PIF announces new Marketing Masterclass

The Prepaid International Forum (PIF), the not-for-profit trade association representing the prepaid financial services sector, is delighted to announce the first in a series of masterclasses for all those involved in the sales, marketing and development of prepaid programmes.

Taking place in London on Thursday, 30 November the masterclass will provide an introduction to effective strategies to help providers of prepaid products to retain customers and grow their programmes.

Led by industry veteran Kuljit Kaur, the masterclass has been designed to stimulate and challenge participants to think about how rapid changes in payments technology, accessibility and law impacts the way they interact with their customers.

Packed with real-world examples and group discussion the masterclass will allow participants to to gain fresh perspectives on marketing prepaid programmes and improving customer retention with real-action learning.

Agenda at a glance

  • Part 1: First time right is imperative for single loads - but don't make the experience disposable!
  • Part 2: Reloadable - where a great retention model pays dividends
  • Part 3: Keeping it real - a real-world example of interaction points with a sample customer journey
  • Part 4: A practical exercise that will bring customer retention models to life

PIF Commercial Director, Diane Brocklebank said, "The prepaid sector is one of the key innovators in financial services today and is rapidly transforming the way we pay and get paid. Among the keys to bringing these innovative new products and services into the financial services mainstream, and keeping them there, is a great customer experience.

"We have designed this masterclass to help participants develop a joined-up thinking approach to customer experience excellence that they can take away and apply to their business."

The masterclass is free to attend but places are strictly limited. Priority will be given to members of PIF. Those who are interested can learn more and register at http://prepaidforum.org/pif-training-workshops

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Global Processing Services extends mobile wallet capabilities to support Android Pay for issuers

LONDON, UK – October 24, 2017 – Global Processing Services (GPS), a leading payments processor, has increased its support for mobile wallets to include Android Pay using Mastercard Digital Enablement Service (MDES). Android Pay is now available to all clients using the pioneering GPS Apex platform.

MDES is a tokenisation solution that enables Programme Managers to offer Android Pay and other digital wallets to cardholders so they can make secure mobile payments over the counter and in app via their handset.

Darren Deal, Head of Prepaid for Mastercard UK&I says; “It is important for issuers and their supporting processors to be integrated into MDES for tokenization so they can support the latest mobile payment experiences for their customers both now and in the future.”

“Interest in mobile payments has grown rapidly over the past year,” explained Suresh Vaghjiani, Managing Director, GPS. ‘Our clients are innovators who are constantly looking for new ways to add value to their commercial offering. With the addition of Android Pay to our growing portfolio of mobile wallets supported, we continue to break new ground for our issuer clients and future-proofing the GPS Apex platform.”

Security and privacy is at the core of Android Pay. When you use a credit or debit card with Android Pay, the actual card numbers are not stored on the device or on servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored. Each transaction is authorized with a one-time unique dynamic security code.

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About Mastercard

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry.  We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.  Mastercard products and solutions make everyday commerce activities – such as shopping, travelling, running a business and managing finances – easier, more secure and more efficient for everyone.  Follow us on Twitter @MastercardUKBiz, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

 About Global Processing Services

GPS is the market leading processor for both established emerging payments companies and the most innovative fintech businesses; a PCI-DSS Level 1 Service Provider accredited globally by Visa and Mastercard, GPS offers a global solution with access to banking schemes such as BACS and SEPA. For more information visit www.globalprocessing.net or follow us on Twitter @GPS_Processor

Contact for Media Enquiries:
Sarah Broughton
Marketing and Communications Consultant
SBroughton@globalprocessing.net
07890 463063

allpay.cards celebrates successful year following EPA Awards

allpay.cards, part of allpay Limited - the UK’s leading payment specialist, is celebrating it's clients win at last week’s Emerging Payment Awards in London. allpay.cards manufacture the Post Office Travel Money Card, which took home the winning prize from the Best Consumer Card Loaded Programme category.

allpay have worked with Post Office for several years through their processor FIS and helped them migrate all currencies onto a Multi-Currency card. Since early 2017, allpay.cards have personalised over 600,000 of these cards and are expecting more over the coming months.

In addition to the Travel Card win, allpay is celebrating being shortlisted themselves for an award – in the Best Corporate/Government Loaded Payments Programme category. It was it's Direct Payments prepaid programme for social care users that bagged them the nomination.

Key functions of the shortlisted programme include: 

  • Giving authorities access to a portal to load, manage, control and monitor spend in real-time.
  • Giving service users a Cardholder Portal to make payments and view transactions.
  • Providing service users with an account number and sort code – means they can easily pay in + pay out.
  • Restricting accounts to stop them going overdrawn.
  • A dedicated call centre team available Mon-Fri 8am-6pm.
  • A tenant reward scheme.

This nomination follows on from a successful year for the entire allpay Group. allpay’s Head of Research and Market Intelligence, Ross Macmillan said:

“It’s been a very successful year for allpay, securing more than 300 tenders and contract renewals.

These have included the direct debit processing for the NHS Business Services Authority (NHSBSA), implementing the City of Edinburgh's prepaid social care programme and supporting the UK launch of Starling Bank, carrying out the production of its eye-catching contactless card.”

The Fall and Rise of the FinTech Empire: Q&A with Suresh Vaghjiani, Managing Director, GPS

PIF Summit 2017 Keynote Interview

PIF recently interviewed Suresh Vaghjiani, Managing Director of Global Processing Services, about the current state of the FinTech sector. From the rapid growth of new entrants and their impact on the prepaid sector to working with an abundance of new players as the industry strives to bring more choice, greater security and better resilience to the sector.

Oberthur Technologies – Morpho becomes IDEMIA

Colombes, 28 September 2017 - The result of the merger of Oberthur Technologies (OT) and Safran Identity & Security (Morpho), the OT-Morpho group today became IDEMIA. The group's ambition is to empower citizens and consumers to interact, pay, connect, travel and even vote securely while taking advantage of the opportunities of an increasingly connected world. 

At an event that brought together nearly 2,000 guests at the Seine musicale (an iconic cultural venue in the west of Paris, France), Didier Lamouche, Chairman CEO of OT-Morpho, officially renamed the group IDEMIA. In a world directly impacted by the exponential growth of connected objects, the increasing globalisation of exchanges, the digitalisation of the economy and the consumerisation of technology, IDEMIA stands as the new leader in trusted identities placing "Augmented Identity" at the heart of its actions. As an expression of this innovative strategy, the group has been renamed IDEMIA in reference to powerful terms: Identity, Idea and the Latin word idem, reflecting its mission to guarantee everyone a safer world thanks to its expertise in trusted identities.

This event furthermore provided an opportunity to discover all of the group's latest innovations. These
include the automated air passenger boarding process, the new generation biometric payment card, and
embedded security systems to equip the connected cars of tomorrow.

Supported by a workforce of 14,000 employees from all over the world, including 2,000 in the Research
and Development department, IDEMIA is the result of the merger between OT and Morpho completed on 31 March 2017. Today a leading player in the identification and authentication sector, the group serves clients in 180 countries and provides services to five main customer segments: Financial Institutions, Mobile Operators, Connected Objects, Citizen Identity, and Public Security.

"Our future will be built through innovation and disruption which will revolutionise our daily lives. Our vision when we merged OT and Morpho was to build a new offer capable of revisiting the world of digital security. And this is what the creation of IDEMIA has achieved. Thanks to our talented people and the solutions they invent, citizens and consumers can now connect, interact, exchange, pay, travel or even vote in total confidence, drawing on the benefits of a connected world," explained Didier Lamouche, CEO of IDEMIA.

"The accomplishment of this promise is what we call Augmented Identity. It is about using the biometric
characteristics of each person as a unique signature of individual identity, thus facilitating exchanges. It
fosters confidentiality and trust and guarantees secure, authenticated and verifiable transactions. This is a decisive step towards a more frictionless, safer world."

IDEMIA in a few key figures

  • 6 main customer segments
  • 14,000 employees all over the world, serving clients in 180 countries
  • €2.8 billion sales
  • €200 million invested in Research and Development in 2015
  • Nearly 1,400 patents registered
  • More than 500 mobile network operator clients around the world
  • More than 3 billion identity documents issued in the world

About IDEMIA

OT-Morpho is now IDEMIA, the global leader in trusted identities for an increasingly digital world, with the ambition to empower citizens and consumers alike to interact, pay, connect, travel and even vote in ways that are now possible in a connected environment.

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, we reinvent the way we think, produce, use and protect this asset, whether for individuals or for objects. We ensure privacy and trust as well as guarantee secure, authenticated and verifiable transactions for international clients from Financial, Telecom, Identity, Security and IoT sectors.

With close to €3bn in revenues, IDEMIA is the result of the merger between OT (Oberthur Technologies) and Safran Identity & Security (Morpho). This new company has a workforce of 14,000 employees of more than 80 nationalities and serves clients in 180 countries.

For more information, visit www.idemia.com / Follow @IdemiaGroup on Twitter

Press contacts
Julien Tahmissian : julien.tahmissian@havas.com / T + 33 (0)1 58 47 90 54
Niels Gaubert : niels.gaubert@havas.com / T + 33 (0)6 13 39 33 36

Prepaid Schemes ‘Step out of the Shadows’ and Start Delivering Dividends for UK Government

Over £3BN of UK Government Payments could be modernised over next decade say industry experts

Governments across the world have switched to prepaid cards as a modern alternative to cash when it comes to distributing payments to its citizens who opt not to use bank transfers. However, the UK is only now starting to fully seize the opportunity according to industry experts.

Cash-based government payments are not only inconvenient and expensive to administer, but are also less secure and harder to track. Despite the UK being second only to Italy in Europe in its need to replace cash , with an estimated £3 billion of transfers each year, schemes are only now being adopted with enthusiasm.

According to the Prepaid International Forum (PIF), the not-for-profit trade body representing the prepaid financial services sector, political rather than practical issues have been the cause for slow uptake.

Alastair Graham, PIF spokesperson, comments, “Some early efforts to modernise payments were set back due to unwarranted fears that they would be used to unfairly restrict the spending habits of those in receipt of benefits. It was repeatedly claimed that benefit recipients would not be able to buy cigarettes or fast food with government prepaid cards”.

“The reputational fall-out from these public discussions made prepaid programmes hard to sell to the public. However, despite this, many programmes have become established and are thriving. They have gained acceptance from the public for their convenience and have helped to streamline administration for under-pressure government departments.

“This is good news for the UK, which has over £3 billion of payments each year that could benefit from a switch to prepaid cards. Sizeable savings can be made at a time when public spending is tight.

“It’s time for these schemes to step out of the shadows and be recognised for the valuable contribution they can make.”

One of the leading partners in helping government to implement such changes is allpay, a specialist in government payments. Its schemes, such as a recent project in partnership with City of Edinburgh, have led to the migration of more than 950 service user accounts from the Council’s existing provider, which included the transfer of more than £2 million in residual balances from the current supplier’s cards.

Since the start of the scheme there has been a total of £9.5 million loaded on to the cards and £6.5 million spent using the cards.

The cards are provided to members of the public who receive a Direct Payment to purchase services identified within their care plan, so the types of services purchased vary per person. These broadly cover care providers, individual personal assistants, respite facilities and day centres.

Many people us their card to make Faster Payments, as well as Direct Debits, shopping online and in stores. ATM withdrawals are not allowed.

Kevin McAdam, Director of Prepaid at allpay comments: “We’re seeing much greater acceptance from the Department of Work and Pensions for the benefits prepaid cards bring to schemes such as the distribution of Universal Credit. At the same time, local authorities and housing associations are increasingly switching to prepaid to help fulfil their social care obligations.

“As a result of this growing appetite we’ve recently established a number of similar schemes to that in Edinburgh across the UK and have more lined up to begin soon. It’s conceivable that over the next decade virtually all of the UK’s £3 billion of cash payments could have been replaced by prepaid.”

However, the push for prepaid isn’t solely to bring costs down and increase security. The wider goal of increasing social inclusion and preventing people from being excluded from the modern digital economy is also leading to calls for the switch from cash.

People who receive government benefits in cash, who may not have access to a full current account or credit card, can often find the cost of living increased. Research shows those who are financially excluded pay a ‘Poverty Premium’ as they are unable to shop online or benefit from Direct Debit discounts.

Research from The Financial Inclusion Commission estimates that two million people in the UK are financially excluded. Prepaid cards bring people into the financial fold and can begin to alleviate the Poverty Premium.

Steve Shirley, Vice President, Public Sector at Mastercard UK said, “Financial exclusion has a huge effect on people’s daily lives, and working with a wide range of partners, we are committed to driving financial inclusion in the UK and the rest of the world.

“In the UK, 200 public sector programmes across local authorities, National Health Service organisations, housing associations, social enterprises and charities are using transaction accounts powered by prepaid cards. These solutions are also being used to also distribute central welfare disbursements.”

ENDS

About PIF

The Prepaid International Forum (PIF) is the not-for-profit trade association representing the prepaid financial services sector. Driven by a belief that prepayment is a responsible way to pay for goods and services, and that consumers should be confident in the security of prepaid products and the money that is stored on their behalf, PIF advocates for policies and standards that enhance and protect the use of prepaid as a payment solution. The PIF membership represents every aspect of the prepaid value chain, from providers of prepaid products and services to card schemes, payment processors and a variety of other businesses aligned to the sector. For further information visit www.prepaidforum.org

For further information

Rick Hollister
PR Agency One
T: 0161 871 9140
E: rick@pragencyone.co.uk

Steve Leigh
PR Agency One
T: 0161 871 9140
M: 07734 805 499
E: steve@pragencyone.co.uk

James Crawford
PR Agency One
T: 0161 871 9140
M: 07793 441 686
E: james@pragencyone.co.uk

Global Processing Services supports Apple Pay for Issuers

LONDON, UK – September 7, 2017 – Global Processing Services (GPS), a leading payments processor, now supports Apple Pay using Mastercard Digital Enablement Service (MDES). Apple Pay is now available to all clients using the pioneering GPS Apex platform. Apple Pay is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.

MDES is a tokenisation solution that integrates with Programme Managers to offer Apple Pay to cardholders so they can make secure mobile payments in stores, in app and on the web using their iPhone, iPad or Apple Watch.

“Our clients are innovators who are keen to offer these services to their customers, so we’re delighted to be able to offer Apple Pay to our clients today,” said Suresh Vaghjiani, Managing Director, GPS. “Our platform supports quick, simple and secure payment options. The introduction of Apple Pay is just one of the transformational mobile payments solutions that is delivering a better experience for the end user.“

Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

“We have seen a surge in interest for mobile payments since Apple Pay entered the market,” continued Suresh.  “With MDES, we are future-proofing the GPS Apex platform by enabling us to easily add additional token requestors and offer a global standard that operates worldwide.”

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch.

Online shopping in apps and on websites accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. When paying for goods and services on the go in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro.

For more information on Apple Pay, visit: https://www.apple.com/uk/apple-pay/

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About Global Processing Services

GPS is the market leading processor for both established emerging payments companies and the most innovative fintech businesses; a PCI-DSS Level 1 Service Provider accredited globally by Visa and Mastercard, GPS offers a global solution with access to banking schemes such as BACS and SEPA. For more information visit www.globalprocessing.net

Contact for Media Enquiries:
Sarah Broughton

Marketing and Communications Consultant

SBroughton@globalprocessing.net

07890 463063

PIF Announces Keynote Interview for Eleventh Annual Summit

Suresh Vaghjiani of award-winning Global Processing Services to deliver Keynote Interview on The Fall and Rise of the FinTech Empire at the PIF Summit 2017  

London, 01 September 2017 – The Prepaid International Forum (PIF), the not-for-profit trade association representing the prepaid financial services sector, is delighted to announce further details for its annual Summit taking place on 20-21 September at Lainston House in Winchester.

The 2017 Keynote Interview will see Suresh Vaghjiani, global payments trailblazer and Managing Director of Global Processing Services, in conversation with industry pundits Robert Courtneidge and Siobhan Moore.

Drawing on a wealth of knowledge in global payments, Suresh will deliver a unique perspective on the current state of the FinTech sector. From the explosive growth of new FinTech entrants and their impact on prepaid market development to working with an abundance of new players whilst striving to bring more choice, greater security and better resilience to the sector.

Commenting ahead of the event, Suresh Vaghjiani said “Traditional banks have always had a monopoly on the services they offer and with this an arrogance to new entrants to the market.

“We are now seeing a shift in power for the first time in banking history where they simply cannot ignore the revolution that has started in their back yard”

Now in its eleventh year, the PIF Summit has become firmly established as a leading destination for high-level discussion and debate on the future for global prepaid. Attracting the attention of leading and emerging industry organisations the PIF Summit explores the prepaid trends, solutions and technology driving innovation in payments and analyses the impact of regulatory change.

Diane Brocklebank, Commercial Director of PIF said: “We are excited to announce the 2017 Keynote Interview with Suresh. As one of the most inspiring thought-leaders in payments, his experience and wisdom will challenge our thinking on FinTechs and the future for prepaid.”

Notes to Editors

About Suresh Vaghjiani:

Suresh is Managing Director of Global Processing Services, an award-winning processor for credit, debit and prepaid. GPS provides services to some of the largest FinTechs globally as well as providing services to ‘next generation banks’. The GPS platform is not only known for its flexibility but it is also ranked as the fastest growing processor in Europe.

Suresh brings a wealth of knowledge in global payments. In his former role as Head of Issuing at Paysafe Group PLC, Suresh successfully established the Issuing and newly formed Card Services division. Being a founding member of Kalixa Payments Group, in his role as Head of Kalixa Pay, Suresh worked with TfL to pilot some of the first contactless prepaid products to use on the London transport network. In 2011, he launched the first ever contactless wristwatch in the UK. This is in addition to being responsible for launching the first App controlled NFC solution for iPhone in Europe.

Suresh is also an elected advisory member of the Emerging Payments Association and project leader for the EPA’s project International Trade. In this capacity, Suresh has represented the UK government on a number of trade missions including Mexico, Canada and Serbia. He has also hosted a meeting with senior UK government ministers including the current Foreign Secretary of State Boris Johnson.

Suresh was recently selected to join the working group for the Payment Strategy Forum which will help shape changes in the payments industry that the FCA will make through the Payment Systems Regulator.

A solution driven innovator, with a track record of developing products and services that meet the customers’ current and future needs, Suresh is passionate about innovation and bringing the emerging payments sector to the main stream. He has a substantial understanding of electronic money, throughout its complete value chain from Issuing to Acquiring, with strategic knowledge on what works and does not work in various international markets. Suresh has been voted into the Payments Power 10 for the second year running, a top ten list of key influencers in the payments industry.  In 2017 Suresh became the first European in its 11-year history to be awarded the prestigious Industry achievement award by Paybefore magazine.

About the PIF Summit 2017:

Now in its eleventh year, the PIF Summit has become a leading destination for high-level discussion and debate on the hot topics in prepaid. It brings together leading industry organisations to discuss the future for the evolving prepaid sector from a business, innovation and regulatory perspective. Attendees will hear from industry pioneers, the businesses innovating for the future and the companies executing new approaches that are set to transform the way we pay and get paid.

The PIF Summit begins with the PIF annual reception and dinner on Wednesday, 20 September and concludes at 17:30 on Thursday, 22 September. The programme for PIF members begins with the AGM from 14:00 – 17:00 on 20 September.

Event sponsors include Global Processing Services (Headline Sponsor), One4all and Know Your Customer. Event partners include Paybefore and Bandwidth Recruitment.

For further information and to register, please visit: www.prepaidforum.org/pif-agm-summit-2017/

About PIF:

The Prepaid International Forum (PIF), is the not-for-profit trade association formed in 2007 to represent the prepaid financial services sector. Driven by a belief that consumers should be confident in the security of prepaid products and the money that is stored on their behalf, PIF advocates for policies and standards that protect and enhance the use of prepaid as a payment solution. Throughout its 11 year history, PIF has supported its member organisations and the growth of the sector to become a trusted and influential advocate for prepaid. For further information please visit www.prepaidforum.org

 

 

 

Payment Card Solutions (PCS) is granted authorisation as a Payment Institute (API)

Wednesday 30th August 2017 - Payment Card Solutions (PCS) is granted Authorised Payment Institute (API) status by the Financial Conduct Authority (FCA).

PCS services over 700 corporate customers, issuing hundreds of thousands of prepaid cards across Europe. This new status will enable it to further enhance its product set and expand operations by offering additional payment services under its own licence whilst expanding the core functionality contained within its in-house software platform.

“We will continue to maintain our excellent relationships with our e-money bin sponsorship partners and continue to grow the prepaid side of our business but this new status gives us increased access to the value chain and to offer additional payment services including bill payments to our wide ranging customer base. This is an exciting period of growth for PCS as our main products have grown by over 200% in the last year and we are looking to expand further in 2018. Obtaining FCA authorisation was a natural next step for PCS as many of the processes required have been in place for many years, however we would like to thank Neopay for their support in helping with the application” - Paul Swinton, CEO

PCS also recently joined industry body, the Prepaid International Forum (PIF) and will play its part in helping shape both prepaid and fintech for the future.

About Payment Card Solutions
PCS is the UK's most trusted prepaid payment card specialist, providing systems, compliance and customer services teams to operate some of the UK's most successful prepaid card programs.
Since our inception in 2006 we have grown to be one of the UK's most respected prepaid specialists. We combine industry knowledge and IT expertise to offer the best prepaid solutions in Europe. We have an open API and can help you integrate prepaid into your business.

PCS is now authorised by the Financial Conduct Authority as a Payments Institute under registration 777613.

eMerchantPay becomes Authorised Electronic Money Institution (EMI)

eMerchantPay achieves comprehensive corporate, financial and operational structures, practices, policies and procedures in accordance with the Electronic Money Regulations 2011.

London, August 4th, 2017eMerchantPay, a leading global payments service provider, is now registered as an Authorised Electronic Money Institution (EMI). This enables the company to further enhance its product offering through the development of new payment channels.

Online businesses will benefit from increased customer conversions with a host of payment services such as: payouts, eWallets, pre-paid cards and more, delivered as a one stop shop.

Continuing its involvement in the payments industry, eMerchantPay has also joined the Prepaid International Forum (PIF), helping shape the pre-paid landscape on behalf of its merchants and partners.

“The EMI license allows for the opportunity to develop new payments capabilities for our merchants who in turn will benefit from additional revenue streams. We continue to invest in our payments technology and look forward to working closely with PIF, providing a unified voice for the pre-paid sector.” – Jonas Reynisson, CEO.

About eMerchantPay

eMerchantPay is a leading online, mobile and POS payment service provider. We help e-commerce businesses of all sizes and sectors accept payments via multiple customer touch points. Designed to increase conversions, our offering includes robust payment processing technology, coupled with popular alternative payment methods and a range of acquiring services. eMerchantPay Limited is registered as an Authorised Electronic Money Institution (EMI) and has the FCA’s permission to issue electronic money (e-money) and provide payment services under registration number 900778.

About the FCA

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets.