View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
January 13, 2015

UniRush purchases rapid! PayCard from WEX

UniRush, a prepaid solutions provider, has acquired rapid! PayCard, a US-based prepaid payroll card business, from WEX.

By Verdict Staff

UniRush, a prepaid solutions provider, has acquired rapid! PayCard, a US-based prepaid payroll card business, from WEX.

The acquisition of rapid! PayCard will encourage UniRush’s long-term strategy to diversify its product offering while extending into high-growth, high-value payments markets.

rapid! PayCard will continue to operate from Tampa, Florida with its employees and will be run as a flagship paycard brand of UniRush.

UniRush will leverage rapid! PayCard’s 1,700 corporate relationships to develop a broad range of prepaid products expanding the RushCard brand.

Chris Ruppel, one of the original founders of rapid! PayCard, will oversee the Corporate Payments vertical of UniRush as the senior vice president and general manager.

Ruppel said: "Our plan is to aggressively scale the paycard business, leveraging the infrastructure and expertise at UniRush with one of the best paycard companies in the industry."

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International