News: Portfolio 2009

MERRICK BANK PARTNERS WITH E-DUCTION TO OFFER INNOVATIVE EMPLOYMENT-BASED LENDING SOLUTION

Five-year relationship ensures continued growth of the CLEAR Card – the first-of-its-kind budgeting tool that helps employees improve their financial situation.

BLUE BELL, Pa. and SOUTH JORDAN, Utah, January 6, 2009 – Merrick Bank, a subsidiary of CardWorks, Inc., and E-Duction, Inc. today announced that they have entered into a long-term strategic relationship to support the E-Duction CLEAR Card program. Under the terms of the agreement, E-Duction will continue to provide its leading employment-based financial services and payroll deduction payment processing to its customers, while Merrick Bank will bring to bear its considerable cardholder service capabilities and funding capacity to the program.

 

The CLEAR Card, which is offered as an employee benefit at leading corporations throughout the country, is processed like other credit, debit or check cards, and is a versatile financial tool that