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Morgan Beaumont and RBS Lynk sign agreement

Morgan Beaumont, owner of the SIRE network, has signed an agreement with payment processor RBS Lynk to use the SIRE network as a loading point for RBS Lynk's CashLynk prepaid card.

<p>The US-based SIRE Network is a secure point of sale and PC based software platform that connects retail merchants with multiple stored value/prepaid card processors and issuing banks. Morgan Beaumont will also issue its cards on RBS Lynk&#0039;s platform.<br /><br />RBS Lynk is the US payment processing division of RBS Group, the third-largest transaction acquirer in the world.<br /><br />Cliff Wildes, CEO of Morgan Beaumont, stated that we are pleased with this opportunity to partner with RBS Lynk and to offer their growing customer base the convenience of our 100,000 plus SIRE Network locations. This relationship also will enable Morgan Beaumont to benefit from the additional traffic on our SIRE Network.</p>