No Borders (CE) (USOTC:NBDR)
Historical Stock Chart
From Jan 2020 to Jan 2025
No Borders, Inc. (Pink Sheets:NBDR) announced that it has signed an
agreement with Transaction Management LLC (TMLLC) to provide No Borders'
stored value card customers with enhanced loading capabilities at
Merchant payment locations throughout the United States. Any No Borders’
customer will be able to load funds onto his or her noboCARD™
at any of the TMLLC participating Merchant locations simply by handing
the desired amount of funds to the Merchant. The noboCARD™
is the No Borders prepaid reloadable debit card product for the unbanked
and migrant community which is scheduled for deployment during the
fourth quarter of this year, pending regulatory approval of certain
specific card features.
Raul Hinojosa, President of No Borders, stated, “This
agreement with TMLLC together with the Company’s
agreements with Western Financial LLC and Morgan Beaumont and their
respective load networks will provide convenient locations for No Borders’
customers to load money onto the noboCARD™.”
Ron Phillips, President and Interim CEO of TMLLC, stated, "We are
excited to have expanded our relationship with No Borders and provide
load services for the No Borders noboCARD™, a
premier offering in the markets they serve. By adding the TMLLC load
network to their load options, No Borders can offer customers an
economical and convenient way to load funds on to their cards.”
About No Borders, Inc.
No Borders, Inc., a Nevada Corporation, is in the business of providing
financial services and products that include a debit and stored value
card platform through which a variety of financial and commercial
services and products can be offered to residents of developing
countries and to immigrants from those countries who reside in the
United States and send money back home on a regular basis. No Borders
offers significantly lower cost money transfers through licensed
money transmitter partners and financial institutions and long distance
telephone services, initially focusing on Latin America, and now adding
Pakistan and other countries in Asia, the Middle East and Africa to its
focus after completing its alliance with InfoSpan Inc. According to
Inter-American Development Bank, Latin American immigrants in the US
sent back home an estimated $40 Billion in 2005 with an annual growth
rate of about 20%. The Company believes that it will accelerate its
penetration into this growing market, first by reducing the excessive
costs currently charged to the consumer, and second by offering a full
range of financial and commercial services and products to this emerging
transnational market, at significantly lower prices.
About Transaction Management LLC
Transaction Management, LLC is a leading electronic payment
services company providing electronic transaction services and walk-in
payment services to a nationwide market. Among its product offerings,
TMLLC currently markets the EmpaSys™ Walk-In
Money Solutions from Security Bank. The company offers services through
its channel partners and referral agents for electronic commercial
banking and walk-in payment services. These services, along with the
many other electronic payment processes that the company provides,
enhance merchants' ability to increase their walk-in traffic, increase
their revenues, and accept payments anytime, anywhere and in any fashion.
Certain statements in this release and other written or oral
statements made by or behalf of the company are "forward-looking
statements" within the meaning of the federal securities laws.
Statements regarding future events and developments and our future
performance, as well as management's expectations, beliefs, plans,
estimates or projections relating to the future are forward-looking
statements within the meaning of these laws. The forward-looking
statements are subject to a number of risks and uncertainties including
market acceptance of the company's services and projects and the
company's continued access to capital and other risks and uncertainties
outlined in its filings with the Securities
and Exchange Commission, which are incorporated herein by
reference. The actual results the company achieves may differ materially
from any forward-looking statements due to such risks and uncertainties.
These statements are based on our current expectations and speak only as
of the date of such statements were made. The company undertakes
no obligation to publicly update or revise any forward-looking
statement, whether as a result of future events, new information or
otherwise.
No Borders, Inc. (Pink Sheets:NBDR) announced that it has signed
an agreement with Transaction Management LLC (TMLLC) to provide No
Borders' stored value card customers with enhanced loading
capabilities at Merchant payment locations throughout the United
States. Any No Borders' customer will be able to load funds onto his
or her noboCARD(TM) at any of the TMLLC participating Merchant
locations simply by handing the desired amount of funds to the
Merchant. The noboCARD(TM) is the No Borders prepaid reloadable debit
card product for the unbanked and migrant community which is scheduled
for deployment during the fourth quarter of this year, pending
regulatory approval of certain specific card features.
Raul Hinojosa, President of No Borders, stated, "This agreement
with TMLLC together with the Company's agreements with Western
Financial LLC and Morgan Beaumont and their respective load networks
will provide convenient locations for No Borders' customers to load
money onto the noboCARD(TM)."
Ron Phillips, President and Interim CEO of TMLLC, stated, "We are
excited to have expanded our relationship with No Borders and provide
load services for the No Borders noboCARD(TM), a premier offering in
the markets they serve. By adding the TMLLC load network to their load
options, No Borders can offer customers an economical and convenient
way to load funds on to their cards."
About No Borders, Inc.
No Borders, Inc., a Nevada Corporation, is in the business of
providing financial services and products that include a debit and
stored value card platform through which a variety of financial and
commercial services and products can be offered to residents of
developing countries and to immigrants from those countries who reside
in the United States and send money back home on a regular basis. No
Borders offers significantly lower cost money transfers through
licensed money transmitter partners and financial institutions and
long distance telephone services, initially focusing on Latin America,
and now adding Pakistan and other countries in Asia, the Middle East
and Africa to its focus after completing its alliance with InfoSpan
Inc. According to Inter-American Development Bank, Latin American
immigrants in the US sent back home an estimated $40 Billion in 2005
with an annual growth rate of about 20%. The Company believes that it
will accelerate its penetration into this growing market, first by
reducing the excessive costs currently charged to the consumer, and
second by offering a full range of financial and commercial services
and products to this emerging transnational market, at significantly
lower prices.
About Transaction Management LLC
Transaction Management, LLC is a leading electronic payment
services company providing electronic transaction services and walk-in
payment services to a nationwide market. Among its product offerings,
TMLLC currently markets the EmpaSys(TM) Walk-In Money Solutions from
Security Bank. The company offers services through its channel
partners and referral agents for electronic commercial banking and
walk-in payment services. These services, along with the many other
electronic payment processes that the company provides, enhance
merchants' ability to increase their walk-in traffic, increase their
revenues, and accept payments anytime, anywhere and in any fashion.
Certain statements in this release and other written or oral
statements made by or behalf of the company are "forward-looking
statements" within the meaning of the federal securities laws.
Statements regarding future events and developments and our future
performance, as well as management's expectations, beliefs, plans,
estimates or projections relating to the future are forward-looking
statements within the meaning of these laws. The forward-looking
statements are subject to a number of risks and uncertainties
including market acceptance of the company's services and projects and
the company's continued access to capital and other risks and
uncertainties outlined in its filings with the Securities and Exchange
Commission, which are incorporated herein by reference. The actual
results the company achieves may differ materially from any
forward-looking statements due to such risks and uncertainties. These
statements are based on our current expectations and speak only as of
the date of such statements were made. The company undertakes no
obligation to publicly update or revise any forward-looking statement,
whether as a result of future events, new information or otherwise.