The Prepaid Press - September 15, 2008 - (Page 22)

PAYMENTS September 15 · 2008 - 22 NETELLER and TransSend to Offer Cards New Products Include MasterCard Branded Prepaid Cards UNITED KINGDOM (August 27, 2008) NETELLER Plc (LSE: NLR) will partner with TransSend Payment Services to provide Net+ MasterCard Prepaid Cards to its e-wallet customers. Through this partnership, NETELLER will begin providing its e-wallet users with the opportunity to add Net+ cards to their account. The Net+ prepaid cards will be available by early October 2008 when NETELLER e-wallet consumers can sign up for two new products: • A virtual Net+ MasterCard card for use online. The virtual card application generates a single use, unique 16 digit card number and populates the checkout page with full payment details for the user. The Net+ virtual card offers the convenience of paying online (everywhere where MasterCard is accepted). The Net+ Virtual Card will be part of the NETELLER Desktop which will also enable NETELLER e-wallet users to view the balance on their e-wallet account without visiting the main NETELLER site. • A physical Net+ MasterCard card to access funds within their e-wallet at points-of-sale or by withdrawing cash at ATMs. The card will be Island Print usable at 27.3 million Ad.pdf 9/5/2008 7:11:18 locations, including 1.9 million ATMs, worldwide where MasterCard is accepted. Ron Martin, President & Chief Executive Officer of the NETELLER Group, said: “This is another important milestone for NETELLER and demonstrates further evidence of the Group delivering on its strategy. The anticipated launch of the Net+ prepaid cards will provide our consumers with a more effective and cost-efficient way to withdraw and utilise funds in their e-wallets. We look forward to working with TransSend to maximize our opportunities together.” Richard Jones, CEO of TransSend, said: “NETELLER’s position as a leading provider of innovative payment solutions and their widespread customer base in both gaming and non-gaming markets made them an attractive partner for us. We fully expect that this partnership will generate one of the leading prepaid card programs in the market today and are excited about the opportunities we see within NETELLER’s card-based strategy for further developments.” PM Payments in Brief A new debit card designed specifically for cab rides home after a night of drinking is available this year to Florida Atlantic University students. Called University Cab Cash, the card works like many other prepaid college programs where parents, or students, put a specific amount of money on the card, which is then swiped or recorded by participating local taxi companies. Each swipe includes cab fare and a tip so that the student doesn’t have to dig up cash at 2 a.m. for a safe ride home. “Being in college, you go to parties, and I saw people leaving parties and getting into cars that they shouldn’t be driving,” said 25-year-old Jupiter resident Jason Willoughby, who created University Cab Cash and serves as president. Source: Palm Beach Post www.palmbeachpost.com health-related benefits accounts such as Flexible Spending Accounts, (FSAs), Health Reimbursement Accounts, (HRAs), and Health Savings Accounts, (HSAs). By providing the Benny benefits card, Sentinel Financial Group says its clients will enjoy a cost-effective, convenient and more satisfying experience, as well as less paperwork. Sentinel Group – www.sentinelgroup.com Evolution Benefits – www.evolutionbenefits.com Source: NETELLER Plc (www.neteller.com) Financial services provider, Sentinel Financial Group, and Evolution Benefits, Inc., provider of electronic payment solutions to the employee benefits market, have partnered. Evolution Benefits will provide advanced debit card services to Sentinel Financial Group’s employee benefits program clients. The Evolution Benefits Benny prepaid benefits card applies advanced payment and patented auto-substantiation technologies to India’s yES Bank and J.P. Morgan will collaborate for yES Bank to offer Visa US$ prepaid travel cards to its customers. Through this arrangement, yES Bank will offer yES Bank-branded Visa US$ prepaid travel card to its customers, using J.P. Morgan’s expertise in prepaid card solutions. Hosted on J.P. Morgan’s proprietary technology platform, the card is an lternative to traditional foreign currency and travellers’ cheques. yES plans to sell the travel cards through its 101 branches in India. The card provides customers with added security and convenience to make a purchase when traveling. In addition, the card can be used outside of India, Nepal and Bhutan to withdraw cash in local currency at ATMs displaying Visa marks. J.P. Morgan – www.jpmorganchase.com Giving Tree has launched its Visa GiveCard Incentives Program, giving companies a way to motivate, retain, and recognize valued employees, incentivize business partners, and strengthen goodwill with its community. Companies add cash value and any donation value to a prepaid Visa gift card. When activated on the Giving Tree website, gift card recipients choose from over 1.5 million nonprofits to make their online donation. Then, they spend the cash value anywhere Visa debit cards are accepted. Because GiveCard recipient’s get to buy what they want and donate to causes they care about, Giving Tree says the reward is more meaningful, memorable and relevant. Giving Tree – www.givingtreelife.com C M Y CM MY CY CMY K Versatile Card Technology (VCT), a provider secure credit card manufacturing, announced today that it has received the Card Quality Management (CQM) Certification from MasterCard after completing a successful MasterCard audit. The CQM audit is the final step in VCT being certified by MasterCard on their new production line for contact, contactless, and dual-interface EMV enabled smart cards. By obtaining this certification, VCT has earned CQM labels for the manufacturing of card bodies, chip embedding, and contactless cards, and VCT’s new EMV production line is ready for business. MasterCard - www.mastercard.com VCT - www.vct.com Giesecke & Devrient (G&D) and ViVOtech, two providers of NFC technology, have announced that their respective technologies are interoperable following successfully concluded testing between their NFC products. Now applications stored on NFC-enabled SIM cards made by G&D can be managed through NFC over-the-air (OTA) provisioning server software developed by ViVOtech. The G&D and ViVOtech interoperable solution enables OTA provisioning of not only the financial account applet (virtual card) but also provisions the complete payment applet to the SIM card. The companies jointly confirmed the test was successfully performed using multiple Single Wire Protocol (SWP) prototype mobile phone models. ViVOtech and G&D plan to use this joint technology infrastructure as the basis for an upcoming NFC field trial with a Large European MNO and Issuer Bank. G&D - www.gi-de.com ViVOtech - www.vivotech.com http://www.sentinelgroup.com http://www.evolutionbenefits.com http://www.palmbeachpost.com http://www.neteller.com http://www.jpmorganchase.com http://www.lunexcenter.com http://www.givingtreelife.com http://www.mastercard.com http://www.vct.com http://www.lunexcenter.com http://www.gi-de.com http://www.vivotech.com

Table of Contents Feed for the Digital Edition of The Prepaid Press - September 15, 2008

The Prepaid Press - September 15, 2008 ISOs Hold Key to Growth in Prepaid Industry Contents From the Publisher: The Show Goes On Regulatory Rundown: Early Fall Regulatory Beat 5 Minutes With Brian Rudolph, Co-owner, Krush Communications TPPEXPO’08 Spotlight Dateline Expo: Prepaid Wireless Update 2008 Wireless in Brief MetroPCS Available at Best Buy Western Capital Resources Inc. to Acquire PQH, Inc. TracFone Launches SafeLink Wireless Prepaid Wireless Roundup CIT Secures Financing for Prepaid Wireless Company MetroPCS Premiers Loopt Social-Mapping Services Virgin Mobile USA Reports Financial Results Dateline Expo: Prepaid Calling Card Update 2008 Inc. 5000 Recognizes Viscom International USAC’s “Carrier’s Carrier” Rule Comes Under Attack NetIQ Extends VoIP Management to Microsoft Office Transverse Launches OSS/BSS Open Source Platform Calling Cards in Brief Dateline Expo: Prepaid and Alternative Payments Update 2008 NETELLER and TransSend to Offer Cards Payments in Brief U.S. Treasury Introducing Direct Express Debit Card Visa Launches New Mobile Payment Services SCX Global Acquired by Rev Worldwide Metavante Selected by Corporate Network eCom ACE and NetSpend Launch March of Dimes Card AccuPOS Announces AccuCount Software Springbok Offers Private Label Prepaid Cards Prepaid 101: ATMs and Prepaid NACS Releases State of the Industry Report PaySpot to Distribute Futura Cards Hypercom Lands Element Payment Services Retail Focus in Brief Our Advertisers Contact Us

The Prepaid Press - September 15, 2008

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