Netspend and United Airlines Launch MileagePlus GO Visa Prepaid Card in U.S.

Netspend and United Airlines Launch MileagePlus GO Visa Prepaid Card in U.S.

MileagePlus GO Visa Prepaid Card will be the first prepaid card in the U.S. offering a consumer the opportunity to directly earn miles for qualifying purchases made with a prepaid card

AUSTIN, Texas, May 23, 2017 — Prepaid card provider Netspend, a TSYS Company (NYSE: TSS), and United Airlines (NYSE: UAL) announced the launch of the MileagePlus GO Visa Prepaid Card, the first prepaid card program in the U.S. offering a consumer the opportunity to directly earn miles for qualifying purchases made with a prepaid card.

The card will be available summer 2017 and will reward cardholder spending with award miles that can be redeemed through United’s MileagePlus loyalty program, consistently voted the world’s Best Frequent Flyer Program by Global Traveler magazine.

“The market for prepaid continues to expand. Our new MileagePlus GO Visa Prepaid Card will attract frequent flyers who may not know much about prepaid cards but have an affinity to United’s MileagePlus program and are looking for new ways to earn miles,” said Netspend president Chuck Harris. “We are also eager to offer the opportunity to earn airline miles to consumers who are looking for new financial solutions to help them manage their money. Several of our prepaid cards offer a loyalty component, but no other prepaid card in the U.S. offers the ability to directly earn miles through a major airline. We’re excited to reach out to this consumer with a great partner like United Airlines.”

"With the MileagePlus GO Visa Prepaid Card, we are providing another avenue for customers to earn MileagePlus miles,” said Praveen Sharma, vice president, Loyalty, at United. “Through MileagePlus, we offer customers a variety of ways to both earn and use their miles — from flights in United’s global network to once-in-a-lifetime experiences.”

Travelers will be able to order a MileagePlus GO Visa Prepaid Card online using their active MileagePlus account number. The new card will carry the Visa logo and will be issued by Republic Bank. The card account will be FDIC-insured on a pass through basis and offers electronic anytime alerts to help cardholders monitor spending. For more information about the MileagePlus GO Visa Prepaid Card, please visit

“By partnering with United and Netspend, Visa is helping broaden access to payments for more customers,” said David Josephs, head of North American debit and prepaid solutions at Visa. “Together, we are continuing to innovate and develop new payment products that meet evolving customer needs.”

General purpose reloadable prepaid cards allow consumers to access the benefits of digital commerce, enabling them to make payments in mobile applications or online and to withdraw cash from ATMs without opening a traditional bank account or credit card account. According to Mercator Advisory Group, the prepaid market has grown from less than $1 billion in 2003 to nearly $96.8 billion in 2015. The total dollar value loaded onto these prepaid cards is expected to reach $112 billion by 2018.

About Netspend, a TSYS Company
Netspend is the prepaid provider of choice to self-banked consumers and the brands that serve them. With a mission to empower consumers with the convenience, security and freedom to be self-banked, Netspend’s products have helped over 10 million consumers spend, budget and pay bills since 1999. Consumers can reload and find Netspend Prepaid Cards at convenient locations nationwide through Netspend’s extensive network of 130,000 reload points and more than 100,000 distributing locations and employers, including check cashers, convenience stores, grocers, pharmacies, insurance providers and tax preparers. Headquartered in Austin, Texas, Netspend is a wholly owned subsidiary of TSYS (NYSE: TSS). For more information, please visit

About United
United Airlines and United Express operate more than 4,500 flights a day to more than 335 airports across five continents. In 2016, United and United Express operated more than 1.6 million flights carrying more than 143 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C. United operates 737 mainline aircraft and the airline's United Express carriers operate 483 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 192 countries via 28 member airlines. For more information, visit, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol "UAL".


Adam Dawes
Netspend Communications

Cyle Mims
TSYS Media Relations

Shawn Roberts
TSYS Investor Relations

Prepaid Innovation Gets Fresh Attention

PIF Innovation Day: Fast-Growing Prepaid Market Offers Rewards, Risks

Source: Paybefore

New growth estimates for prepaid are encouraging to say the least, but providers gathering in London for the Prepaid International Forum’s annual Innovation Day said the industry must remain focused on compliance and the customer proposition to safeguard its success. An official with the PIF, a not-for-profit body representing the prepaid financial services sector, explains why.  Click here for the full article.

Prepaid International Forum announces eleventh AGM & Summit

The Prepaid International Forum (PIF), the not-for-profit trade body representing the prepaid financial services sector, has announced details of the PIF AGM and Summit 2017.

Now in its eleventh year, the event has become established as a leading destination for high-level networking, discussion and debate on the hot topics in global prepaid. It brings together leading industry organisations and key regulatory officials to discuss the future for this dynamic and evolving payment sector from a business innovation and regulatory perspective.

Attendees will hear from prepaid industry pioneers, the businesses innovating for the future and the companies executing new approaches that are transforming the way we pay.


Wednesday, 20 September
14:00-17:00 PIF AGM 2017 (members only)
19:00-22:30 PIF Annual Reception & Dinner

Thursday, 21 September
09:30-17:00 PIF Summit 2017


Since 2009, the AGM and annual conference has been held at retreats within an hour of central London. This year we are heading to Lainston House, a 17th century William and Mary country house just two miles outside the ancient Cathedral City of Winchester and just 55 minutes by train from central London.

PIF Members can attend the event free of charge (3 places per member organisation) and non-members can register online to take advantage of the early bird rate of £197.50 +VAT up to 30 July.

For further information on speaking at or sponsoring this event please contact


Prepaid International Forum announces third Innovation Day

The future of banking and new technology take centre stage for industry forum

The Prepaid International Forum (PIF) has announced the details of its annual Innovation Day on 11th May 2017 to be held in central London.

The event which is in its third year, was created to highlight how the latest innovations in the prepaid sector are fuelling its growth as an effective and fast-growing alternative to traditional financial services products.

The one day event provides an opportunity to hear from businesses who are leveraging the agility of prepaid technology to deliver products that offer consumers greater flexibility, better security and more choice.

Centre-stage on the day will be presentations from innovators in the financial services space showcasing how the prepaid industry is presenting very credible alternatives to services currently offered by high street banks, using innovation to better serve customers, particularly in the area of meeting the needs of specific groups of consumers.

Also highlighted during the day will be the latest technological advances, such as harnessing big data tools and the use of mobile apps to make prepaid services smarter and more valuable.

Confirmed guest speakers on the day include; Carlo Gualandri, CEO, Soldo, a multi-user family spending account, Will White, Operations Director, Loot, a digital-only spending account, Laurence Krieger, COO, Tide, a current account provider for small businesses, Jacob Claflin, Founder & CEO, Cambrist, an international foreign exchange card payment service, Melanie Maier, Team Lead Project Management Value Added Services, Wirecard AG, Brandon Trollip, Director of Digital Business Development, Mastercard and David Pope, Marketing Director of HooYu, a global identity confirmation service.

Alastair Graham, PIF spokesperson, comments, “Through the use of new technology, the prepaid industry has been able to continually innovate over the last 12 months, ensuring that consumer needs are met and in line with 21st century spending behaviour. This exciting movement offers both consumers and vendors more flexibility, allowing greater choice for all involved.”

The event will run from 9.30am to 5pm on 11th May at The Ned, London and has been designed for professionals in prepaid related industries who are responsible for product development, payments strategy and product sales and marketing.

The event is free of charge for PIF members (for up to three attendees) and £395 for non-members. People who are interested can register online or contact Diane Brocklebank via email or phone +44 (0) 7736 971986.

Sponsors of the event include Wirecard Card Solutions and HooYu

HooYu, is a global identity confirmation service that verifies the customers businesses struggle to approve with traditional processes, helping prepaid businesses stay secure. Offering a new approach to the age-old challenge of identity verification, HooYu enables prepaid businesses to reduce account opening abandonment and comply with AML regulations.

Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products.

Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).

For further information about Wirecard, please visit  or follow us on twitter @wirecard


Notes to Editors

About PIF

PIF is a global not-for-profit trade association established in 2007 to represent organisations involved in the supply of prepaid products and services. PIF acts as principal point of liaison between the industry and government agencies, regulators, consumer bodies and the media to promote the relevance and benefits of prepaid and e-money products.  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. PIF members represent issuers of prepaid and e-money products, card schemes, payment processors and suppliers of services to the industry. To learn more about PIF visit

For further information

Rick Hollister
PR Agency One
T: 0161 871 9140


Steve Leigh
PR Agency One
T: 0161 871 9140
M: 07734 805 499


James Crawford
PR Agency One
T: 0161 871 9140
M: 07793 441 686

W2 Global Data secures new co-investment

W2, a provider of SaaS, B2B software solutions and data services, has secured a series A investment. The investment is for growth capital to fund the expansion of its sales, marketing and technical capability in the UK and international markets.

W2 Global Data (W2), which provides a range of Software as a Service (SaaS) products for the Know Your Customer (KYC), Anti Money Laundering (AML) and fraud prevention due diligence markets, has received Mercia Fund Management’s largest ever Growth Fund investment and a substantial follow on investment from Finance Wales. The rest of the co-investment comes from existing shareholders and Thorium Technology Investors (TTI).

Since 2014, W2 has almost doubled its revenue every year and following this substantial funding round, it is now able to accelerate plans to expand the team, develop new products and extend its global reach.

W2 offers customers the ability to perform real-time identity verification and anti-money laundering checks against consumers and corporates during the process of opening an account.

The company targets firms in the regulated, government and business community across the globe, and is primarily focused on selling to the gaming, payments and foreign exchange markets on multi-year revenue contracts.

Cardiff based W2 was founded by CEO Warren Russell in 2011 after building significant experience in the anti-money laundering, fraud and identity verification markets.

Warren Russell, CEO of W2, said:

“W2 has grown from strength to strength in the last few years and this investment will allow our business to establish its position as a key world player in the field.  We have a rapidly growing customer base and we can support them with an expanding team, creating job opportunities in the local area and further afield.”

Julian Dennard, Investment Director at Mercia Fund Management, said:

“We are delighted to support W2 and back a management team which is highly experienced in in the anti-fraud sector and cloud-based software companies. SaaS technology is one of Mercia’s chosen areas of focus and so we are pleased to be able to support Warren and his team as they continue to scale.”

Richard Thompson, Senior Investment Executive at Finance Wales, said:

“We are delighted to co-invest with Mercia in this latest round to support Warren and his team in the next phase of their expansion. W2 has made impressive progress year-on-year since our initial investments, when they moved their headquarters to Cardiff. With this investment they are positioned to accelerate their growth as their customers address the increasing regulatory demands companies must now meet.”


PRESS CONTACTS: For further information contact -

Jen Lau – Marketing & PR Executive for Mercia Technologies PLC.
Tel: +44(0) 345 094 8886
Mob: 07940 938 488

Katy Horrocks – Marketing Director for Mercia Technologies PLC.
Tel: +44(0) 345 094 8886
Mob: 07725 218 579

PRESS CONTACTS: For further information about Mercia Technologies PLC contact -

Buchanan (Financial PR Advisers)

Bobby Morse, Victoria Hayns, Stephanie Watson
Tel: +44 (0)20 7466 5000

About Mercia Fund Management Ltd

Mercia Fund Management provides tax-efficient SEIS & EIS capital to early stage businesses, particularly those residing in the Midlands, the North of England and Scotland.

Mercia Fund Management is an FCA-authorised and regulated fund manager under FSMA (FRN: 524856).

Mercia Fund Management is a wholly owned subsidiary of Mercia Technologies PLC.

About W2 Global Data Solutions (W2)

W2 has been trading since 2011 as a trusted provider of SaaS, B2B software solutions and data services enabling organisations to achieve regulatory compliance in relation to KYC (Know Your Customer), combatting fraud, AML (Anti Money Laundering) protection and frictionless customer on-boarding.

Over 100 organisations around the world rely on data and/or services provided by W2 to meet their regulatory or risk management requirements, and W2 have partnered with some of the world’s largest data providers to ensure their customers get simple access to reliable information.

The unique W2 solutions require minimal implementation and simplify how organisations conduct regulatory customer due diligence on individuals, organisations, suppliers, staff, tenants and employees on an international scale.


Alexia Mei – Marketing & Support Manager for W2 Global Data (W2)
Tel: +44(0) 300 088 9542

About Finance Wales

Finance Wales was established by the Welsh Government in 2001 and provides commercial funding to small and medium-sized businesses throughout Wales to enable them to realise their potential for innovation and growth. The company is part of the Finance Wales Group and in 2015-16 the Group invested £63 million through 268 debt-equity investments in growing businesses.

The Finance Wales Group, one of the UK’s largest SME investors, has in excess of £1 billion of funds under management across all SME investment fund and the Help to Buy – Wales scheme.  The Group has invested more than £500 million through more than 4,079 investments.


Jayne Lutwyche
Tel: 029 2033 8128

Prepaid Industry is “Poised To Completely Replace Cheques For Canadian Businesses”

DCR Strategies Inc: With an annual decline in cheque use of 7 percent across the nation, Payments Canada predicts that, by 2020, virtually every business and government office in Canada will have switched from cheques to electronic payments, including prepaid.

Consumers, businesses, and the financial system are all migrating away from the outdated cheque-based system and choosing electronic payments–particularly prepaid–because of Canada’s stable regulatory environment and the benefits of prepaid compared with credit, debit and cash. Read the full article

PIF in the News: PIF Seeks Clarity, Exemptions as U.K. Moves toward PSD2

Paybefore: As the U.K. moves ahead with plans to implement the revised Payment Services Directive (PSD2), the Prepaid International Forum (PIF) has asked regulators for more clarification on certain aspects of how the framework will be applied in the country. In a response letter to HM Treasury’s February request for industry consultation on its PSD2 implementation plan, PIF expressed support for the government’s strategy.

The U.K.-based prepaid industry association also encouraged regulators to take advantage of certain exemptions in PSD2 to benefit U.K. payment services providers facing uncertainty during the ongoing Brexit process. (The U.K. will implement PSD2 by January 2018, despite its planned departure from the European Union.). Read the full article

PIF in the News: U.K. Makes Official Its Intent to Leave EU

Paybefore - 29 March 2017

A little after noon in Brussels March 29, a British ambassador delivered a letter to EU Council President Donald Trusk that set the wheels into motion for the U.K.’s exit from the EU. Today’s announcement makes official the results of the historic vote June 23, when 52 percent of voters in the U.K. stunned many around the world when they opted to leave, or “Brexit,” as it’s commonly called.The letter triggers Article 50, the legislation enabling a country to leave the union, of which the U.K. has been a member since 1973. The article provides a two-year period of negotiations to reach an agreement on the terms of the U.K.’s exit—and there’s much to be discussed. In addition to such topics as trade, financial regulations and immigration, a huge issue for the payments industry is how passporting will work because a large majority of European e-money issuers have licenses in the U.K. that they passport elsewhere.

The Prepaid International Forum (PIF), a trade association for the prepaid financial services sector, urged Prime Minister Theresa May and the U.K.’s Brexit negotiators to avoid any scenarios involving trade barriers to the financial markets, especially in the fintech sector, according to an announcement. Read the full article

PIF: ‘Frictionless’ Brexit Key to FinTech Sector’s Success in UK and EU

29 March 2017 - The Fintech sector has called for a ‘frictionless’ Brexit deal for its sector, highlighting how this is in the best interests of both the UK and the EU.

The Prepaid International Forum (PIF), the not-for-profit trade association for the prepaid financial services sector, is advising Theresa May and the UK’s Brexit negotiators, that a scenario where barriers to trade are strictly enforced in the financial markets, especially in the fast-growing financial technology sector, is a ‘no-win’ game.

PIF points to the key role that the UK currently plays in the EU’s FinTech sector, in particular the prepaid financial services sector which is estimated to be worth £65 billion annually across the EU and UK.

The trade group highlights the concentration of skills and expertise in the UK which is currently seen as the gateway to Europe for US and other international FinTech businesses.

Alastair Graham, spokesperson for PIF, says:

“The UK has become the European capital of FinTech because of the size of its domestic market, a concentration of a highly skilled workforce and high quality regulation that supports innovation and growth.

“Removing financial passporting to the EU, that currently allows UK based businesses to access Europe and vice versa, will harm both parties. 

“A pragmatic approach from both parties in the Brexit negotiation would not only protect jobs and the wider economy, but also ensure that the EU continues to benefit from the advances in innovative financial services and greater financial inclusion being driven by FinTech and prepaid sector businesses.”

PIF also believes that the UK should maintain the standardisation of regulatory standards post-Brexit.

Alastair Graham, spokesperson for PIF, continues:

“FinTech is an increasingly international sector, with the UK very much seen as a flag bearer of regulatory standards and consumer protection.  Maintaining this role will require keeping at least the minimum standard regulation applied in other territories, including the EU.

 “We call on the UK government to address passporting matters early on in the process to bring about clarity and safeguard business continuity.”


About PIF

The Prepaid International Forum (PIF) is a not-for-profit trade association representing the prepaid financial services sector. We believe that prepayment is a responsible way to pay for goods and services, and that consumers should be confident in the security of prepaid services and the money that is stored on their behalf.

Established in 2007 as a not-for-profit organisation, PIF works closely with industry, regulators, government departments, consumer bodies and the media to promote understanding of prepaid as well as providing support and education to proponents of prepaid worldwide. To learn more about PIF visit

For further information

Rick Hollister
PR Agency One
T: 0161 871 9140

Steve Leigh
PR Agency One
T: 0161 871 9141
M: 07734 805 499

James Crawford
PR Agency One
T: 0161 871 9141
M: 07793 441 686