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Allpoint Network, a Cardtronics, Inc. affiliate (Nasdaq:CATM) and the operator of the largest surcharge-free ATM network, announced the renewal of its agreement with FSV Payment Systems, a leading provider of network branded prepaid debit card products and processing services to both the public and private sectors. Allpoint Network offers surcharge-free access in leading retail locations such as 7-Eleven(r), Target(r), Costco(r), CVS/pharmacy(r), and Walgreens(r).
Marlin Leasing Corporation, a wholly owned subsidiary of Marlin Business Services Corp. (Nasdaq:MRLN), announced today the completion of a $80.7 million term asset-backed securitization. The two senior classes of notes issued under the securitization constitute eligible collateral under the Federal Reserve Bank of New York’s Term Asset-Backed Securities Loan Facility (TALF) program. This transaction was Marlin’s tenth term debt securitization and fifth to earn a AAA rating. As with all prior term debt securitizations, this financing provides the Company with fixed-cost borrowing and will be recorded “on-balance sheet.” A portion of the proceeds of this issuance was used to repay the full amount outstanding under the company’s CP conduit warehouse facility.
Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT) has entered into an agreement with Desmet Ballestra Group www.desmetballestra.com to evaluate CTI’s Nano Cavitation Reactor technology and its potential benefits to the vegetable oil industry.
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