SAFECARD SERVICES INC
8-K, 1994-07-21
BUSINESS SERVICES, NEC
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                  SECURITIES AND EXCHANGE COMMISSION

                        Washington, D.C. 20549

                                                      

                                FORM 8-K

                             CURRENT REPORT


                 Pursuant to Section 13 or 15(d) of the

                     Securities Exchange Act of 1934
 
           Date of Report (Date of earliest event reported)
 
                             July 13, 1994



                      SAFECARD SERVICES, INCORPORATED
           --------------------------------------------------
           (Exact name of registrant as specified in charter).



       Delaware                  1-10411        13-2650534
- - ----------------------------   ------------   -------------------
(State or other jurisdiction   (Commission    (IRS Employer
of incorporation)              File Number)   Identification No.)


  3001 E. Pershing Boulevard, Cheyenne, WY               82001 
- - ---------------------------------------------          ----------
(Address of principal executive offices)               (zip code)


                    Registrant's telephone number,                
                 including area code:  (307) 771-2700
                                       --------------  


                               N/A
  -------------------------------------------------------------
  (Former name or former address, if changed since last report).













Item 5.     Other Events

      On July 13, 1994, the Company announced that Gerald R.
Cahill, former Chief Operating Officer, had resigned his position
as a Director of the Company.  Attached as Exhibit 1 is the press
release.

<PAGE>



                             SIGNATURES


      Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.


                                                                  
                                 SAFECARD SERVICES, INCORPORATED



                                 BY:     G. THOMAS FRANKLAND
                                         ------------------------
                                 Name:   G. Thomas Frankland      
                                 Title:  Vice Chairman and Chief  
                                         Financial Officer



July 20, 1994










EXHIBIT 1



                              CONTACT:  Bob Stone
                                        The Dilenschneider Group  
                                        212-922-0900




FOR IMMEDIATE RELEASE:
- - ---------------------

            SAFECARD ANNOUNCES CAHILL'S RESIGNATION AS DIRECTOR   
            ---------------------------------------------------

     CHEYENNE, WY, July 13, 1994 -- SafeCard Services, Inc.
(NYSE:SSI) today announced that Gerald R. Cahill, former chief
operating officer of the company, has resigned his position as a
director of the company, effective July 11, 1994.

     In accepting Mr. Cahill's resignation, Paul G. Kahn, chairman
and chief executive officer of SafeCard, acknowledged Mr. Cahill's
contribution over the years to the company and the board.

     Founded in 1969, SafeCard Services, Inc. provides various
consumer products and services and is the world's largest provider
of credit card protection services.  SafeCard serves approximately
14 million consumers in cooperation with credit card issuers
throughout the United States.
 



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