Prepaid Debit Card Company Bank Freedom Leaving MetaBank
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Bank Freedom, a wholly owned subsidiary of Prepaid Card Holdings, Inc. (Pink Sheets:PPDC), announced today that it is leaving MetaBank (NASDAQ:CASH). Bank Freedom intends to begin issuing its new prepaid cards through a new issuing Bank in May or June 2011 and phase out of MetaBank completely by November 2011. “In 2010 we switched processors to reduce our …

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