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. P&MM, the industry renowned marketing services company, will be launching eSpree under the umbrella of its existing Spree programme.
E-Spree is a prepaid virtual gift card run on the MasterCard® platform redeemable online, which businesses can use as part of their engagement programmes. Non cash awards can be delivered globally for Incentive, Recognition and promotions. This will enable recipients to instantly redeem their virtual card online without having to wait for a gift card or voucher to be sent or physically issued.
PrePay Solutions first began working with P&MM in 2007, and this new virtual programme is part of the long-standing relationship between the two companies that will contribute to a broad range of new technologies and solutions.
John Sylvester, Executive Director at P&MM, comments:
We are hugely excited to be at the forefront of yet another technological advance. Using virtual prepaid cards across our programmes will enable us to deliver instant, low cost, engaging awards as part of UK and International programmes.
Ray Brash, Managing Director and Chairman, PrePay Solutions, comments:
“This new project with P&MM shows our commitment to further expanding our range of digital products and solutions and underlines the increasing market trend for instant issue virtual cards that can be redeemed online within merchants mobile and ecommerce platforms. P&MM’s virtual card will satisfy this need perfectly, as it is extremely user-friendly and practical.
“Our successful partnership with P&MM is testament to both companies’ teams, processes and strategies and we are looking forward to working on the growth of this project together.”
PrePay Solutions is Europe’s leading prepaid services company. It is jointly owned by Edenred, the world leader in prepaid corporate services, and MasterCard Worldwide, Europe’s leading prepaid network. Drawing on more than 10 years experience and the combined strengths of its shareholders, PrePay Solutions delivers excellence in prepaid.
PrePay Solutions offers a range of payment services including Transaction Processing, eWallet provision, Compliance and Fraud Services, Supply Chain management, Customer Services, Marketing and Programme Design.
The company is present in 22 countries and provides services to more than 50 blue chip organisations. It has clients across the retail, corporate, online, mobile, travel, and financial sectors, and delivers prepaid solutions to some of the largest global brands.
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