Card Holdings, Inc. Subsidiary For Debit Card And Credit Card Services

LAS VEGAS--(BUSINESS WIRE)--Prepaid Card Holdings, Inc. (Pink Sheets:PPDC) announced today its wholly owned subsidiary was granted trademark approval for Card Now® and CardNow® from the United States Patent and Trademark Office. Card Now® and CardNow® are hosted at www.CardNow.com and www.CardNow.biz. Prepaid...
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PREPAID CARD HOLDINGS, INC. Financials

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Prepaid Card Holdings, Inc. Files Lawsuit Against Former COO and Director Robert Christiansen for Breach of Fiduciary Duty, Fraud and Concealment, and Conversion

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Prepaid Card Holdings Buys Back 6,000,000 Shares of its Own Stock From Former CEO of National Health Care Alliance, Inc.

LAS VEGAS--(BUSINESS WIRE)--Prepaid Card Holdings, Inc. (Pink Sheets: PPDC - News) announced today that it purchased 6,000,000 shares of its common stock for $60,000 or .01 per share as part of a legal settlement between Prepaid Card Holdings, Inc. and the former CEO of its predecessor company National Health Care Alliance, Inc. As additional consideration to Prepaid Card Holdings, Inc. a convertible note issued to the former CEO of National Health Care Alliance was reduced from 400,000 shares to 300,000. The suit alleged that Prepaid Card Holdings owed $85,000 to a consultant and 400,000 shares of stock to the former CEO as part of the merger between what was then National Health Care Alliance, Inc and what is now Prepaid Card Holdings, Inc. As part of the settlement the $85,000 alleged debt was canceled.About Prepaid Card Holdings, Inc.Prepaid Card Holdings, Inc. through its wholly owned subsidiaries offers emerging prepaid card solutions that can act as an alternative to a traditional checking account and debit card.FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risk...
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PREPAID CARD HOLDINGS, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for PREPAID CARD HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for PREPAID CARD HOLDINGS, INC. 16-Jul-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informat...
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