Prepaid International Forum Announces Launch of PIF Middle East Chapter

10 November, 2013 - Industry trade body names Dr. Saleh I. Al-Furaih as its first PIF Middle East Chairman ahead of its launch.

International not-for-profit trade association Prepaid International Forum (PIF) today announced that the official launch meeting of its Middle East Chapter will take place on 14 November in Dubai and that founder members of the new chapter include Visa, Al Rajhi Bank and The Saudi Investment Bank. Dr Saleh I. Al-Furaih, Head of Consumer Asset Business at Al Rajhi Bank has been appointed as Chairman of the new chapter.

Launched under the patronage of TSYS, PIF Middle East aims to bring together the prepaid ecosystem in the region to educate and influence policymakers and consumers to remove misperceptions and grow understanding of prepaid payment solutions.

The Middle East is a key market for prepaid, with segments including mobile, payroll cards and general purpose cards poised for significant growth. The potential for prepaid continues to gather pace and the opportunity across different customer segments is vast. Among them is the opportunity for prepaid to be used as an alternative low-cost solution for servicing the region’s large expatriate community in place of traditional banking services. The rapidly emerging affluent segment is another key target for the expansion of innovative prepaid solutions. It is against this backdrop that PIF has decided to create a regional chapter for the region.

Dr Saleh I. Al-Furaih, Chairman of PIF Middle East, said, “The potential for prepaid in the Middle East is huge. New opportunities to position prepaid as sustainable payment solution in key segments such as youth and the unbanked are rapidly emerging, as is the potential for prepaid to enhance financial inclusion. To fully realise the potential for prepaid in the region the industry must work to educate and garner the support of regulators, end-users and the media. The launch of PIF in the Middle East represents an important step in building a prepaid community. As an influential guiding force for the industry PIF will provide a framework to help drive and shape the development of prepaid in the Middle East”.

The new PIF Middle East Chapter will address the key areas of interest to all involved in prepaid in the region through highly focused and interactive working groups covering the areas of consumer education, public relations and industry best practice. Through PIF members and directors in Europe and India and its connections with sister organisations in the US and Europe, PIF Middle East is committed to helping the industry overcome the challenges of launching and managing successful prepaid programmes

Malek Mroueh from TSYS and Co-Chairman of PIF Middle East , added, “We are really excited to be a continued part of the growth of the Prepaid International Forum (PIF) and  to see prepaid programmes being leveraged to their maximum advantage in the footsteps of the successful launches of the European and Indian PIF chapters that we have supported as Patron. We have been supporting prepaid cards since the mid-90’s and our recent acquisition of NetSpend in the US means we have the breadth and depth of experience that will be able to help support the development of the PIF objectives across all regions”.

The new chapter will become part of global network for industry thought-leadership. PIF Middle East members will have access to a range of member services and resources including white papers and industry guidance and informed perspective on key emerging global developments for prepaid.

PIF Chairman Robert Courtneidge welcomed the announcement. He said, “The global potential for prepaid continues to grow and the need for an international trade body that can encourage and stimulate growth has never been stronger. PIF warmly welcomes the founder members of PIF Middle East and looks forward to sharing and recommending best practices and codes of conduct for consumers, businesses and all organisations operating in the prepaid arena in the Middle East”.

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Notes to Editors

About PIF

Prepaid International Forum (PIF) is a global not-for-profit trade association established to represent the interests of all parties involved in the issuance of prepaid products and services. It acts as principal point of liaison between the industry and regulators, government agencies, consumer bodies and the media. PIF is dedicated to the progression of the industry and acts as a catalyst for the development of sensible industry guidelines and codes of best practice. To learn more visit www.prepaidforum.org

About TSYS (Regional Patron)

At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief "People-Centered Payments℠." By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend, a TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.

TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, and has been named one of the 2013 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website, for more please visit us at www.tsys.com.

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If you would like more information about PIF Middle East, please contact Diane Brocklebank on +44 (0) 7736 971986 or at diane.brocklebank@prepaidforum.org

Prepaid Awards and Emerging Payment Awards Winners 2013

02 October 2013, Lancaster London, UK

Prepaid Awards and Emerging Payment Awards Winners 2013

Emerging Payments Awards

01. Best Mobile Application (sponsored by Raphaels Bank)
Clutch

02. Best Wallet (sponsored by First Data)
O2 Money

03. Best Virtual Programme (sponsored by PrePay Solutions )
Ukash

04. Best Payment Technological Innovation (sponsored by Ixaris)
Turkcell Wallet

05. Leading Emerging Payments Service Provider (sponsored by Emerging Payments Exchange)
Global Identity Verification

06. Leading Emerging Payments Organisation (sponsored by Wave Crest)
PayLife Bank

07. Leading Emerging Payments Industry Contributor (sponsored by MasterCard)
iZettle

10. Best Digital Gifting Programme (sponsored by MPayMe)

11. Best Peer to Peer Programme (sponsored by FIS)
BBM Money by Monitise

13. Best Contactless Solution (sponsored by InComm)
Turkcell Wallet Contactless Life

Prepaid Awards UK

14. Best Prepaid Gift Programme UK (sponsored by Ukash)
Marks and Spencer Spring/Summer 2013 Gift Card Range

15. Best Prepaid Consumer Programme UK (sponsored by Incentive and Motivation)
Post Office Travel Money Card Plus

16. Best Prepaid Marketing Campaign UK (sponsored by PrePay Solutions)
One4all Text Santa Marketing Campaign

17. Best Prepaid Innovation UK (sponsored by epay)
CorporatePay Virtual Prepaid Card

18. Best Prepaid Service Provider UK (sponsored by Ceridian SVS)
PrePay Solutions

19. Leading Prepaid Organisation UK (sponsored by American Express)
Raphaels Bank

20. Best Use of Prepaid in Incentive Marketing UK (sponsored by Raphaels Bank)
Starbucks Card eGift Programme

21. Leading Prepaid Retailer UK (sponsored by American Express)
Debenhams Retail PLC

23. Best Prepaid Card or Packaging Design UK (sponsored by Gx)
Debenhams Beauty Giftcards

Global Prepaid Awards

24. Best Global Prepaid Gift Programme (sponsored by Payment Card Technologies)
Walmart Closed Loop Gift Card Program

25. Best Global Prepaid Consumer Programme (sponsored by FIS)
Real Time Automated Discount Management

26. Best Global Corporate/Government Prepaid Programme (sponsored by InComm)
City of Toronto Instant Issue City Services Benefits Program

27. Best Global Prepaid Innovation (sponsored by MasterCard)
ESSO Price Protection

28. Leading Global Prepaid Organisation (sponsored by Ukash)
Wirecard Card Solutions Ltd

29. Leading Global Prepaid Industry Contributor (sponsored by Ceridian SVS)
Mike Smith

30. Best Global Prepaid Card or Packaging Design (sponsored by First Data)
Tim Horton’s Roll Up The Rim PrePaid Card

Ukash Further Expands in the Netherlands with H@ND

Bringing Dutch consumers additional access to safe easy cash online payments

London, July 2013 - Ukash, the online cash payment provider, is further growing in the Netherlands and continuing its European expansion. E-Business solutions specialist, H@ND is the latest key partner to sign up in the country, giving Dutch shoppers access to Ukash vouchers.

H@ND provides a secure and reliable 24/7 online transaction processing service, including online solutions for web shops, self-service terminals, checkout and e-vouchering, as well as prepaid stations, gift cards and loyalty systems. Processing hundreds of thousands of transactions per week across the Netherlands, H@ND strengthens Ukash’s strategic position in this key market. The new solution will be available in 3,500 outlets nationwide.

David Hunter, Chief Executive Officer of Ukash explains, “Ukash offers an alternative to paying online by credit or debit card, allowing people to use cash without having to reveal their personal financial information. Through our partnership with H@ND we are offering Dutch consumers access to the convenience and security of Ukash across an additional thousand outlets nationwide.

“H@ND’s expertise in the e-value transaction market makes it the perfect partner for Ukash, as we grow in the Netherlands, providing more consumers with lots of ways to pay online.”

Theo Snijder, Chief Executive Officer of H@ND adds, “The growth of internet shopping and paid for online content, such as games and other services, means consumers are demanding more choice at the checkout. We already offer a range of prepaid payment methods and now Ukash allows us to deliver an online cash payment solution in the Netherlands that’s secure and convenient.”

Ukash codes are purchased with cash in retail outlets such as shops, petrol stations and kiosks. The unique 19 digit codes can then be used to pay directly on any of the thousands of websites that accept Ukash transactions worldwide, or loaded onto prepaid cards and e-wallets.

The maximum single value allowed is €250 and the maximum amount that can be held by an individual customer is €1,250. Both sums have equivalents in other currencies.

Pioneering the online payment market more than a decade ago, Ukash has grown to more than 460,000 physical points of purchase, and is available in more than 57 countries around the world over  6 continents.  It is regulated by the UK Financial Conduct Authority (FCA).

END

For further press information or interviews please contact the Ukash Press Office at HSL:  Wendy Harrison, Jenny Thorneywork or Clare Watson. +44 (0)20 8977 9132. ukashteam@harrisonsadler.com

Notes to Editors

Ukash is the Global e-Money Network and internationally recognised e-commerce cash payment method that enables consumers around the world to use cash to shop, pay and play online safely, securely and conveniently. This secure payment method was developed to protect personal identity and financial information when making online transactions, reducing the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers. Ukash has no age limit, so consumers of all ages can make the most of safe payment online.

Ukash codes are purchased with cash in retail outlets such as shops, petrol stations and kiosks, and issued online from the company’s website. The unique 19 digit codes can then be used to pay directly on any of the thousands of websites that accept Ukash transactions worldwide, or loaded onto prepaid cards and e-wallets.

Established in 2001 under the holding company Smart Voucher Ltd, Ukash® has grown to more than 460,000 physical points of purchase, and is available in more than 50 countries around the world in 6 continents.

Ukash is regulated by the UK Financial Conduct Authority (FCA). The maximum single value allowed is £200/€250 or equivalent in other currencies, and the maximum amount that can be held by an individual customer is £1,000/€1,250 or equivalent in other currencies.

Ukash chooses Limonetik to accelerate development of online cash services with France’s top 100 e-retailers

20 June 2013 - Ukash, the market-leading online cash service, has selected Limonetik to help accelerate its expansion in the French e-commerce market. Ukash can be purchased at more than 460,000 locations around the world (currently 57 countries), including more than 42,000 points of sale in France, enabling consumers to use cash to shop, pay and play online safely, securely and conveniently. By working with Limonetik, Ukash will be made available as a payment option on larger e-commerce sites instantly:

  • without having to connect to multiple payment platforms (PSP)
  • without heavy integration with back office merchants.

Developed to protect personal identity and financial information when making online transactions, reducing the threat of credit and debit card fraud for consumers, Ukash has no age limit, so consumers of all ages can make the most of safe payment online.  This makes it a valuable alternative payment method for online retailers who want to reach the widest possible audience.

"Through Limonetik, our growth into the French market will be much quicker,” explained David Hunter, CEO of Ukash. “The service will be live on ecommerce sites in just a few weeks, rather than taking up to two years to get the same result if we had to connect ourselves to each website or payment platform. This invaluable acceleration will allow us to be adopted by users more quickly and will support our retail partners, demonstrating strong return on investment within much shorter timescales."

About Limonetik:

Limonetik has developed a technology that transforms the cash flows in standard credit card payments, the use of which is compatible with all payment gateways (psp buyer) existing in Europe and already accepted by all major e-tailers. One connection Limonetik enough for any means of payment is instantly "compatible" with all the signs of the web.
Limonetik also allows these payment enrich payment pages quickly and easily with marketing tools and loyalty: loyalty points, vouchers, promotions, additional payment with a credit card, etc.

In June 2011, Limonetik completed a fundraising of € 5.1 million from two funds (Newfund and Orkos Capital), a family holding company (Financière Norbert Dentressangle) and prestigious players in e-commerce, electronic banking or finance. Among the main customers Limonetik: PayPal, Sodexo, The Edenred gift card, CACF, BNPP, Accord, Groupon, Smartbox, etc.

Some examples in the TOP 100 e-commerce sites: Cdiscount.com, Voyages-sncf.com Priceminister.com, Belambra.com, mistergooddeal.com, pixmania.com and the Ogone payment platform.

Limonetik press contact:

Anaïs Durand - adurand@linkincom.fr - 06 61 38 78 43

About Ukash

Ukash is the Global e-Money Network and internationally recognised e-commerce cash payment method that enables consumers around the world to use cash to shop, pay and play online safely, securely and conveniently. This secure payment method was developed to protect personal identity and financial information when making online transactions, reducing the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers. Ukash has no age limit, so consumers of all ages can make the most of safe payment online.

Ukash codes are purchased with cash in retail outlets such as shops, petrol stations and kiosks, and issued online from the company’s website. The unique 19 digit codes can then be used to pay directly on any of the thousands of websites that accept Ukash transactions worldwide, or loaded onto prepaid cards and e-wallets.

Established in 2001 under the holding company Smart Voucher Ltd, Ukash® has grown to more than 460,000 physical points of purchase, and is available in more than 50 countries around the world in 6 continents.

Ukash is regulated by the UK Financial Conduct Authority (FCA). The maximum single value allowed is £200/€250 and the maximum amount that can be held by an individual customer is £1,000/€1,250 – equivalent values in other currencies apply to both sums.

Ukash press contacts:

HSL:  Wendy Harrison, Jenny Thorneywork or Clare Watson.  +44(0) 208 977 9132. ukashteam@harrisonsadler.com

Vietin Bank and Yalamanchili Unlock International e-Commerce in Vietnam

Virtual prepaid card enables global online purchases for first time in Vietnam

20 June, 2013, London – Vietin Bank has chosen global payments solutions provider, Yalamanchili to provide the payment processing software behind its recently launched prepaid card, which, for the first time, enables consumers and businesses in Vietnam to make secure online purchases from any website that accepts Visa.

The virtual ‘E-Fast On Visa Prepaid Card’ has been developed to meet a growing demand from within Vietnam for a simple, secure and convenient way to pay for goods and services online from around the world. Visa and MasterCard penetration in Vietnam is low, meaning that online purchases from international websites are rarely possible. The ‘E-Fast On Visa Prepaid Card’, a one-time-load virtual card that can be purchased from the Vietin Bank website, answers this need. Consumers purchase the virtual card online using their existing credit or debit card, load it with their desired amount and can then make secure purchases via international websites, up to the value of the card.

Vietin Bank has integrated Yalamanchili’s payment processing platform into its existing infrastructure, enabling it to create and manage the product. The Yalamanchili platform allows Vietin Bank to debit any bank account that is supported by OnePay, an online payments and financial transaction processor, which provides the payment gateway for upwards of 15 banks in Vietnam.  Vietin Bank’s virtual prepaid card is therefore available to a large percentage of the banking population in the country. Yalamanchili provides a next generation backend portal to Vietin Bank giving direct access to, and control over, product configuration down to individual card parameters in a controlled environment.

Ramkumar Sekar, President South East Asia & India Sub-Continent, at Yalamanchili, comments: “Prepaid is a key growth area for Asia with virtual and automated prepaid cards already helping businesses in the region with corporate travel and expenses management. We are proud that the Yalamanchili payment processing platform has enabled Vietin Bank to launch this virtual card which is opening up the world of e-commerce to both consumers and businesses in Vietnam.”

Yalamanchili’s payments processing solutions are in worldwide use across a wide range of sectors, including retail, banking, transit, corporate, telco, government and healthcare, bringing scalability, flexibility and support to emerging payments.

-ENDS-

For further media information, please contact Kirsty Pearson or Lucie Wild at iseepr: kirsty@iseepr.co.uk / lucie@iseepr.co.uk or on + 44 (0) 1943 468007

Notes to editors

About Yalamanchili

Yalamanchili (www.yalamanchili.co.uk) is a leading provider of next generation customised, flexible, scalable and innovative banking and payment technology solutions. Founded in India in 1998, the company has expanded its services and now offers solutions for more than 100 clients around the world.

Focused in the retail banking area, Yalamanchili’s solutions enhance prepaid, debit, credit and commercial card issuing, acquiring, transaction processing and customer service delivery, via a fully-outsourced white-labelled service or a licensed software solution.

Yalamanchili has a world-class, parameter-driven issuing, acquiring and switching solution, which allows its clients to differentiate themselves from their competitors by reducing time to market for card payment products and addressing the growing demand for greater customer-centricity in the retail payments world.