Business
Next Group Holdings Announces Plans to Extend its Reach in the Mobile Banking and Mobile Payments Markets
Next Group Holdings Announces Plans to Extend its Reach in the Mobile Banking and Mobile Payments Markets.
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[{"type":"text","content":"\n\n\n\nNext Group Holdings Announces Plans to Extend its Reach in the Mobile Banking and Mobile Payments Markets\n\n\n\n\n\nNext Group Holdings Announces Plans to Extend its Reach in the Mobile Banking and Mobile Payments Markets\nPR Newswire\nMIAMI, January 20, 2016\n\n\n\nMIAMI, January 20, 2016 /PRNewswire/ --\n\nNext Group Holdings, Inc. (OTCQB: PLKD) announced today that it plans to aggressively extend its market reach and subscriber base in the mobile banking and mobile payments industries throughout the remainder of 2016, primarily through its subsidiary Next CALA, Inc. (\"Next CALA\").  PLKD owns 94% of the issued and outstanding shares of Next CALA, which is one of PLKD's four operating subsidiaries.\n\nNext CALA promotes and distributes NextCALA-branded Prepaid Visa® General Purpose Reloadable (\"GPR\") prepaid cards, bearing the Next CALA Debit™ and Visa® logos. Next CALA Prepaid Card® GPR cards are provided under licensing and operating agreements with prepaid industry-leaders IHFL and ITCFL, which are affiliated corporations and each of which is indirectly a wholly-owned subsidiary of InComm Holdings, Inc. and The Bancorp Bank pursuant to a license from Visa USA, Inc.  The Bancorp Bank is a member of the FDIC.  The Next CALA Prepaid Visa® GPR cards are distributed and serviced for Next CALA by ITC Financial Licenses, Inc.\n\nCustomers can load between $20 and $500 per load into their Next CALA Prepaid Visa® GPR cards anywhere in the Vanilla Reload Network Nationwide, which includes more than 50,000 retail locations in the United States, including most Walmart, Walgreens, CVS, Dollar General, and 7-Eleven stores. Customers can also load cash value into their Next CALA Prepaid Visa® cards via automated bank-to-bank direct deposit.  Next CALA Prepaid Visa® cards are accepted wherever Visa Debit® cards are accepted, and can be used for transactions including ATM withdrawals and other ATM functions, remittances, bill payments, mobile-banking, virtual digital wallet functions, and purchasing at retail locations, online, and over the phone, as well as ACH Direct Deposit. The maximum load amount permitted per registered Next CALA Prepaid Visa® card is $10,000. Each Next CALA Prepaid Visa® GPR card comes with a routing number and unique ac...