ATLANTA, Nov. 22, 2011 /PRNewswire/ -- InComm announced today the company has reviewed the lawsuit filed by nFinanSe alleging breach of contract and antitrust claims, and is both surprised and disappointed that nFinanSe has filed such a baseless lawsuit. InComm currently distributes nFinanSe's DISCOVER® GPR card under the terms of a written agreement; while there have been ongoing conversations about distribution of nFinanSe's VISA® GPR card on a case-by-case basis, InComm has never entered into an agreement with nFinanSe that obligated it to distribute nFinanSe Visa cards, and InComm has consistently reserved its right of approval. InComm takes very seriously its commitment to its consumers and merchants to be discerning about its suite of products; accordingly, InComm reserves the right to select all products for its distribution network.
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Perhaps the most disappointing aspect of nFinanSe's action is the meritless antitrust allegations related to InComm's proposed Reload Network. The Reload Network is made available to its partners at a specific price point—consistent with the general industry practice for reload packs—and nFinanSe is free to participate or not participate on those terms at its discretion. If it chooses not to participate, nFinanSe can continue to use its existing reload platform or any of the others available in the industry.
InComm has acted entirely appropriately and fully expects to prove that nFinanSe's lawsuit is completely without merit.
SOURCE InComm
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