Nfinanse Inc (NFSE)

NFinanSe Inc was founded on July 10, 2000. It is a provider of stored value cards (SVCs), for a variety of markets, including grocery stores, convenience stores and general merchandise stores. The Companys products and services are aimed at capitalizing on the growing demand for stored value and reloadable ATM/prepaid card financial products. It operates two divisions: the nFinanSe Card Division, which issues prepaid gift cards, reloadable general spend prepaid cards, payroll cards and promotional/incentive cards; and the nFinanSe Network(tm) which is a network of load locations for stored value and prepaid cards. These SVCs are sold directly to consumers through its distribution partners network of retail locations. The Card Division also sells payroll SVCs directly to companies. The Company has developed its nFinanSe Network(tm), which connects the Company with its load locations. The markets for financial products and services, including SVCs and services related thereto, are competitive. The Company competes with a number of companies in its markets and its competitors vary in size, scope and breadth of products and services offered. The Company's current and planned operations involve working with the following business partners, among others, to sell SVCs and services. It has obtained a United States Treasury Federal Money Services business license, which is required by some states to conduct its operations.