AccountNow, Inc. honored as finalist in the category of best unbanked and underserved program by PrePaid Media
Award Recognizes Best Use of a Network Branded Prepaid Card
SAN RAMON, CA, March 6, 2007 – AccountNow, Inc. (www.accountnow.net), a leading provider of financial products and services solutions for the millions of Americans who do not have traditional banking services and who are otherwise shut off from day-to-day commerce, was honored as a finalist in the category of Best Unbanked and Underserved Program as part of the Prepaid Card Awards during a special dinner ceremony at the 2007 Prepaid Card Expo in Las Vegas. The annual awards program recognizes best-in-class noteworthy professionals, organizations, and programs throughout the prepaid card industry.
AccountNow was nominated for the award by Shailesh Mehta, former chairman and CEO of Providian Financial Corporation, and current AccountNow board member.
"We are very pleased to have been honored as the Best Unbanked and Underserved Program as part of the first annual Prepaid Card Awards," said Tim Coltrell, CEO of AccountNow. "This is a validation of our strategy which, from its inception, focused on the millions of good people in the unbanked and underserved market."
By serving as a "bank account you carry in your pocket", AccountNow's Visa®- and MasterCard®-branded prepaid cards provide millions of consumers who do not have traditional banking or checking accounts additional choices for making purchases and paying bills with the convenience and safety of FDIC deposit insurance, electronic payments, financial education and an innovative tool to help building a new credit history.
Privately-held AccountNow is funded by INVESCO Private Capital, Oak Hill Venture Partners, VSP Capital and Grayhawk Venture Partners. AccountNow’s Visa and MasterCard-branded prepaid cards are issued by MetaBank (NASDAQ: CASH) and Palm Desert National Bank (PDNB).