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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Conister Tst | LSE:CTU | London | Ordinary Share | GB0002160678 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 78.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9314J Conister Trust PLC 14 December 2007 FOR IMMEDIATE RELEASE 14 December 2007 Conister Trust plc ('Conister') As part of its continuing development of global payment solutions, Conister is pleased to announce a new partnership agreement with CompuCredit Corporation of the USA and that it has today signed formal contracts with CompuCredit UK, their UK subsidiary. The relationship will enable Conister to issue credit cards marketed and serviced by CompuCredit in the UK market under Conister's membership of the MasterCard scheme. The management of the contract will be by Conister's prepaid card subsidiary, TransSend. Both CompuCredit and Conister anticipate that the volume of cards issued under this scheme will be substantial. CompuCredit Corporation is a US speciality finance company and marketer of branded credit cards and related financial services. At the close of 2006, CompuCredit serviced over 4.3 million customer accounts generating net income after tax of US$107,475,000 with total assets of US$2,113,897,000. CompuCredit is listed on NASDAQ: CCRT. In April 2007, CompuCredit purchased the Monument credit card business from Barclaycard, a Division of Barclays Bank PLC with receivables of £490 million. Rich House, President of CompuCredit, stated, "Our relationship with Conister is key to supporting our expansion within the UK market, where we see substantial opportunities. We are pleased to have reached agreement with Conister who share our vision for growth." John Bushby, General Manager, MasterCard Northern Europe, commented, "We congratulate CompuCredit on its new partnership with Conister and are pleased to be their associate for credit card initiatives in the United Kingdom. Jerry Linehan, Chief Executive of Conister said," We are delighted with the relationship with CompuCredit which will represent our largest card programme to date and we look forward to supporting CompuCredit's expansion plans. Conister's membership of MasterCard allows the issue of credit, debit and prepaid cards. Whilst our key market remains prepaid cards, with this partnership we have been able to leverage our MasterCard membership to open up new and growing revenue opportunities for Conister." For further information, please contact: Conister Trust plc: Jerry Linehan, Chief Executive Officer, Tel: +44 (0) 1624 694694 Beaumont Cornish Limited: Roland Cornish Tel: +44 (0) 207 628 3396 This information is provided by RNS The company news service from the London Stock Exchange END SALFFLSULSWSEIE
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