The PrestigePay team’s experience in the automotive industry, specifically relating to portfolio optimization, made them the best fit to enhance our strategy in our target market.
Miami Shores, FL (PRWEB) March 17, 2016
PrestigePay, LLC today announced that is has completed the acquisition of Titan Card, LLC (“Titan”), a leading provider of prepaid products and services for the sub-prime automotive industry. PrestigePay partnered with Titan’s President, Andy Fox, who will continue to lead the automotive dealer recruitment effort under the PrestigePay brand.
Andy Fox, who has led Titan Card since its inception in 2012, commented, “I am excited to have found a growth oriented partner with values that are consistent with our own. The PrestigePay team’s experience in the automotive industry, specifically relating to portfolio optimization, made them the best fit to enhance our strategy in our target market.”
PrestigePay is a leading provider of prepaid products and services, enabling sub-prime automotive dealers to better serve their clients in the United States. Together with PrestigePay’s sister company SkyBank Financial (http://www.skybankfinancial.com), a privately held provider of merchant solutions, they are perfectly positioned to assist automotive dealers in improving their portfolio by providing access to electronic payment systems that could make it easy and convenient for their customers to make payments.
“Throughout the years, we have always been looking for new and innovative ways to support our dealers in the automotive industry,” says Thomas Aronica, CEO of Miami-based PrestigePay, LLC. “With the implementation of a prepaid solution, we not only been successful in assisting our dealers with the overall reduction of delinquent car payments, but we have also been able to assist their clients – our cardholders – in reducing the potential fees they may encounter at alternative financial service centers.”
PrestigePay, LLC is a registered ISO of Sunrise Banks, N.A., St. Paul, MN 55103. PrestigePay Visa Prepaid Card is issued by Sunrise Banks N.A., St. Paul, MN 55103, Member FDIC, pursuant to a license from Visa U.S.A. Inc. This card may be used everywhere Visa debit cards are accepted. Use of this card constitutes acceptance of the terms and conditions stated in the Cardholder Agreement.
PrestigePay is a registered ISO of Sunrise Banks, N.A., St. Paul, MN 55103, and is a leading provider of customized prepaid debit card programs enabling retailers, distributors, marketers, employers, and financial institutions to serve consumers in the United States. PrestigePay’s secure software and proprietary business tools allow for the rapid and cost-effective deployment of custom solutions that are integrated with credit, debit, and ATM networks, payment processors, POS networks, and retail systems around the world. Visit PrestigePay at PrestigePay.com or on Facebook at http://www.facebook.com/prestigepay.
About Sunrise Banks, NA:
Based in St. Paul, Minnesota, Sunrise Banks seeks to radically change the way urban communities and underserved people thrive by empowering them to achieve their aspirations. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation given to approximately 109 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values and is a certified B Corp™ for its demonstrated commitment to transparent corporate governance and positive community impact. Visit Sunrise Banks at SunriseBanks.com, on Twitter @SunriseBanks, or on Facebook.