Metavante Becomes First European Processor to Offer MasterCard® rePower™
16 Giugno 2009 - 8:00AM
Business Wire
Metavante Technologies Limited, one of Europe�s leading
providers of prepaid and debit card outsourcing, today announced
the first live implementation of MasterCard� rePower�, the
point-of-sale reload service for MasterCard� and Maestro� prepaid
cards in Europe. The announcement was made today at the Prepaid 09
Conference and Expo in London, sponsored in part by MasterCard and
Metavante.
MasterCard rePower leverages the extensive MasterCard merchant
infrastructure through its acquiring partners to deliver a European
network of top-up locations for prepaid MasterCard and Maestro
cards. Metavante has been working closely with MasterCard and will
be the first processor in Europe to complete the implementation
which will service Advanced Payment Solutions� (APS) range of
prepaid card programmes. A leading European prepaid card provider,
APS outsources the processing of all of its card programmes to
Metavante.
Speaking about the implementation, Rich Wagner, chief executive
officer of APS said, �We have been a processing customer of
Metavante since launch and are delighted with their ability to move
quickly to bring new products and services to market. MasterCard
rePower will make it quick and easy for our customers to top up
their prepaid cards.�
Commenting on the implementation, John Yeomans, president of
Metavante Technologies Limited said, �This is a major step forward
for the prepaid card industry. One of the most significant hurdles
for any issuer in providing customers with high utility prepaid
products is the provision of widely available reload points.
MasterCard rePower allows our card issuers and programme managers
to do just that, and the return on investment of their card
programmes is likely to improve as a result.�
Yeomans continued, �The implementation of MasterCard rePower is
yet another demonstration of the leading role we play in the
prepaid market. MasterCard rePower is the latest in a long line of
technology and service innovations that we have rolled out for the
benefit of our card issuers and programme managers and their
cardholders.�
About APS
Advanced Payment Solutions Ltd (APS) is a leading European
prepaid card (http://www.mycashplus.co.uk/) provider and employs
one of the most experienced prepaid card teams in the industry.
APS� primary offer is the cashplus prepaid Gold MasterCard�, a
personalised, embossed, Chip and PIN prepaid MasterCard card. Find
out more about APS at www.apsgroup.com.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a
critical economic link among financial institutions, businesses,
cardholders and merchants worldwide. As a franchisor, processor and
advisor, MasterCard develops and markets payment solutions,
processes approximately 21 billion transactions each year, and
provides industry-leading analysis and consulting services to
financial-institution customers and merchants. Powered by the
MasterCard Worldwide Network and through its family of brands,
including MasterCard�, Maestro� and Cirrus�, MasterCard serves
consumers and businesses in more than 210 countries and
territories. For more information go to www.mastercard.com.
About Metavante Technologies Limited
Metavante Technologies Limited
(www.metavantetechnologiesltd.com) is a leading European debit and
prepaid card payments processor. Providing both licenced processing
software and fully outsourced processing solutions, Metavante
Technologies Limited has clients in over 30 markets across the EMEA
region. On 10 January 2008 Metavante Technologies Limited, formerly
Nomad, was acquired by Metavante Technologies, Inc. (NYSE:MV), the
U.S.-based parent company of Metavante Corporation
(www.metavante.com). Metavante Corporation delivers banking and
payments technologies to approximately 8000 financial services
firms and businesses worldwide. Metavante products and services
drive account processing for deposit, loan and trust systems,
image-based and conventional cheque processing, electronic
presentment and payment, outsourcing and payment network solutions
including the NYCE Network, a leading U.S. ATM/PIN debit
network.
Metavante Technologies Limited is a
subsidiary of Metavante Corporation, which is the principal
subsidiary of Metavante Technologies, Inc. Metavante and NYCE are
registered trademarks of Metavante Corporation.
All other trademarks are the property of
their respective owners.
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