Grass Roots: pure app now live – Prepaid Cardholder Services

pure app now live – Prepaid Cardholder Services

15th February 2013. The Card Services arm at performance improvement company Grass Roots has released a new app and mobile website for their pure prepaid debit card product. This app allows cardholders to access their account quickly and securely whilst on the go, using their smartphone.

pure is a prepaid debit card used by corporates to reward or incentivise their employees, channel partners or customers as part of an employee benefit, staff motivation, reward or incentive programme.  pure can be used at over 60 handpicked retailer chains from which cardholders earn rebates.   The pure app, currently Apple and Android compatible, enables the cardholder to view their balance, check their transactions, top-up their funds securely and find out at which retailers they can use their card. Free to download, the app can be found by searching for ‘Prepaid Cardholder Services’.

Julie White, Executive Board Member at Grass Roots commented: “With over 11 million smart phone users in the UK, the addition of the mobile app for pure card services makes this a truly versatile product, giving cardholders the freedom that is required in today’s mobile world.”

ENDS – Notes to Editors:

For more information on pure: www.grassroots.uk.com

GRASS ROOTS IN THE UK

  • Business services:  Card Services, Digital Marketing, Learning, Measurement, Loyalty, Reward, Recognition & Incentives, Events, Consumer Promotions.
  • Part of Grass Roots Group PLC, with offices in 15 countries.
  • Over 1000 clients. Over 700 employees.
  • Grass Roots UK listed in the 2007, 2008, 2009, 2010 and 2012 Sunday Times list of Best 100 companies to work for.
  • For further information visit www.grassroots.uk.com

Or contact:

Julie White at Grass Roots

TEL: 01442 829400, EMAIL: julie.white@grg.com

Yalamanchili Powers Payroll Card Service Provider OnePay’s Prepaid Visa Card

7 March 2013, London – Global payments solutions provider, Yalamanchili, today announces that its first European customer has gone live in the UK. Following its launch into Europe in 2012 and subsequent certification by Visa Europe, Yalamanchili has been selected by payroll card service provider, OnePay, to provide the payment processing capability behind its newly launched OnePay Prepaid Visa Card.

Asian-born Yalamanchili entered the European payments market in 2012, disrupting the market with a radical new approach to the delivery of card payment processing solutions. Its payment processing platform empowers retail banks, card programme managers and their clients with the tools and services needed to independently create and manage their own card products, reducing both costs and lead time to market.

UK-based OnePay specialises in the provision of payroll card solutions for employers and recruitment agencies. It provides a secure, simple and swift way for agencies and employers to pay their unbanked workers. OnePay has integrated Yalamanchili’s payment processing platform into its existing infrastructure, enabling it to pay salaries to registered cardholders.

Yalamanchili’s hosted platform has provided OnePay with additional functionality and flexibility when managing prepaid payments for its customers. In addition to delivering the payment processing platform, Yalamanchili has developed an online e-account facility for OnePay, which enables cardholders to benefit from services more commonly associated with a traditional bank account, such as checking account balances, retrieving statements, investigating transactions and locking cards. Yalamanchili has also provided an online facility for agents to manage both the load process on to the cards and background workflow automation, which saves time and lowers risk.

“We attracted a lot of attention when we moved into Europe in 2012, and we are delighted to see our first customer in the region go live.” comments Chris Ellis, President – Europe, Yalamanchili. “OnePay’s prepaid Visa solution perfectly illustrates what can be achieved when an organisation is empowered by our technology; it is freed to design a solution around the specific needs of cardholders, unrestrained by systems capabilities. OnePay has exciting plans for the continued advancement of its solution and we look forward to working with OnePay to enable it to bring enhanced products to market. This is the first in a series of announcements Yalamanchili will be making in the first half of 2013 as our first tranche of customers complete their final testing and launch their products into the market.”

Lee Hartley, Managing Director at OnePay, adds: “We needed a partner that not only met our processing needs, but also armed us with the capability to launch new products quickly and easily. Yalamanchili has given us just that, as well as the power to manage the refinement and extension of our product’s functionality in accordance with the changing needs of our cardholders.”

Raphaels Bank is the issuing bank sponsor behind OnePay’s Visa prepaid card. Andrew Downes, General Manager Cards at the Bank, adds: “Raphaels is delighted to be working with Yalamanchili and we are pleased to have supported the launch of such an innovative and effective prepaid card. Raphaels specialises in offering opportunities to companies that wish to launch prepaid card programmes in the UK and Europe and we look forward to further developing our relationship with Yalamanchili as it continues to grow in Europe.”

Yalamanchili provides a next generation backend portal to OnePay giving direct access to, and control over, product configuration down to individual card parameters in a controlled environment. This presents enhanced empowerment and offers unrivalled flexibility to Yalamanchili’s clients, allowing them to recognise and act upon trends in cardholder demand on the fly.

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 Paul Rogers or Kirsty Pearson at iseepr: paul@iseepr.co.uk / kirsty@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.

PIF Continues International Expansion with Launch of New Chapter for the Middle East

Inaugural Meeting to take place in Dubai on 18 February 2013

London, 04 February 2013 – International not-for-profit trade association Prepaid International Forum (PIF) has announced plans to expand its international presence with the launch of a regional Chapter for the Middle East.

Executives from PIF’s regional Chapter Patron, TSYS, have been working with the association’s central body to coordinate the Chapter launch. A pre-selected number of organisations have been invited to attend the inaugural meeting in February to consider the opportunities and challenges for prepaid in the Middle East and the role of PIF in helping to shape and drive the development of prepaid solutions across the region. Participating organisations will be given an opportunity to consider their own involvement in the Chapter as a founding member.

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.

"As an award-winning Prepaid Industry Partner in the Middle East Market, we are pleased to extend our support as Patron of the PIF Middle East chapter. We are committed to the development of prepaid and promoting the benefits it can bring to people’s lives as an alternative payment tool”, said Jaffar Agha-Jaffar, Managing Director of the Middle East, Africa and Pakistan, TSYS.

As in other markets, consumer and stakeholder awareness of prepaid as an alternative payment solution is fundamental to driving acceptance and adoption. A key role of PIF is to interact with government agencies, regulators, consumer bodies and the media to promote understanding of prepaid products and how they are used. It is anticipated that PIF Middle East will draw on the work of the central forum enabling members to take away valuable insights, best practices and business models for revenue-generating value propositions.

PIF Chairman Robert Courtneidge welcomed the launch of PIF Middle East. He said “The launch of PIF Middle East represents another important stage in PIF’s development. PIF has already proven the benefits of working together to share knowledge and experience and we look forward to collaborating with our colleagues in the Middle East to provide the desired impetus for market development”.

Representing the central forum at the Inaugural Meeting will be Robert Courtneidge, Chairman and Co-Founder of PIF and Global Head of Cards & Payments at Locke Lord LLP and Peter Sidenius, Director, Edgar, Dunn & Company and a member of the PIF Board of Directors.

-ENDS-

For more information please contact: diane.brocklebank@prepaidforum.org  T: + 44 (0) 7736 971986

Notes to Editors:

About PIF

Prepaid International Forum (PIF) is a not-for-profit trade association established in 2007 to represent the interests of all parties participating in the prepaid economy on a commercial basis.

PIF is dedicated to the progression of prepaid commerce around the world and acts as a principal point of liaison between the prepaid economy and government agencies, regulators, consumer bodies and the media. It is focused on the entire prepaid world and facilitates the development of cross-industry guidelines and codes of practice.

In all of its activities PIF aims to:

  • Provide an informed and unified voice for the cross-industry prepaid sector to speak to national and international government bodies, regulators, consumer bodies and the media;
  • Act as a catalyst for the creation of industry guidelines and codes of practice, and
  • Provide research and thought-leadership to participants in the prepaid economy

www.prepaidforum.org

About TSYS

At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief "People-Centered PaymentsSM." By putting people at the center of every decision we make, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.

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, is a Fortune 1000 company and was named one of the 2012 World's Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.

In 2012, TSYS was awarded the prestigious Industry Partner of the Year Award at The VRL Middle East Prepaid Awards in Dubai.

 

Yalamanchili Powers Saral Money, India’s National Public and Private Sector Prepaid Banking Service for the Financially Excluded

23 January 2013. Yalamanchili’s payments platform underpins financial services provision for tens of millions

23 January 2013, Chennai, India – Global payments solutions provider, Yalamanchili, today announces that its next generation payments platform is underpinning  Saral Money, India’s  recently announced national electronic payment service created by five of the country’s major banks, Visa and the Unique Identification Authority of India (UIDAI).

Saral Money has been developed in order to promote financial inclusion in India, by providing tens of millions of financially excluded individuals with a simplified way to receive government disbursements, send money, make purchases at point of sale terminals and transact at existing ATMs and selected micro ATMs.

Saral Money is a Visa Instant Account which will dramatically simplify the issuer’s know your customer process. This includes biometric cardholder authentication linking directly to the individual’s UIDAI-issued identification number, known as an Aadhaar, in order to fulfil the necessary assessment criteria.

The Yalamanchili next generation payments platform processes all transactions made via Saral Money accounts for Axis Bank, Indian Overseas Bank, ITZ Cash (HDFC Bank) and State Bank of India and provides an appropriately coordinated infrastructure to support the initiative.

“Thanks to the versatility of the underlying technologies, this initiative has been able to cut through the historical red tape and open up the banking system to millions of citizens across the country,” comments Ramakrishna Yalamanchili, Founder and CEO, Yalamanchili. “We are proud to provide a flexible and robust next generation payments platform, which is able to support government disbursements on a massive scale.”

Saral Money is the first national investment in developing a financial inclusion and payment ecosystem for India. The pioneering joint initiative combines Visa’s advanced network technology, the government’s reach and the banks’ extensive facilities to drive the Indian Government’s vision of empowering millions of Indians with a financial identity.

This unique payment solution initially targets specific regions and will support cash transfers for subsidies, scholarships and other government disbursements. The benefits to the consumer come from the ability to receive payments direct to Saral Money and use it to withdraw or remit those funds to family members. For the government, the system helps improve transparency and efficiency while driving the country’s electronic payment and financial inclusion agenda.

 -ENDS-

For further media information, please contact Paul Rogers or Kirsty Pearson at iseepr: paul@iseepr.co.uk / kirsty@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 inIndia 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.

PIF Publishes White Paper to Foster Understanding of Simplified Due Diligence (SDD) in Prepaid

23 November 2012. International trade association Prepaid International Forum (PIF) today announced that it has published a White Paper in response to concerns that certain types of prepaid products are facilitating financial crime and the purchase of age-restricted goods by minors. The paper, entitled ‘Simplified Due Diligence in Prepaid’, forms part of PIF’s drive to promote understanding, of prepaid products and how they operate, to regulators, consumer bodies and the media.

Produced in partnership with Neopay, the White Paper sets out to address the general misconception that prepaid products are increasing the risk of criminal activity in the financial services sector and enabling access to age-restricted and illegal goods by minors through the provision of anonymous products.

In a manner aimed at improving awareness of prepaid products and services the paper considers the meaning of anonymity in prepaid and the circumstances under which the legal requirement to conduct full customer due diligence can be removed. It provides examples and benefits of Simplified Due Diligence (SDD) and other regulatory exempt prepaid products but also considers the risk factors associated with these products. The paper outlines the controls that are used to manage the potential risks, the limits and restrictions in place and the regulatory structure that exists.

“When SDD is applied to prepaid products and services correctly, and with the appropriate controls in place, these products can provide significant benefits to consumers”, said Robert Courtneidge, Chairman of PIF. “SDD allows issuers of prepaid products to meet market need and demand and provide consumers with a range of secure payment options.   The concerns raised are taken very seriously by the industry which is striving for a balance – to provide a commercially viable service that provides consumers with choice and convenience and a system of rigorous checks that prevents misuse”.

 -ENDS-

For further information please contact Diane Brocklebank at E: diane.brocklebank@prepaidforum.org or T: +44 (0) 77369 71986

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Notes to Editors:

About PIF

Prepaid International Forum (PIF) is a not-for-profit trade association established in 2007 to represent the interests of all parties participating in the prepaid economy on a commercial basis.

PIF is dedicated to the progression of prepaid commerce around the world and acts as a principal point of liaison between the prepaid economy and government agencies, regulators, consumer bodies and the media. It is focused on the entire prepaid world and facilitates the development of cross-industry guidelines and codes of practice.

In all of its activities PIF aims to:

  • Provide an informed and unified voice for the cross-industry prepaid sector to speak to national and international government bodies, regulators, consumer bodies and the media;
  • Act as a catalyst for the creation of industry guidelines and codes of practice, and
  • Provide research and thought-leadership to participants in the prepaid economy

www.prepaidforum.org

About Neopay

Neopay is the market leader in delivering integrated compliance solutions to Electronic Money and Payment Institutions.

Neopay provide a full suite of regulatory compliance services; working with organisations to develop their compliance frameworks, ensuring successful authorisation processes, and providing maintenance of compliance structures.

Our approach is different. Your compliance framework needs to stem from your business, your operations and your priorities and risks. We partner with you, sharing our knowledge and expertise, to help you to develop comfortable solutions that offer best practice to your business.

www.neopay.co.uk

Global Payment Solutions Provider Yalamanchili Achieves Visa Europe Certification

15, November 2012 – Global payment solutions provider, Yalamanchili, has received Visa Europe certification, establishing the organisation as a validated service provider able to offer payment processing solutions to card issuers and programme managers operating on the Visa Europe payment scheme.

Following the company’s European launch in May, the certification received from Visa Europe is further confirmation of Yalamanchili’s service capabilities and compliments the Visa network certifications the company has long held in other regions around the world.

Chris Ellis, President – Europe, Yalamanchili, comments: “The certification from Visa Europe is a significant milestone in Yalamanchili’s development in the region and reaffirms to the market that Yalamanchili is a strong new player committed to delivering European payment processing solutions for the long term. I’m pleased to say that we are already in advanced discussions with a number of organisations regarding our processing solutions utilising the Visa Europe scheme.”

The certification, which delivers greater choice and flexibility for Yalamanchili’s clients, enables the organisation to provide fully outsourced Visa Europe compliant solutions including prepaid, debit, credit and commercial credit product offerings. Yalamanchili’s clients benefit from its strength in innovation together with its global capabilities and experience. These are the attributes which led to Yalamanchili becoming the first processor ever to offer the issuance of multiple currencies on a single FX card.

Yalamanchili provides retail banks, card programme managers and their corporate customers with the tools and services needed to create and manage their own card products liberated from the constraints of the legacy platform, traditional processor model. This approach dramatically reduces the cost and lead time required to bring a card product to market and places far greater control and product flexibility in the hands of both issuers and programme managers throughout the lifecycle of the product.

Yalamanchili’s payments processing solutions are in worldwide use across a wide range of sectors, including retail, banking, transit, corporate, government and healthcare.

-ENDS-

 For further media information, please contact Paul Rogers or Kirsty Pearson at iseepr: paul@iseepr.co.uk / kirsty@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.

TSYS Releases White Paper on the Convergence of Social Media and Payments in India and Southeast Asia

COLUMBUS, Ga., U.S., and MUMBAI, India, 18 Oct., 2012 — TSYS today announced the publication of a white paper, the third in its Emerging Market Perspective Series, titled ‘Convergence of Social Media and Payments in India and Southeast Asia.’ The whitepaper explores adoption levels of popular social networks across the South and Southeast Asia region and how their fast growth could influence consumer banking and retail payment preferences in the future.

Combining industry data with TSYS-sponsored market research, the paper explores how payment technologies are likely to evolve and converge with social media. It also highlights the four key challenges that lie ahead for financial institutions when navigating social media: risk of dis-intermediation, security and privacy concerns, regulation and interoperability. The paper concludes with outlining key areas that financial institutions need to consider as part of their strategic imperatives as market trends and consumer sentiment point to a growing convergence between social media and payments. Top considerations included establishing and maintaining an agnostic platform that supports new and emerging payments types and virtual currencies; effectively navigating present and future regulatory requirements; and ensuring platform stability, security and scalability, along with an ability to cost-effectively process low-value (micro) transactions.

"Payments and social media share a symbiotic relationship. They both need each other for long-term survival," said Amit Sethi, managing director of India and Southeast Asia, TSYS. “With the next generation of customers spending significantly more time on social-networking sites, there is a higher likelihood of them connecting, interacting — and transacting — within the social media framework. Social media poses significant challenges and opportunities for financial institutions, and now is the time for them to consider how to leverage this fast-growing, ubiquitous medium.”

This report is the third TSYS white paper prepared on the Indian and Southeast Asia market. Earlier whitepapers, also authored by Amit Sethi, were entitled ‘Four Imperatives to Accelerate Electronic Payment Adoption in India’ and ‘M-Payments and Prepaid Poised to Define Financial Institutions’ Delivery of Banking & Payment Services to Rural India.’

‘Convergence of Social Media and Payments in India and Southeast Asia’ is available for download at: www.tsys.com/socialmediaandpaymentswhitepaper.

TSYS’ 2011 whitepapers are also available for download at: www.tsys.com/indiaelectronicpaymentsmarketwhitepaper , and www.tsys.com/indiampaymentsandprepaidwhitepaper.

About TSYS At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief "People-Centered PaymentsSM." By putting people at the center of every decision we make, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.

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, is a Fortune 1000 company and was named one of the 2012 World's Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.

 

Contacts:

Cyle Mims TSYS Media Relations +1.706.644.3110 cylemims@tsys.com
Shawn Roberts TSYS Investor Relations +1.706.644.6081 shawnroberts@tsys.com
Amit Sethi TSYS International +91 120 4191002 AmitSethi@tsys.com
Sara Ruffell TSYS International +00357 22882600 sararuffell@tsys.com

Yalamanchili Payment Processing Platform Supports EZ-Link and M1 Prepaid MasterCard

11 October 2012 -  Global payment solutions provider, Yalamanchili, today announces that its next generation payments platform has been utilised by Singaporean prepaid card giant, EZ-Link to provide the payments processing capability behind the recently launched contactless M1 Prepaid MasterCard. The card, a co-branded collaboration between EZ-Link, MasterCard Worldwide and telecommunications provider M1 Limited (M1), a leading provider of mobile, broadband and fixed communications services in Singapore, is the first prepaid product in Singapore that integrates voice (telephony), global retail, and transportation contactless payments all in one card.

EZ-Link has integrated Yalamanchili’s payment processing platform into its existing infrastructure, enabling it to create and manage the development and launch of prepaid card products. Using Yalamanchili’s platform, EZ-Link has delivered programme management services to its telecommunications partner M1, resulting in the launch of the M1 Prepaid MasterCard. The innovative new card combines the convenience of three prepaid cards into one, enabling users to top up M1’s existing prepaid mobile M Card, make contactless payments for public transport and make every day purchases using the MasterCard payment facility.

Nicholas Lee, Chief Executive Officer at EZ-Link, comments: “Yalamanchili’s payment processing platform has supported EZ-Link’s prepaid business since April 2009. Its modular system provides EZ-Link’s prepaid team with backend access and more control over the payment process. It also reduces the time needed to bring our allied prepaid products to market. These enhancements enable EZ-Link to offer a wider variety of more sophisticated services to our customers, presenting us with new opportunities to generate revenues.”

Ramki Yalamanchili, Chief Executive and Founder of Yalamanchili, adds: “The M1 Prepaid MasterCard is EZ-Link’s first solution to be underpinned by Yalamanchili’s outsourced processing platform. Our intention for EZ-Link was always to empower the organisation to innovate beyond its current capabilities. Our platform enables organisations like EZ-Link to launch highly customised, self-serviced, prepaid programmes in a matter of days. This means our users are free from technical constraints and can focus on innovation and profitability in the prepaid solutions they deliver for their customers.”

Yalamanchili has been providing prepaid solutions to EZ-Link since April 2009 and supported the successful implementation and launch of the FEVO prepaid MasterCard®. Its payments processing solutions are in worldwide use across a wide range of sectors, including retail, banking, transit, corporate, government and healthcare.

-ENDS-

For further media information, please contact Paul Rogers or Kirsty Pearson at iseepr: paul@iseepr.co.uk / kirsty@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.

PIF Publishes White Paper to Promote Understanding of Prepaid

10 October 2012 - Prepaid International Forum (PIF) has produced a concise introduction to prepaid in its new White Paper, ‘Prepaid: Issues, Economics & Growth’. The paper forms part of PIF’s drive to promote understanding, of who issues prepaid products and how they are used, to regulators, consumer bodies and the media.

The paper has been produced in consultation with PIF members and other industry experts. It provides an overview of prepaid in selected markets with references to how prepaid products are used by consumers, government bodies and corporations and considers the drivers behind the various products. The paper also sets out the factors that are currently impacting prepaid business models, from potential increased competition to fraud and public scrutiny.  The paper begins by considering the latest definition of e-money within the context of prepaid and explains the rationale behind current e-money regulations.

For further information please contact:


Diane Brocklebank
Head of Member Relations
Prepaid International Forum (PIF)
T: + 44 (0) 7736 971986
E: diane.brocklebank@prepaidforum.org