The Approved Card™ from Suze Orman Launched by APPROVED LLC, RedWage LLC and TxVia, Inc.

NEW YORK, Jan. 10, 2012 /PRNewswire/ -- Suze Orman's APPROVED LLC with RedWage, a leading provider of innovative payment solutions for consumers and businesses, and TxVia, which provides the most advanced operating system to enable emerging payments and financial services, today announced the launch of The Approved Prepaid MasterCard®  from personal finance icon Suze Orman.

Orman, the best-selling author, and Emmy-award-winning television host, launched the card to offer a cost effective alternative to the other prepaid cards and banking solutions that are on the market today.  Suze wanted a card that was transparent when it came to fees and put people's needs first, a place that people could feel proud to bring their money home to.

In contrast to other ways to save, spend and manage money, The Approved Card™  carries no hidden fees and features low monthly fees and special benefits available only to cardholders.

RedWage and TxVia specialize in building ground-breaking payments and financial services solutions that include the technology infrastructure, day-to-day operations, and servicing expertise to support innovative programs such as The Approved Card.

Suze Orman said, "The Approved Card is my answer to those who are looking for a better way to bank, use plastic, and feel secure knowing that their interests are being put before fees and profit motives."

"The critical need for better money management tools makes this the ideal time to empower consumers with The Approved Card," said Kim Bishop, President of APPROVED LLC. "Our partnership with RedWage and TxVia provides a foundation to offer cardholders unrivaled benefits and services."

RedWage CEO Sean O'Toole said, "With our partners, we created an alternative for consumers with customizable features and conveniences that set a new industry standard by putting the consumer and their needs first and foremost. The Approved Card reflects the way we at RedWage tackle the barriers to innovation that our clients have come to expect when working with us."

TxVia Chairman and CEO Anil D. Aggarwal said, "We are pleased to enable The Approved Card. TxVia's platform-as-a-service (PaaS) delivery model coupled with our highly differentiated servicing solutions -- including customer service and risk management -- play a key role in helping the partnership realize significant time-to-market, cost, scalability, reliability and security benefits."

About APPROVED

For more information, visit www.TheApprovedCard.com.

About RedWage

RedWage creates innovative prepaid payment card solutions that improve the financial well-being of its cardholders and business customers. RedWage offers custom, low-cost solutions with end-to-end program management that includes payroll, expense management, incentive payment solutions for companies and prepaid solutions for consumers. For more information, visit www.RedWage.com or Twitter @RedWage.

About TxVia

TxVia offers the most advanced transaction processing technology for emerging payments and financial services, as well as comprehensive supporting services. Its solutions encompass the full scope of consumer, corporate and government payment applications. TxVia enables electronic payments with a platform-as-a-service (PaaS) delivery model, a fully customizable solution that supports its clients' specialized processing needs. TxVia clients, which include some of the largest payments companies in the world, realize significant time-to-market, cost, scalability, reliability and security benefits from its custom—rather than one-size-fits-all—platforms. For more information, visit www.TxVia.com.

Contacts:

For The Approved Card Media Inquiries, contact:
Jill Zuckman |202 464 6604 | [email protected]
Or
Abigail Gardner | 202 464 6603 | [email protected]

For RedWage: Julie Huang |888 989 8808 x703 | [email protected]
Or
Jeff Siegel |888 989 8808 x701 | [email protected]

For TxVia: Colette A. Oliver | 212 937 4115 | [email protected]

The Approved Prepaid MasterCard is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated and can be used wherever Debit MasterCard is accepted. The Bancorp Bank. Member FDIC. MasterCard is a registered trademark of MasterCard International Incorporated. The name "The Approved Card" and the card design are trademarks of APPROVED LLC. All other trademarks and service marks are the property of their respective owners. The Approved Prepaid MasterCard is offered exclusively by APPROVED LLC and its authorized agents and is administered by RedWage LLC.

SOURCE RedWage LLC; APPROVED LLC; TxVia, Inc.