FCA agrees to 18-month extension to SCA deadline
The UK’s Financial Conduct Authority (FCA) has today announced a plan for the phased implementation of Strong Customer Authentication under PSD2. The plan gives the UK a minimum 18-month extension…
PSR sets date for implementation of Confirmation of Payee
The Payment Systems Regulator (PSR) has set the implementation date for Confirmation of Payee (COP). Members of the UK’s six largest banking groups are required to fully implement CoP by…
PIF Quartely Member Meeting Highlights
July 2019: PIF members met at the Mastercard offices in Canary Wharf for updates on a selection of fintech hot topics, including the latest on Confirmation of Payee (CoP) and…
Inside PIF: Q&A with Declan Byrne, Group Director, One4all
PIF is proud to be governed by a member-elected Board of Directors, each lending their time and industry expertise to ensure PIF meets its objectives. This month, we spoke to…
allpay.cards Instrumental in Launch of New Amaiz Business Banking Service for Solopreneurs
Leading UK card manufacturer and bureau, allpay.cards has announced it is the card provider for the new Amaiz mobile business banking service for solopreneurs. Amaiz aims to help people free-up…
Inside PIF: Q&A with Kevin McAdam, VP Card Services & Global Strategy, Global Processing Services
In our latest instalment of ‘Inside PIF’, we asked PIF Board Member Kevin McAdam, Vice President Card Services & Global Strategy at Global Processing Services, to share his thoughts on…
Financial Conduct Authority to give firms extra time to implement Strong Customer Authentication under PSD2
The UK’s Financial Conduct Authority (FCA) has today published its response to the European Banking Authority (EBA) Opinion on Strong Customer Authentication. The EBA Opinion was published in response to…
PrePay Solutions partners with Amaiz
The new partnership will enable a simple, smart and secure mobile banking experience for thousands of UK businesses PrePay Solutions (PPS), subsidiary of Edenred, the global leader in payment solutions…
The Card & Payments Awards launch 2020 Call for Entries
This years’ search for the best of the best in cards and payments has begun as the Call for Entries for The Card & Payments Awards 2020 today launched with…
PIF member GPS joins consortium of leading tech-enablers to launch b.yond
The Paytech Pioneer Global Processing Services, has joined a consortium of leading tech-enablers to launch b.yond, a new financial innovation platform that will let banks and consumer-facing businesses rapidly deploy…
PIF responds to the UK Government’s consultation on the transposition of 5MLD
PIF has today submitted its response to HM Treasury’s consultation on the transposition of the Fifth Money Laundering Directive (5MLD). Due to be transposed into national law by 10 January…
Inside PIF: Q&A with Brian Lawlor, Director of Sales & Business Development, Wirecard Card Solutions
In the second instalment of our PIF Board Member Q&A series, we sat down with Brian Lawlor, Director of Sales and Business Development at Wirecard Card Solutions to find out…
Authorised Push Payment (APP) voluntary industry code comes into force
A new voluntary code, designed to improve protection for victims of Authorised Push Payment (APP) scams, has come into force today. The code has been developed by consumer groups and…
Prepaid Accounts: How your money is protected and what happens when something goes wrong
PIF is the not-for-profit industry body that represents providers of regulated prepaid accounts. Here we answer some frequently asked questions account holders have about the safety and security of prepaid…
PIF Q&A with Syed Kamall MEP (London) on tackling financial exclusion and preserving London’s status as a global fintech hub
Syed Kamall is a Conservative MEP for London and Co-Leader of the European Conservatives & Reformists (ECR) Group PIF: Prepaid technology is behind many fintech innovations and it is especially valuable…
The Chameleons in Companies House: New technology uncovers the 1 in 8 disqualified directors who are abusing the commercial register
Research by fraud investigation technology provider HooYu has identified loopholes at Companies House that enables individuals to register as a director, to run businesses and to enable fraud and money…
Confirmation of Payee: Payment Systems Regulator publishes follow-up consultation
The Payment Systems Regulator (PSR) has today published its follow-up consultation for Confirmation of Payee (CoP), an initiative that aims to further protect people from APP (Authorised Push Payment) scams…
FCA sets out next steps in promoting innovation in financial services
Christopher Woolard, FCA Executive Director for Strategy and Competition, has delivered a speech at the 2019 Innovate Finance Global Summit on the impact of the FCA’s work to promote innovation…
PIF Chairman & B4B Payments CEO featured as special guest on fintech podcast
B4B Payments CEO & PIF Chairman, Paul Swinton, recently featured on Fintech Unplugged, a leading podcast for the fintech industry. Paul joined hosts Robert Courtneidge from Moorwand and Suresh Vaghjiani…
UK Government seeking industry views on the transposition of the Fifth Money Laundering Directive
HM Treasury has today published its consultation on the implementation of the Fifth Money Laundering Directive (5MLD). 5MLD amends the Fourth Money Laundering Directive (4MLD) on the prevention of the…
PIF Board Member Q&A: Paul Swinton, CEO, B4B Payments
In this first instalment of our PIF Board Member Q&A series, we asked Paul Swinton, CEO of B4B Payments and Chairman of the PIF Board what he sees as the…
PIF announces Board appointments
London, 01 April 2019 – PIF, the not-for-profit industry body representing the prepaid fintech sector, has today announced its latest appointments to the PIF Board of Directors. Brian Lawlor, Director…
Greater London Authority renews Ambassador card programme with B4B
B4B Payments has extended its relationship with the Greater London Authority (GLA) and Team London to provide prepaid cards for its London Ambassador Programme. For the past five years the…
APP Scams Steering Group Agrees Voluntary Code
The Authorised Push Payment (APP) Scams Steering Group has agreed a voluntary Code of good practice which aims to reduce the occurrence of APP fraud and better protect customers. The…
Converging worlds of prepaid and fintech to take centre stage at fifth annual PIF Innovation Day
The fifth annual PIF Innovation Day returns to London on Thursday, 16 May to showcase the solutions, trends and technology fuelling innovation in payments. Sponsored by Wirecard Card Solutions, this…
PIF announces a call for candidates for election to the PIF Board of Directors
PIF, the not-for-profit industry body representing the prepaid sector, has today announced a call for nominations for election to the PIF Board of Directors. PIF is a member-governed organisation that…
New VAT rules on gift vouchers: What the new rules mean and the alternative
The introduction of new VAT rules on gift vouchers means that companies can no longer claim back VAT on gift cards purchased. This will prompt many companies to re-evaluate whether…
B4B wins Best Prepaid Product of the Year 2019
B4B Payments Corporate Expenditure Solution has been crowned winner of Best Prepaid Product of the Year at the Card & Payments Awards 2019 held at the Grosvenor House Hotel in…
Rise in innovative technology protecting consumers against prepaid card fraud
New research by Prepaid International Forum (PIF) reveals how innovative technology is making it easier for genuine customers to open prepaid accounts, whilst successfully preventing criminals from committing fraud and…
PIF in the News: Criminals and Terrorists on The Back Foot Thanks to Innovative Customer Identity Checks on E-Money, Prepaid and Fintech Financial Services
Fintech Finance: New research by Prepaid International Forum (PIF) reveals how innovative technology is successfully thwarting and discouraging criminals seeking to use e-money or prepaid financial services to launder money or commit…
NHS Wales utilises allpay’s Prepaid Card platform to disburse funds
NHS Wales utilise allpay’s Prepaid Card platform to disburse funds to eligible recipients for gluten free food purchases, giving choice and independence on their range of food and way of purchase…
New PIF Chairman Paul Swinton takes the reins
London, 14 January 2019 – PIF, the not for profit industry body representing the prepaid sector, has elected Paul Swinton, CEO & Founder of market leading fintech B4B Payments, as…
PIF in the news: “Customers happy to sign over access to their financial data to big tech firms”
Treasury Today: If banks think they have the monopoly on customer trust when it comes to handling financial data, this survey suggests they could soon face a serious challenge. Banks…
PIF in the news: The Times “Gift Cards present a problem”
The Times: Gift cards may be a simple solution to buying for tricky relatives, yet too often the cards lapse or the shop goes into administration before they can be…
Payment Systems Regulator responds to the interim Access to Cash Review
The UK Payment Systems Regulator (PSR) has responded to the interim Access to Cash Review “Is Britain Ready to Go Cashless”. In July 2018, the Access to Cash Review was…
FCA Publishes PSD2 Policy Statement
The UK’s Financial Conduct Authority (FCA) has today published its PSD2 Policy Statement setting out its final approach and guidance to implementing the Payment Services Directive 2017 (PSD2) and associated…
Paysafe: How 3DS Secure 2.0 will reshape card payment acceptance online
Peter Cornforth, Head of Product, UK Acquiring, Paysafe From April 2019 new rules are being introduced by the card schemes that mandate the adoption of 3D Secure 2.0, the new…
Savvy Shoppers Guide to Buying Gift Cards
Multi-store gift cards and those regulated by the EU’s E-Money directive mean shoppers can give gift cards worry-free GIFT CARDS have been a go-to Christmas present for many years, but with…
The “Changing Face of Prepaid” takes centre stage at Vendorcom Prepaid & Stored Value SIG
PIF, the not-for-profit industry voice for the prepaid and fintech sectors, has announced its involvement in the Vendorcom Prepaid & Stored Value SIG taking place in London today. PIF’s Commercial…
New Head of Policy and Chief Economist for the PSR
The Payment Systems Regulator’s (PSR) new Head of Policy, Chris Hemsley, started work this week. In addition, Matthew Cherry has also begun in his new role as the PSR’s Chief Economist.…
Fintech KYC technology report – how do you measure up?
In our recent report produced in association with HooYu, we shared insight into how the prepaid fintech sector approaches its commitment to KYC obligations. Join us on Monday, 10th December…
PSR publishes consultation on general directions for implementation of Confirmation of Payee
The Payment Systems Regulator (PSR) has today published its consultation on general directions for the implementation of Confirmation of Payee (CoP). The consultation considers whether regulatory intervention is needed to…
Criminals and terrorists on the back foot thanks to innovative customer identity checks on e-money, prepaid and fintech financial services
New research by PIF reveals how innovative technology is successfully thwarting and discouraging criminals seeking to use e-money or prepaid financial services to launder money or commit fraud. PIF, the…
Wirecard and Mastercard extend global card issuance to drive the cashless society
Wirecard: Prepaid cards are a bridge technology to innovative digital payment solutions Wirecard brings its expertise in digital financial technology to the new strategic partnership with Mastercard Prepaid Management Services…
Paysafe: How eCommerce SMBs are future-proofing their businesses in the wake of payments evolution
November 14, 2018 | Oscar Nieboer, Chief Marketing Officer, Paysafe: As the advent of ground-breaking technology drives the world of eCommerce to continually redesign itself, the pressure on small and…
B4B Payments shortlisted for “Best Prepaid Product of the Year” at Cards & Payments Awards 2019
B4B Payments has be named a finalist in the “Best Prepaid Product of the Year” category at the forthcoming Cards & Payments Awards 2019. The B4B Payments Corporate Expenditure Solution…
CashFlows appoints Onick Rahman to BIN Sponsorship team
CashFlows has appointed Onick Rahman to its growing BIN Sponsorship team as a BIN Sponsorship Specialist. Onick joins CashFlows from Paysafe, where he managed a number of high-profile client relationships…
Paysafe: The role of prepaid cards in tackling financial inclusion in Europe
Sara Rita, VP, Paysafe Issuing Europe, Paysafe: As paysafecard CEO Udo Muller discussed on our blog last month, there are currently 40 million European adults that are unbanked for a…
Leadership Boost for PIF as New Directors join the Board
Leading body for prepaid and fintech announces the appointment of two new directors London— 30 October 2018 — PIF, the not-for-profit industry body representing organisations in the high-growth prepaid and…
Lost in Transaction: The future of payments for SMBs
Paysafe has published the fourth edition of its Lost in Transaction report series, our research focuses on the small and medium business sector, and how these merchants plan to stay…
Paysafe White Paper: Will SCA RTS deliver the Open Banking we need?
Paysafe: With implementation of the Regulatory Technical Standards on Strong Customer Authentication less than 12 months away, is there a clear vision of what an API-enabled future of payments looks…
PrePay Solutions wins multiple awards at the Emerging Payments Awards 2018
Europe’s leading prepaid payment and digital banking services provider wows judges across the board and secures three award wins Prepay Solutions (PPS), Europe’s leading prepaid payment and digital banking services…
B4B Payments wins Best Charity Initiative at major industry awards
B4B Payments was named winner of the Best CSR or Charity Initiative category at the Emerging Payments Awards 2018 last night. “We are extremely proud to have won this award,’…
Global Processing Services appoints Kevin McAdam as Vice President of Card Services and Global Strategy
Global Processing Services (GPS), the issuer processor enabling next-generation payment technology for banks, non-banks and Fintechs, today announced the appointment of Kevin McAdam as VP Card Services and Global Strategy.…
Global Processing Services (GPS) strengthens its advisory and leadership team for its next phase of growth
GPS recently received investment of £44 million from private equity firm Dunedin to support the company’s next phase of the growth To support its expansion GPS announces several strategic appointments…
NBPCA: Collaboration and innovation with our partners across the pond
Brian Tate, President & CEO, Network Branded Prepaid Card Association (NBPCA): Last week I was very fortunate to attend the Prepaid International Forum (PIF) in the United Kingdom. I was…
Paysafe: How the growth of challenger banks has refocused consumer appetite for prepaid cards
September 18, 2018, Sara Rita, VP, Paysafe Issuing Europe One of the greatest shifts in financial services in the past five years has been the emergence of challenger banks. These…
PIF announces agenda for its twelfth AGM
The future for the high-growth prepaid and fintech sectors takes centre stage on 19-20 September 2018 PIF, the not-for-profit industry body representing the prepaid sector, has released details of its…
PIF in the News: UK’s appetite for innovation is driving a “Brexit-Proof” boom in fintech and prepaid
The UK’s passion for innovation means it is now seen as a global leader in the development of financial services that are powered by prepaid technology, according to data…
PIF: UK’s appetite for innovation is driving a “Brexit-Proof” boom in fintech and prepaid
The UK’s passion for innovation means it is now seen as a global leader in the development of financial services that are powered by prepaid technology, according to data released…
FCA announces creation of new Global Financial Innovation Network
07 August 2018: The Financial Conduct Authority (FCA) has today announced the creation of the Global Financial Innovation Network (GFIN), in collaboration with 11 regulators and related organisations. It builds…
Global Processing Services joins the Women in Finance Charter
July 2018, London: A further 68 companies have signed up to HM Treasury’s Women in Finance Charter, including Global Processing Services, J.P. Morgan, Bupa, Admiral Group, Equifax and Investec Asset Management taking…
PIF in the News: Building consumer trust is the biggest Open Banking challenge
Global Banking & Finance Review: Recent data indicates that only three of 10 British adults are willing to hand over access to their financial data to technology companies such as Apple,…
Proposed Gift Card Consumer Protection Legislation welcomed by PIF
In Ireland, moves are being made to strengthen consumer protection around the operation of gift products. These moves have been broadly welcomed by PIF, the European industry voice for regulated…
PIF in the News: European industry group for regulated prepaid card operators welcomes proposed new consumer legislation in Ireland
Irish Times: The European industry group for regulated prepaid card operators has welcomed proposed new consumer legislation in the Republic that would ban short-term expiry dates on gift cards and make…
Dunedin Invests In £44million Funding Of GPS In UK’S 3rd Largest Fintech Financing This Year
Investment will accelerate the growth of GPS and drive its international expansion plans GPS is the tech powerhouse behind the most exciting digital banks, challenger banks, fin-techs and financial institutions …
PIF Announces Board Appointments
London, 29 May 2018 – PIF, the not-for-profit industry body representing the prepaid sector, has today announced the appointment of three new members and the reappointment of two existing members…
Account management giant Sage and B4B Payments announce key strategic partnership
LONDON, May 21, 2018: B4B Payments, a leader in smart and flexible corporate expenditure solutions and Sage Spain, the multi-national accounting software and business services provider, have signed a strategic partnership to…
Fintech Unplugged unveils charter to showcase new fintech talent
LONDON, May 18, 2018: Fintech Unplugged, a podcast hosted by payment experts Robert Courtneidge and Suresh Vaghjiani, will be used as a platform to expose new talent in fintech and…
The Direct finance Card gives companies direct overview and control over all employee expenses in real-time
Employees across the whole company can use the Direct Card for business expenses anywhere in the world – including trips, instore and online purchases Direct Card can be used anywhere…
PIF: TSB Crisis Doubles the Number of Small Businesses Questioning the Value of Banks
16 May 2018 – As the latest crisis to hit the banking sector saw TSB’s business customers struggling to access accounts or even pay HMRC by the quarter’s VAT deadline,…
Will The Mobile Phone Replace Cash Within Five Years?
Majority of UK Consumers Expect Mobile to Become Main Tool for Making Payments The days of carrying cash are numbered according to a new study into the habits of UK…
SWAPX launches a travel money card that lets consumers ‘Swap and Spend’ in local currencies
Consumers can use their SWAPX card account to load funds in EUR and GBP and SWAP into the in-country currency at the ATM, or when they spend abroad SWAPX lets…
Consumers and businesses can now pay and transfer between multiple currencies using Mastercard ‘Flow Prepaid’ and ‘Echo Prepaid’
Flow Prepaid Mastercard© and Echo Prepaid Mastercard© have been developed with Mastercard©, in collaboration with Global Processing Services (GPS), an industry-leading issuer processor Both Flow Prepaid, the consumer payment card, and…
Finextra: European Central Bank seek to boost the security of Internet payments
The European Central Bank has issued a set of recommendations to promote the security of payments made over the Internet: http://www.finextra.com/News/Fullstory.aspx?newsitemid=23638
Optimism for a ‘Soft Brexit’ diminishing amongst financial sector leaders
58% expecting a ‘Hard’ Brexit Two thirds expect access to EU Markets to be negatively affected 75% reviewing options to move at least some operations out of UK Leaders of…
The convergence of prepaid and fintech takes centre stage at PIF Innovation Day 2018
PIF, the not-for-profit trade association representing the high-growth prepaid sector, has released details of its fourth annual Innovation Day and has announced Wirecard as the Headline Sponsor for 2018. The event will…
FinTech Unplugged LIVE @ PIF Innovation Day 2018
FinTech Unplugged, the irreverent and provocative podcast series that tackles the most difficult FinTech and payments topics will be recorded LIVE on stage at the PIF Innovation Day 2018. You can…
PSI-Pay and PerfectCard announce strategic collaboration
Tuesday, 15 March 2016 – PSI-Pay Ltd, one of the UK’s leading, regulated, FinTech companies and PerfectCard Ltd, Ireland’s first authorised eMoney institutions are pleased to announce plans to issue…
Mando, part of the leading global WPP communications group, launches the ‘Universal Card’
Universal Card will enable brands and companies to benefit from their own branded prepaid reward and incentive card for both their customers and employees The solution will be available both…
B4B Payments has been announced as the new name for Payment Card Solutions and Bread4Business.
The change is effective from 5 March 2018. The continued success of the business along with its recent achievement of API (Authorised Payment Institute) status by the Financial Conduct Authority…
New Podcast: Fintech Unplugged with Robert Courtneidge and Suresh Vaghjiani
Two of the most respected and outspoken leaders in the payments industry go head-to-head to answer difficult and controversial questions posed by the ‘BIN of Confusion’. Unscripted and unrehearsed, Fintech…
17 million Brits ready to pay with wearable devices
Overwhelming success of contactless cards peaks shopper demand for wearable payments February 22, 2018 – One quarter (26%) of British shoppers expect to start using “tap and go” contactless payments with…
A Third of Customers Ready to Trust Tech Companies with their Bank Account
Just under a third of UK adults (30%) would be happy to sign over access to their financial data to trusted tech companies such as Apple, Google or third-party apps…
PIF welcomes Compass Plus to membership
Another growth boost for PIF as innovative payment solutions provider joins the Prepaid International Forum London, 13 February 2018 – The Prepaid International Forum (PIF), the not-for-profit industry body representing…
PrePay Solutions Cracks Open New Partnership with Challenger Bank Coconut
The collaboration has created a full-service bank account that combines banking and accounting for freelancers, self-employed people and small businesses. 7th February 2018, London, UK – PrePay Solutions (PPS), Europe’s leading prepaid…
Their Perfect Gift Card issued by Wirecard wins the award for the Best Prepaid Card Programme
05 February 2018 – Their Perfect Gift Card issued by Wirecard has won the award for the Best Prepaid Card Programme. The award was announced at the 2018 Cards & Payments Awards…
Global Processing Services selected to be part of the UK Fintech delegation to Austria and Switzerland
Switzerland and Austria to host its annual UK Fintech Mission London, 5th February 2018: Her Majesty’s Swiss Government is delighted to announce the third UK Fintech Mission to Switzerland which,…
TSYS Appoints Kelley Knutson as President of Netspend
26 January 2018 – Today, TSYS, a leading global payments solutions provider across the issuing, merchant and prepaid industries announced it has appointed Kelley Knutson as Senior Executive Vice President of…
PIF in the News: Prepaid cards delivering dividends for councils
Local Government News – 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…
FinTech foes join forces to launch multi-currency payment solution UPayCard
Two #1 Payments Power 10 superheroes have come together to drive FinTech innovation and reduce the complexity involved with payment legislation. LONDON, January 15, 2018: International payments company Moorwand and leading…
CashFlows joins the Prepaid International Forum
Membership on the rise as PIF welcomes leading FinTech solutions provider London, 08 January 2018 – The Prepaid International Forum (PIF), the not-for-profit trade association representing the prepaid financial services…
Locke Lord Names Siobhan Moore Global Head of Cards and Payments Practice
(LONDON) January 4, 2018 – Locke Lord’s Siobhan Moore, an experienced cards and payments lawyer with a strong profile in the payments industry, has been named Global Head of the Firm’s…
Global Processing Services selected to accompany the Rt. Hon. Lord Mayor of the City of London on FinTech delegation to Australia and New Zealand
London, 5 January 2018 – The Prepaid International Forum (PIF), the not-for-profit trade association representing the prepaid financial services sector, is delighted to announce that Suresh Vaghjiani, Managing Director of Global Processing Services has been…
International Payments Business Moorwand Ltd appoints Robert Courtneidge as CEO
LONDON – January 4, 2018 – Robert Courtneidge has been named as CEO of international payments business Moorwand to drive the business into a new phase of growth. Robert will take on the role…
Paysafe scoops Best Customer Policy accolade from Forbes Bulgaria Business Awards 2017
Accolade follows a spate of recent award wins for Paysafe in employee engagement, product innovation and leadership SOFIA, BULGARIA, 21 December, 2017 – Paysafe Group Limited, a leading global payments provider, has completed the…
PIF in the news: “Friday will be biggest ever bonus day in UK”
Source: The HR Director: More people than ever before are expected to get an extra gift from their bosses by this Friday (22 December) as employers spend millions on festive bonuses…
In-demand workers can expect a very happy Christmas
Spending on festive rewards and Christmas parties rockets as bosses look to retain staff in 2018 Employers are working harder to keep staff happy this Christmas, spending millions on festive…
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…
allpay wins Best Prepaid Card Solution at the Payments Awards
15 November 2017 – allpay Limited took home the award for Best Prepaid Card Solution at the Payments Awards last night. In addition to the win, they were also runners up in the Best…
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…
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,…
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…
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…
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…
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…
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…
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…
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, 2017 – eMerchantPay, a leading global payments…
paysafecard launches cash based online payment solution to the United Arab Emirates
Providing alternative, secure and compliant payments for online purchases within region VIENNA, 31 July 2017 – paysafecard, a global leader in online prepaid payment methods and part of Paysafe Group plc, enters…
Battle of Britain’s Holiday Spending Heats Up
Source: Fintech Finance Firms seek to win over cost-conscious holidaymakers with money-saving solutions and incentives Rip-off deals and poor exchange rates are kick-starting a battle for the nation’s travel money this…
PIF Summer Networking Evening & Prepaid Masterclass
The Prepaid International Forum (PIF) will be holding its annual summer networking evening in London on Thursday, 20 July from 6:00pm onwards. To coincide with the event, PIF will also be running…
Battle of Britain’s Holiday Spending
Firms seek to win over cost-conscious holidaymakers with money-saving solutions and incentives Rip-off deals and poor exchange rates are kick-starting a battle for Britain’s consumers’ travel money this summer, with…
Mastercard, Western Union Designing Digital Solutions for Refugees
Source: Paybefore – Mastercard and Western Union have teamed up to help refugees around the world access goods, services and financial services within refugee settlements. Announced on June 20—World Refugee Day—the partnership will…
2017 Pay Awards Results Announced
Today, June 14, Paybefore reveals the Best-in-Category winners in 21 categories and the two recipients of its highest individual recognition, Industry Achievement, for the 2017 Pay Awards. The results are the combination of…
allpay extends PayPoint contract
UK bill issuers will continue to have access to the largest retail network as part of the suite of digital payment solutions offered by payment specialist allpay, following the group’s contract…
Wirecard collaborates with London-based FinTech Soldo to launch innovative Corporate App
Wirecard issues Corporate Expense Prepaid Mastercard as part of a real time account that includes an employee app and management dashboard Aschheim (Munich)/Newcastle. Wirecard Card Solutions (WDCS), a subsidiary of Wirecard AG,…
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…
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…
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…
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…
Wirecard selected as issuer for new PayFEX Prepaid Mastercard
18 April 2017 – Wirecard collaborates with Payment Card Solutions, AFEX and Global Processing Services to deliver a combined Payroll, Expenditure and Incentives solution for corporates. Read the full release
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,…
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…
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…
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…
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…
London’s shared service alliance of Hammersmith & Fulham, Kensington and Chelsea, and City of Westminster appoints Prepaid Financial Services (PFS) to manage its direct payments prepaid card programme
Prepaid Financial Services (PFS), has been appointed by shared service alliance of local authorities (Hammersmith and Fulham, Kensington and Chelsea, and City of Westminster) to manage a prepaid card programme for…
The evolution of contactless prepaid cards
PaymentEye: Kevin McAdam, Director of Prepaid at allpay Limited The speed and ease of online payments, as well as direct debits, has led to high expectations from those making a…
European Banking Authority (EBA) publishes its final draft Regulatory Technical Standards (RTS) on strong customer authentication
The European Banking Authority (EBA) has today published its final draft Regulatory Technical Standards (RTS) on strong customer authentication and common and secure communication. Read more
European Online Transaction Rule Revised after Payments Industry Complaints
Paybefore: After absorbing hundreds of complaints from the payments industry, the European Banking Authority will relax its pending customer authentication rules for online transactions. The new rule, which requires two-factor authentication, will…
Torbay and South Devon NHS Foundation Trust appoints PFS to manage its direct payments prepaid card programme
Prepaid Financial Services (PFS), has been appointed by Torbay and South Devon NHS Foundation Trust (TSDFT) to manage a prepaid card programme to distribute funds for social care and health budgets.…
Red Cross provide prepaid solution to support refugees
Global humanitarian and aid organisation, the International Federation of Red Cross and Red Crescent Societies (IFRC), has selected Prepaid Financial Services Limited (PFS) to provide a cashless management solution for refugees…
Wirecard selected as issuer for popular Bread4Scrap programme by Payment Card Solutions
Wirecard and Payment Card Solutions extend partnership with new collaboration Aschheim (Munich)/Newcastle. Wirecard Card Solutions, a subsidiary of Wirecard AG, collaborates with Payment Card Solutions (PCS) – a leading UK based…
Paysafe appoints Oscar Nieboer as Chief Marketing Officer
Former Amazon, PayPal and Betfair marketing chief joins Group’s exec team 7 February 2017 – London: Paysafe announces that Oscar Nieboer has been appointed as the Group’s first Chief Marketing Officer…
Raphaels Bank and Faster Payments recognised for Industry Achievement of the Year
Raphaels Bank and the Faster Payments Scheme have kicked off 2017 with a joint award in recognition of the successful project to become the first new participant of the UK’s…
PIF in the News: Top Regulatory Issues in the UK and EU
Paybefore, 01.02.2017 – As the U.S. payments industry looks forward to regulatory relief, experts from the Prepaid International Forum talk about regulatory threats and opportunities for e-money in the U.K. and EU.…
Raphaels Bank appoints Janet Johnston Head of Payment Services
Driving Forward New Innovations in Payments Building on its award-winning position in the payments sector, Raphaels Bank has confirmed the appointment of Janet Johnston as Head of Payment Services. Janet…
Paybefore 2017 Pay Awards: Call for Nominations
Paybefore, 4 January 2017: Don’t just say you’re the best in the industry—prove it. Showcase your latest innovations and brilliant people and earn international recognition as a Pay Awards winner. We are…
PIF in the News: Six quick and safe alternatives to sending Christmas cash in the post
YourMoney.com – 21.12.2016: Some say giving cash as a Christmas present may come across as a bit cold or without much thought, but it gives the receiver the chance to…
Payment Systems Regulator Responds to Which? Authorised Push Payment Super-Complaint
The Payment Systems Regulator (PSR) has today published its response to the Which? super-complaint about authorised push payment scams. Learn more
UK Retailers to Receive Record Post-Xmas Bonus from Gift Card Sales
£3bn of Gift Cards to be given as Xmas presents this year Retailers worried about their prospects in 2017 are to receive a welcome post-Christmas bonus thanks to a record year…
PIF in the News: ‘Give Christmas bonuses to junior workers not the bosses, businesses told’
Daily Mirror – 02 December 2016: Giving Christmas bonuses to workers on big salaries is a waste of money, according to new research. Instead they should go to lower paid…
PIF in the News: Prepaid International Forum Argues against European Plan for Online Authentication
28 November: Paybefore – The Prepaid International Forum has joined the chorus of criticism of a European plan for new online transaction authentications, following the lead of Visa and other payment industry participants. The trade group…
PIF in the News: EBA’s proposals on SCA might harm consumers and PSPs – PIF says
28 November 2016: The Paypers – The Prepaid International Forum (PIF) has joined pan-European initiative to express grave concerns with the European Banking Authority’s proposal to tighten customer authentication for online payments.…
Prepaid Financial Services (PFS) launches prepaid card programme for Samaritan’s Purse to provide financial support to refugees in Greece
London, November 29, 2016 – Prepaid Financial Services (PFS) a leading e-money institution that specialises in prepaid cards and alternative banking services, has today announced the launch of a programme for international…
PSR Payments Strategy Forum Publishes Final Strategy
29 November 2016 – The Payments Strategy Forum, a body of experts set up by the UK’s payment systems regulator, has today published its final strategy “for overhauling the current payment…
EBA’s proposals on Strong Customer Authentication under PSD2 will “have a wider and chilling effect on the Digital Single Market”
PIF joins pan-European initiative to express grave concerns with the European Banking Authority’s proposal to tighten customer authentication for online payments Latest EBA proposal introduces disproportionate security requirements to the…
PIF in the News: The Spectator Money Digest
The Spectator: As companies plan their Christmas bonuses, new research may cause a rethink of who should get a bit extra in their December pay packet. According to a study of…
allpay Limited produces first debit card for Starling Bank
allpay Limited, the UK’s leading payment specialist, has manufactured the first debit card for Starling Bank, the UK’s leading, fully-mobile challenger bank. Starling Bank approached allpay Limited to assist with…
Another Growth Boost for PIF as Mastercard and Neopay become Benefactors
Not-for-profit industry body reports surge in membership as prepaid sector evolves LONDON (8 November 2016) – The Prepaid International Forum (PIF), the not-for-profit trade association for the prepaid financial services sector, has…
Mastercard becomes a Benefactor of the Prepaid International Forum as Senior Executive joins PIF Board
Mastercard, a leading global payments and technology company has become a benefactor of the Prepaid International Forum (PIF), the not-for-profit trade association representing the prepaid financial services sector. At the…
Target Xmas Bonuses at Younger, Lower Paid Workers to Boost Productivity
PIF Report Suggests Big Xmas Bonuses for Directors and Managers a Waste of Money As companies plan their Christmas bonuses, new research may cause a rethink of who should get…
FFF Ltd collaborates with Wirecard, GPS and Bottomline Technologies to deliver state-of-the-art digital agency banking solutions in Great Britain
Aschheim (Munich)/Newcastle. Wirecard Card Solutions Ltd., a subsidiary of Wirecard AG, is now dealing with GPS (Global Processing Services) and Bottomline Technologies to support “U” – a digital agency banking solution…
Raphaels Bank Named Financial Services Institution of the Year for Second Year in a Row
21 October 2016 – Raphaels Bank, at the forefront of supporting the payments sector for more than a decade, has continued its successful run of Award wins. Last night it received…
Paysafe named Best Merchant Acquirer/Processor at 2016 Payments Awards
London, October 21, 2016: Paysafe, a leading global payments provider, has been named Best Merchant Acquirer/Processor at this year’s Payments Awards. The accolade was announced on October 20, 2016 at an…
Mastercard makes fingerprint and ‘selfie’ payment technology a reality
LONDON – October 4, 2016 – Mastercard today announced the European roll out of Identity Check Mobile, a new payment technology application that uses biometrics like fingerprints or facial recognition to…
Locke Lord Launches ‘Brexit for Business’ App
One of the first Brexit apps for the business community App features news, analysis and commentary on Brexit London 10 October: One of the first Brexit apps, enabling businesses to…
Innovation and the Impact of Regulatory Change take Centre Stage at the PIF Summit 2016
London, 13 September 2016 – In just over a week leading industry organisations will gather for the Prepaid International Forum (PIF) AGM & Summit 2016 taking place on 21-22 September at Pennyhill Park. Now…
Prepaid Financial Services (PFS) announces the creation of 50 new jobs
13 September 2016 – Alternative banking provider and financial technology specialist Prepaid Financial Services (PFS) today announces the creation of 50 new jobs in the UK, Ireland, and Malta following…
TSYS Names Karim Ahmad Head of Global Product and Innovation
Columbus, Ga, Aug. 22, 2016 – TSYS (NYSE: TSS) today announced that Karim Ahmad, a veteran of the financial services and consulting industries, has been named executive vice president of…
Raphaels Bank adds Apple Pay to Cash Passport Multi-currency card
First multi-currency prepaid card to use Apple Pay London, 16th August 2016 – A first of its kind, Raphaels Bank Payment Services, a niche payments bank now offers Apple Pay to the bank’s Cash Passport…
PIF Welcomes MasterCard to Membership as Industry Body Turns Ten
Trade association announces its latest new member as it celebrates 10 years supporting the evolution of prepaid London, August 10, 2016– The Prepaid International Forum (PIF), the not-for-profit trade association…
Families £400 Worse Off After Brexit Vote Increases Cost of Summer Spending
As Value of Holiday Pound Plummets consumers look to innovative ways to manage their holiday cash. British holidaymakers are starting to feel the effects of Brexit and weaker exchange rates…
PIF Responds to Proposed Amendments to the Fourth Anti-Money Laundering Directive (4AMLD)
Trade body calls on European Parliament and EU policy influencers to create a level playing field for online and offline payments and maintain the thresholds of the Customer Due Diligence…
‘Credit Crunch Kids’ Raised on Lessons in Financial Responsibility
60% of Parents Opening Accounts Aim to Teach Kids How to Manage a Budget Parents of credit crunch kids are doing their bit to learn from the mistakes of the…
TSYS Helps Payment Providers Identify Growth Strategies for Engaging Millennials
30 June 2016: As baby boomers who have long represented the majority of revenue for financial institutions approach retirement and begin to spend less, TSYS announces the launch of a…
Neopay Launches ‘Brexit Insurance’ To Calm Fears for UK’s E-Money Firms
1 July 2016 – Leading e-money and payments regulatory specialist Neopay has issued a press release regarding the potential regulatory implications of the UK’s decision to leave the European Union and how…
Brexit: PIF Calls on UK Government to Preserve Access to Single Market and ‘Passporting’
24 June 2016 – The Prepaid International Forum (PIF), the principal trade association for the prepaid financial services industry, has called on the UK government to protect UK-based financial services…
PSI-Pay and Kerv partner to release the world’s first contactless payment ring
Tuesday 7th June 2016 – PSI-Pay and Kerv Wearables have announced that they are partnering up to enable the world’s first contactless payment ring, to be released to the global…
Finnish Government appoints Prepaid Financial Services (PFS) to manage innovative cashless prepaid card solution for prisoners
The Finnish Government’s central purchasing body, Hansel Ltd, has, through a tendering procedure, selected Prepaid Financial Services (PFS) to manage its first prepaid card programme for the country’s Criminal Sanctions Agency (CSA), the…
PIF Board Members on Shortlist for Payments Power 10
24 May 2016 – Voting has commenced for the Payments Power 10 , an annual award to recognise the top ten contributors to the payments sector over the last twelve months. PIF Chairman Craig…
Digital Disruption Fuelling Innovation in Prepaid
Second Annual Industry Innovation Forum Meets to Share Expertise and Explore Opportunities for Growth The Prepaid International Forum (PIF), the not-for-profit trade body for the prepaid sector, has announced the details of…
Last Chance to Register for the PIF Innovation Day 2016
The registration deadline for the second annual PIF Innovation Day on Thursday, 12 May is rapidly approaching. Don’t miss out on this opportunity to network with industry colleagues, hear from a stellar line-up of…
Ethical Belgian cooperative society NewB selects Prepaid Financial Services (PFS) to provide first product
25 April 2016 – European e-money issuer, Prepaid Financial Services (PFS), has been selected to provide the first product line, a prepaid MasterCard®, to customers of innovative Belgian cooperative society,…
PIF Reports on The Future of Mobile Payments
14 April 2016 – Prepaid International Forum (PIF), the not-for-profit trade association for the prepaid industry, has today published its latest research report: The Future of Mobile Payments. Based on the…
Raphaels Bank Champions Open Access to Empower Payments Innovation
Direct Benefits: How Fintechs Can Leverage Open Access For Payments Innovation Raphaels Bank Payment Services, which has established an enviable reputation for payments innovation, has published a new white paper…
2016 Pay Awards Top Honors Revealed in New Orleans
21 March 2016 – Paybefore: 2016 Pay Awards Top Honors Revealed in New Orleans – Paybefore. The first day of All Payments Expo (APEX) went out with a bang (and a…
PIF ANNOUNCES BOARD APPOINTMENTS
9 March 2016 – The Prepaid International Forum (PIF), the not-for-profit trade association for the prepaid sector, this week welcomed four new members and the reappointment of three existing members to…
PSI-Pay Ltd announces its best financial year to date for 2015
Wednesday, 02 March 2016 – PSI-Pay Ltd, one of the UK’s leading regulated FinTech companies, is pleased to announce that 2015 has been its best year ever. PSI now has now completed…
Q&A: PIF TURNS 10
Source: Paybefore Q&A with Emily Baum, Prepaid International Forum Paybefore: Why is this an important year—aside from being a milestone year? What are PIF’s key priorities? Click here for the full article
RAPHAELS BANK TO JOIN FASTER PAYMENTS SCHEME
Bank is first to declare intention to join during 2016 New joiner is key milestone for Faster Payments Access Programme Raphaels Bank has become the first of several new financial…
PIF CHAIRMAN’S NEW YEAR MESSAGE
5 January, 2016 – As the new year begins I would like to take this opportunity to thank our members and industry colleagues for their confidence in our organisation and continued…
UK EMPLOYERS SPREAD FESTIVE CHEER BY DOUBLING BONUSES
Companies increasingly using prepaid cards to say thank you 07 December 2015 – Bosses are planning to thank workers after a successful 2015 by doubling the number of Christmas bonuses…
RAPHAELS BANK STREAMLINES EURO PAYMENTS THROUGH SEPA
16 November 2015 – Demonstrating its growing reputation for delivering innovative payment solutions, Raphaels Bank can now offer European transfers through the Bank’s indirect membership of The Single Euro Payments Area (SEPA).…
PREPAID LEADS THE DIGITAL REVOLUTION
Visa Europe: Imagine yourself in ten years time. Look back at how payments has evolved. What will be the stand-out change? What platform has made the difference? We think prepaid…
OPTIMAL PAYMENTS BECOMES PAYSAFE IN GAME-CHANGING GLOBAL REBRAND
London, Montreal, New York (November 10, 2015) – New brand identity, logo and website to reflect Paysafe’s visionary position in payment processing – Optimal Payments, one of the world’s leading…
MONEY IN ‘ALTERNATIVE’ CURRENT ACCOUNTS DOUBLES
Providers tap into the market of 9 million UK adults ‘failed’ by traditional banks More people in the UK are opting out of the traditional banking system according to research conducted by the…
RAPHAELS BANK LAUNCHES PAYMENT SERVICES DIVISION
Marking a decade leading innovations in the payments sector 2 November 2015 -In a move reflecting its role in the evolution of the payments sector over the past 10 years,…
PREPAY SOLUTIONS ONCE AGAIN NAMED AS LEADING PREPAID ORGANISATION AT EMERGING PAYMENTS AWARDS
16 October 2015 – PrePay Solutions has been named as the ‘Leading Prepaid Organisation’ at this year’s Emerging Payments Awards, an annual event that covers a variety of innovative payment…
PIF INDIA PREPARES FOR OCTOBER MEMBER MEETING
28 September 2015 – The Prepaid International Forum’s India Chapter is gearing up to discuss and debate the challenges and opportunities for prepaid market development in India. Members will convene in…
CHUCK HARRIS TO PRESENT KEYNOTE ADDRESS TO THE PIF FORUM IN LONDON
AUSTIN, Texas, September 17, 2015 – NetSpend, a TSYS® company, today announced that Chuck Harris, president, NetSpend, will deliver this year’s keynote address at the Prepaid International Forum (PIF) AGM…
PREPAID CARDS OFFER PEACE OF MIND FOR PARENTS AS THEIR KIDS SET OFF FOR UNIVERSITY
15 September 2015 – Many parents are bound to be worried about their children’s finances when they head off for university, but PrePay Solutions, the European leader for prepaid services, may…
PAYMENT SYSTEMS REGULATOR CONFIRMS MEMBERS OF PAYMENTS STRATEGY FORUM
11 September 2015 – The Payment Systems Regulator (PSR), regulator of the UK’s £75 trillion payment systems industry, has today confirmed the members of the new strategy-setting Payments Strategy Forum. Read…
PIF IN THE NEWS: ‘PRE-PAID GROUP CONDEMNS ‘ABUSIVE’ CHARGEBACK PROPOSALS’
20 August 2015 – Last month the Prepaid International Forum (PIF) published its position on separate moves being made by the UK and Irish Governments to strengthen consumer protection around the operation…
FLEXIBLE PREPAID WINS GROUND IN ‘FIRST ACCOUNTS’
14 August 2015 – Innovations in prepaid cards and mobile phones are beginning to erode the traditional monopoly of banks as the home of ‘first accounts’. According to new research, the…
LATEST SPEAKERS ANNOUNCED FOR PIF AGM & SUMMIT 2015
7 August 2015 – The Prepaid International Forum (PIF) AGM & Summit has become established as a leading destination for high-level networking, discussion and debate on the hot topics in…
PIF ANNOUNCES PROGRAMME MANAGEMENT WORKSHOP
30 July 2015 – In response to industry demand the Prepaid International Forum has created a one day training workshop for all interested parties and entrants to the prepaid industry.…
2015 PAYMENTS AWARDS SHORTLIST ANNOUNCED
23 July 2015 – 3rd Annual Payments Awards 2015 4 November 2015, London Marriott Hotel, Grosvenor Square The Payments Awards recognise cards and payments excellence and technology innovation. Winning entries…
UK PAYMENTS REGULATOR APPOINTS PAYMENTS STRATEGY FORUM CHAIR
15 July 2015 – The Payment Systems Regulator (PSR), the new economic regulator for UK payment systems, today announced the appointment of Ruth Evans as chair of the Payments Strategy…
NEW GIFT CARD CONSUMER PROTECTION LEGISLATION IS WELCOMED BY LEADING PREPAID CARD ASSOCATION
13 July 2015 – In Ireland and the UK separate moves are being made by Government to strengthen consumer protection around the operation of gift card products. These moves have…
PREPAY SOLUTIONS ANNOUNCED AS PAYMENTS AWARDS FINALIST
13 July 2015 – PrePay Solutions and its clients have been shortlisted for three awards at the Payments Awards 2015. PrePay Solutions has been selected for the shortlist of Best Merchant Acquirer/Processor,…
THE BUSINESS DEBATE: NAVIGATING EUROPE’S REGULATORY MAZE
July 2015 – PIF Chairman Craig James, CEO and Founder of Neopay is interviewed by The Times’ ‘The Business Debate’. Watch the interview
PIF SUMMIT 2015 KEYNOTE SPEAKER ANNOUNCED
3 July 2015 – The Prepaid International Forum (PIF) is delighted to announce that Chuck Harris, President of NetSpendwill deliver the keynote address at the PIF Summit 2015 on 24 September. Delegates will…
UK PAYMENTS REGULATOR PUBLISHES ‘CALL FOR INPUT’
24 June 2015 – The Payment Systems Regulator has today published a Call for Input. The UK payments regulator, which became operational on 1 April 2015, is seeking views from…
PIF ANNOUNCES NINTH ANNUAL SUMMIT
15 June 2015 – The Prepaid International Forum (PIF) has announced details of its 9th annual AGM and Summit to be held at Pennyhill Park in Surrey on 23-24 September 2015. Now in its…
PIF CHAIRMAN AND CO-FOUNDER IN ‘PAYMENTS POWER 10’
June 9, 2015 – Prepaid International Forum (PIF), the principal trade body for prepaid, today announced that PIF Chairman Craig James and Co-Founder Robert Courtneidge have been voted among the ten most…
PrePay Solutions’ technology recognised in 2015 Paybefore Awards Europe
8 June 2015 – PrePay Solutions, the European leader in prepaid services, has today announced that the Thomson Multi-Currency Travel Money MasterCard®, for which it provides the technology, was named as…
PIF ANNOUNCES INAUGURAL INNOVATION DAY
7 May 2015 – The Future of banking and new technology take centre stage for industry forum The Prepaid International Forum (PIF) has announced the details of its inaugural Innovation Day…
HOLIDAYMAKERS CASH-IN ON WEAK EURO
30 April 2015 – Savvy travellers ‘locking-in’ best exchange rates using prepaid travel cards Operators report a huge surge in year on year sales of Prepaid Travel Money Cards –…
PREPAID INTERNATIONAL FORUM ANNOUNCES NEW BOARD MEMBERS
9 April 2015 – The Prepaid International Forum (PIF), the not-for-profit body representing the prepaid industry, this week elected three new members to serve on the Board. Emily Baum of…
Brink’s and NetSpend Launch Brink’s Prepaid MasterCard
6 April 2015 – Brink’s Delivers Peace of Mind to Consumers Seeking Security, Stability and Convenience
Industry Body Eyes Opportunity for Prepaid as Enabler for Financial Inclusion in India
2 April 2015 – Industry body eyes opportunity for prepaid as enabler for financial inclusion in India An estimated 41%1 of the Indian population is un-banked 61%1 of un-banked live in rural…
6 Times a Prepaid Debit Card Is Better Than a Checking Account
30 March 2015 – Huffington Post 16/11/2014:
New Payment Systems Regulator puts customers and payments users at the heart of the £75 trillion UK payment systems industry
25 March 2015 -The Payment Systems Regulator (PSR), the new economic regulator for payment systems, today confirmed how it will regulate the industry from 1 April 2015. Read more
2015 THE YEAR OF THE ‘PREPAID ECONOMY’
25 March 2015 – POST-CRASH CONSUMERS SEEK SWITCH AWAY FROM CREDIT AND TO REDUCE ONLINE FRAUD RISKS 380% rise in selection of prepaid card products available to UK consumers 35%…
NetSpend: Thousands Voice Concern about CFPB Proposed Rule
24 March 2015 – In letter to CFPB, NetSpend joins cardholders in urging the bureau to reconsider harmful restrictions impacting millions of underbanked and unbanked Americas. Download the press release
Exciting future of prepaid in Latin America will be revealed at first dedicated Prepaid Workshop in Mexico City
19 February 2015 – With regional governments in Latin America increasing investment and many organisations planning to introduce prepaid card programmes, leading government, retail, transport and corporate executives, bankers, merchants,…
Canny shoppers spend £3bn buying vouchers and plastic for Christmas
18 January 2015 – To view the full article from the Mail on Sunday click here
Payment Systems Regulator completes leadership team with three senior appointments
14 January 2015 – To view the press release please click here
PrePay Solutions reveals top tips for using a prepaid travel card on holiday this Christmas
17 December 2014 – For groups of friends or families holidaying over the festive period, holiday budgets can be unnecessarily complicated. There are usually hotel, restaurant, and miscellaneous bills to…
GIFT CARDS SET TO BOOM AS UK PREPARES FOR A THRIFTY CHRISTMAS
8 December 2014 – More People Than Ever Before Are Expected To Give Gift Cards As Presents This Christmas – What Do You Need To Know When Buying Yours? Prepaid…
Payments Awards 2014 Winners Announced
24 November 2014 – Prepaid International Forum (PIF) was proud to support the Payments Awards 2014. To view the winners and for more information visit: http://www.payments-awards.com/awards/index.php
Payment Systems Regulator releases Consultation Paper: A new regulatory framework for payment systems in the UK
13 November 2014 – The Payment Systems Regulator today released its Consultation Paper: A new regulatory framework for payment systems in the UK. The paper sets out the new regulator’s proposed…
House of Fraser extends contract with PrePay Solutions
3 November 2014 – House of Fraser, the UK and Ireland’s premium department store group, has chosen to extend its existing partnership with PrePay Solutions, the European leader in prepaid…
PrePay Solutions wins multiple awards at the Emerging Payments Awards 2014
27 October 2014 – PrePay Solutions, Europe’s leading prepaid services company, has been confirmed by the Emerging Payments Awards as the Best Prepaid Service Provider UK, for the third year in…
Money20/20 Announces Launch of Money20/20Europe
21 October 2014 – Money20/20Europe Designed to be a Eurocentric Global Catalyst Enabling Payments & Financial Services Innovation for Connected Commerce. Download the full press release
NetSpend to Present at PayThink
14 October 2014 – AUSTIN, Texas – NetSpend, a TSYS® company, announced today that Patrick Brown, Senior Vice President and General Manager for Commercial Prepaid, and Romy Parzick, Head of…
PrePay Solutions launches virtual open-loop card initiative for P&MM
8 October 2014 – PrePay Solutions, the European leader in prepaid services, today announces that it will be providing the payment technology for P&MM’s virtual open-loop card, known as eSpree.…
Pay News: GPR Issuers See Positive Results from Adding Rewards, Incentives
24 September 2014 – The following article published by Paybefore further points to a covergence of traditional financial services and the prepaid sector. The initial entry of Amex to the sector pointed…
MasterCard White Paper: The Power of Prepaid
16 September 2014 – Paybefore report from MasterCard Europe’s Prepaid Conference in Budapest
Prepaid International Forum (PIF) AGM & Summit 2014: Two Weeks Left to Register
15 September 2014 – The Prepaid International Forum (PIF) Summit 2014 takes place on 30 September – 1 October at South Lodge Hotel in West Sussex. Now in its eighth year this…
ONE4ALL SHORTLISTED FOR TWO EMERGING PAYMENTS AWARDS
21 August 2014 – One4all is delighted to announce that it has been shortlisted as a finalist for two ‘Emerging Payments Awards’. The Emerging Payment Awards, incorporating Prepaid Awards, were created in…
Money 20/20 Announces the ‘Money20/20 Hackathon’
6 August 2014 – Money 20/20 Announces the ‘Money20/20 Hackathon’
Update on the Progress of PSD2 and the MIF Regulation Through the European Legislative Process
22 July 2014 – Locke Lord LLP has published an update on where the European Commission’s proposed second Payment Services Directive (PSD2) and Regulation on interchange fees for card-based payment…
Introduction to Prepaid Training Workshop
21 July 2014 – Prepaid International Forum (PIF) in reponse to strong industry demand has created a one day training workshop for PIF members and all interested parties. This highly…
TSYS Announces NetSpend Leadership Transition
14 July 2014 – TSYS Announces NetSpend Leadership Transition
4AMLD and Its Impact on the Prepaid Industry in Europe
21 May 2014 – Paybefore Viewpoint: 4AMLD and Its Impact on the Prepaid Industry in Europe – See more at: http://paybefore.com/op-ed/4amld-and-its-impact-on-the-prepaid-industry-in-europe/
ONLINE SHOPPERS FIGHT BACK AGAINST CREDIT FREEZE
12 May 2014 – Shoppers who are refused credit and bank accounts find a new way to pay Frozen out and unable to benefit from exclusive online deals, 3.5 million…
PIF Publishes Position Paper on the Draft of the 4th Anti-Money Laundering Directive
22 April 2014 – Prepaid International Forum warns that abolishing current monetary thresholds for Simplified Customer Due Diligence will stifle innovation, reduce competition and limit consumer choice International not-for-profit trade…
RAC chooses Grass Roots’ pure card
22 April 2014 – Motoring organisation the RAC has teamed up with Grass Roots, the world’s leading provider of employee and customer engagement solutions, to launch a promotion to attract…
Paybefore: PIF Comments on RBI’s Revised Prepaid Guidelines
17 April 2014 – The Reserve Bank of India recently published revised guidelines on the issuance and operation of prepaid payment instruments in India. PIF shared its perspective on the revised guidelines with…
How Prepaid Helps Deliver Personal Financial Success – i2c White Paper
16 April 2014 – i2c Inc has released a new White Paper: Budgeting: How Prepaid Helps Deliver Personal Financial Success
VIRTUAL PREPAID CARD LAUNCHED BY ONLINE CASH PAYMENT PROVIDER
15 April 2014 – A virtual prepaid card, launched by online cash payment provider Ukash, could help 34 million1 UK shoppers to stay out of their overdraft. The Ukash Prepaid MasterCard®…
Prepaid Cards Dominate Japan Cards & Payments Market, According to Timetric Report
03 April 2014, London, UK (PRWEB) – During 2009-2013, the number of prepaid cards in circulation in Japan increased from 139.3 million cards to 224.5 million cards From 2009 to…
MasterCard Reports 40% Growth in Prepaid Business across Asia/Pacific, Middle East & Africa for 2013
Cross Border and E-commerce Transactions Key Drivers for Growth China Presents Biggest Opportunity for Further Growth NEWS: #MasterCard reports strong growth for #Prepaid cards in #AsiaPacific, #MiddleEast & #Africa http://mstr.cd/1h24eSw Singapore,…
Grass Roots releases new pure card design to celebrate birthday
01 April 2014 – Grass Roots, the world’s leading provider of employee and customer engagement solutions, is celebrating 34 years serving hundreds of the biggest brands around the globe, with…
ecoPayz “ecoVirtualcard” launches to receptive UK market
18 March, 2014 – ecoPayz, a leading global payments solutions provider has announced the launch of its one-use payment card allowing consumers to securely pay for goods online and over the phone. The…
PIF webinar poll reveals government disbursements and remittances predicted to be a key driver of prepaid market growth
17 March, 2014 – International not-for-profit trade association, Prepaid International Forum (PIF) today announced highlights from the second in a series of two incisive webinars on prepaid market trends around…
PIF Webinar: Global Prepaid Market Trends Part 2
24 February 2014 – Presented by Peter Sidenius, a Director at Edgar, Dunn & Company and member of the PIF Board of Directors, this webinar was the second in a two part series…
Prepaid International Forum webinar to compare and contrast prepaid market trends in North America, Africa and Asia-Pacific
13 February, 2014 – International not-for-profit trade association, Prepaid International Forum (PIF) today announced the second in a series of two incisive webinars on prepaid market trends around the world.…
Prepaid International Forum elects Craig James, CEO of Neopay, as Chairman
10 February, 2014– International not-for-profit trade association, Prepaid International Forum (PIF) today announced the appointment of Craig James as Chairman of the PIF Board of Directors. Mr James succeeds Robert…
Prepaid International Forum elects Craig James, CEO of Neopay, as Chairman
10 February, 2014– International not-for-profit trade association, Prepaid International Forum (PIF) today announced the appointment of Craig James as Chairman of the PIF Board of Directors. Mr James succeeds Robert…
Prepaid Industry Trade Body to Meet in Dubai
02 February 2014 – International not-for-profit trade association, Prepaid International Forum (PIF), today announced programme highlights for its Middle East Chapter meeting at the Dusit Thani Dubai on Wednesday, 12…
Mulled wine, mistletoe and multi-channel gifting
13 December, 2013 – By Rachelle St Ledger, PrePay Solutions This year, as never before, retailers are looking to capitalise on the multichannel shopping environment to make the most of the…
PIF webinar poll shows remittances predicted to be a key driver of prepaid market growth in the Middle East
15 November, 2013 – Industry Trade Body Compares and Contrasts Prepaid Market Trends in Key Markets Prepaid International Forum webinar poll shows remittances predicted to be a key driver of prepaid…
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…
Reactions to the UK Government’s plans to open up the UK payments system
14 October, 2013 – The UK Government made public its plans to create a new payments regulator and the response to its consultation ‘Opening up UK payments’, on 9 October 2013. E-Finance…
Double Win for Raphaels Bank at Prepaid Awards 2013
03 October 2013 – Raphaels Bank, one of Britain’s oldest independent banks has won two awards at the prestigious Prepaid Awards at the Lancaster Hotel, London on 2nd October 2013.…
Double Win for Raphaels Bank at Prepaid Awards 2013
03 October 2013 – Raphaels Bank, one of Britain’s oldest independent banks has won two awards at the prestigious Prepaid Awards at the Lancaster Hotel, London on 2nd October 2013.…
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…
TSYS Executives to Participate at Money2020
01 October 2013 – TSYS Executives to Participate at Money2020
TSYS Signs Long-Term Acquiring Agreement with Anovia Payments, LLC
04 September 2013 – TSYS Signs Long-Term Acquiring Agreement with Anovia Payments, LLC
TSYS Announces Agreement with Discover to Support PayPal Payments
August 26, 2013 – TSYS Announces Agreement with Discover to Support PayPal Payments
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Founder of Yalamanchili Appointed to PIF Board of Directors
27 September 2012 – Ramki Yalamanchili, Founder and Chief Executive of global payment solutions provider, Yalamanchili, has been appointed to the Board of Directors at Prepaid International Forum (PIF), to…
PIF India Announces New Chairman and Executive Committee
07 September 2012 – Prepaid International Forum (PIF) today announced the appointment of Navtej Singh, Head of Direct Payment Products at HDFC Bank as Chairman of the forum’s India Chapter…
PIF Summit 2012: Latest Speakers Announced
Prepaid International Forum (PIF) is pleased to announce the latest list of confirmed speakers for the PIF Summit 2012 which will be held at South Lodge Hotel in West Sussex on 26-27…
Locke Lord’s Robert Courtneidge in Top Two of International Prepaid Top 10
(LONDON) June 12, 2012 – Locke Lord’s Global Head of Cards and Payments Robert Courtneidge, who recently was named Chairman of the Prepaid International Forum (PIF), has made the top…
BRC: Card Charging Ruling ‘Historic and Highly Significant’
A ruling that a decision outlawing charges levied on retailers by MasterCard should be upheld is being called ‘historic and highly significant’ by the British Retail Consortium (BRC). In 2007…
PIF Research Reveals a Maturing UK Prepaid Market
PIF research has revealed that the frequency of spend on consumer loaded cards has nearly doubled and that year-on-year average load values have grown nearly three times. It also noted…
Prepaid International Forum announces new Chairman and Board expansion
Prepaid International Forum (PIF) today announced that Robert Courtneidge, who will shortly join US law firm Locke Lord as Global Head of Cards & Payments, has been elected as Chairman…