Vancouver's VendTek Systems Inc. (TSX-V:VSI) has signed a prepaid services marketing agreement with United Bank Card, one of the largest independent sales organizations in the U.S.
United is a payment and transaction processor for more than 100,000 merchants in the U.S. It processes more than $9 billion annually.
Working with VendTek, which provides automated transaction systems software, United plans to expand into the prepaid services market.
VendTek's share price range during the past week: between $0.97 and $1.03; 52-week high: $1.30; 52-week low: $0.70.