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Fifth Third Processing acquires Springbok’s prepaid platform

Cincinnati, Sept. 21, 2010 -- Fifth Third Processing Solutions, LLC, today announced that it has acquired certain assets of Englewood, Colorado based Springbok Services, Inc. The assets were acquired by Fifth Third Processing Solutions in connection with Springbok's Chapter 11 bankruptcy proceeding and include Springbok's cutting edge reloadable prepaid card processing platform. Founded in 1998, Springbok... read more

The Fed approves gift card rule extension

Washington, Aug. 11, 2010 -- The Federal Reserve Board on Wednesday announced its approval of an interim final rule implementing recent legislation modifying the effective date of certain disclosure requirements applicable to gift cards under the Credit Card Accountability Responsibility and Disclosure Act of 2009. For gift certificates, store gift cards, and general-use prepaid cards produced prior to... read more
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