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Until 2021 Chime's customer service agreement said deposits would be issued by check, mailed within 14 days. Thousands of customers waited 90 days or longer. The settlement gives at least $150 in redress to any customer who had a $10 balance after 14 days from account closure. The $3.25 million penalty was paid to the CFPB victims relief fund.
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With prepaid mobile phone service, topping-up or reloading is needed to continue using the services of the operator. There are several ways to reload a prepaid mobile phone. The most common approach involves purchasing a prepaid card. However, due to security concerns and for added convenience, electronic reloading has been developed.
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In late 2017, the company acquired a former Citigroup card production facility in Columbus, Ohio and invested $25 million to build out a second, 200,000 square feet (19,000 m 2) credit card production facility, with a capacity to produce 67 million credit cards per year. [22] In January 2018, the company acquired Cayan for $1.05 billion. [23]
Brightspeed of Texas was founded in 1956 as Central Telephone of Texas, [1] a subsidiary of Centel. In 1992, Centel was acquired by Sprint, and Central of Texas began carrying business on under the Sprint name retained its corporate name. In 2006, the company was spun off into Embarq when Sprint Nextel spun off its local telephone operations. [2]