AccountNow(R) Acquires Prepaid Wireless Assets

SAN RAMON, Calif., Feb. 10, 2014 (GLOBE NEWSWIRE) -- Jim Jones, CEO of privately held AccountNow, Inc., one of the nation's largest prepaid card companies, today announced the acquisition of www.prepaidwireless.com from Generis Group and www.babblebug.com from Fuze Online, Inc., providers of wireless telecom products and services, primarily top-ups for prepaid phones.

"Customers of all companies win. They now enjoy easy access to new financial and telecom services delivered exactly the way they want them. And more products and services conveniently delivered from a trusted partner," according to Jim Jones, AccountNow, Inc. Chief Executive Officer.

More people are going mobile as smart phones become more affordable. AccountNow customers already deposit checks directly from their smart phone and use Online Bill Pay, balance and transaction text alerts and cash-back purchase rewards, so they would seem natural prospects for telecom products and services. Internal surveys confirm that they are attracted to telecom services too.

PrepaidWireless.com and babblebug.com offer prepaid phones, domestic and international prepaid minute refills, sim cards, and a rewards program that can be redeemed toward any of their products or services. Their customers are also natural prospects for AccountNow's financial transactions offerings.‡

AccountNow's easy access mobile site makes tax season simpler and PrepaidWireless.com and Babblebug.com prepaid mobile telecom customers need and want pay-as-you-go financial transaction services. AccountNow believes that a multi-channel strategy with meaningful benefits for customers will prove to be a significant driver of future profits. Prepaid telecom services are very consistent with AccountNow's existing payment capabilities for prepaid MasterCard® and Visa® cards under the AccountNow and READYdebit brands. The company expects to integrate access to prepaid telecom services for AccountNow and READYdebit customers before the end of March.

"Our customers will love the added financial services from AccountNow, and AccountNow customers will love our wireless telecom services which are available nationwide and internationally," said Dave Wilkes, CEO of Fuze Online.

About AccountNow, Inc.

AccountNow (www.accountnow.com), headquartered in San Ramon, California, is a leading provider of financial solutions for consumers who choose not to have traditional banking relationships. AccountNow provides consumers a convenient and affordable alternative to traditional checking accounts and access to financial payments systems including Visa and MasterCard prepaid cards, with features such as online bill payment and card-to-card transfers.

AccountNow Prepaid Visa Cards and Ready Debit Visa Prepaid Cards are issued by The Bancorp Bank or MetaBankTM pursuant to a license from Visa U.S.A. Inc. and can be used everywhere Visa debit cards are accepted. The AccountNow Prepaid MasterCard is issued by MetaBank pursuant to license from MasterCard International Incorporated and may be used everywhere Debit MasterCard is accepted. AccountNow Inc. is a registered Independent Sales Organization of The Bancorp Bank and MetaBank. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. The Bancorp Bank and MetaBank; Members FDIC.

‡ Standard text messaging rates may apply from your service provider.

CONTACT: Media Contact: Gary Douglas media@accountnowinc.com (949) 464-9301Source:AccountNow, Inc.

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