The Prepaid Press - September 15, 2008 - (Page 24)

PAYMENTS September 15 · 2008 - 24 SCX Global Acquired by Rev Worldwide MPOWER Ventures Invests in Australian Prepaid AUSTIN, TX and SyDNEy, AUSTRALIA (August 27, 2008) Australian prepaid card provider SCX Global Limited has joined the Rev Worldwide network of payment companies through a majority share investment by MPOWER Ventures. The Rev Worldwide companies are part of the MPOWER Ventures portfolio. Under its new name, Rev Asia Pacific Limited, SCX Global will lead the Rev Worldwide network’s efforts to drive widespread commercial availability of new and emerging payment solutions to underserved consumers throughout the Asia-Pacific region. Rev Worldwide encompasses RevEurope Payments Limited, Rev Latin America, Inc. and now formalizes operations in the AsiaPacific region under Rev Asia Pacific Limited, formerly SCX Global. According to the Asian Development Bank, more than 300 million households in the Asia-Pacific region lack access to basic financial services. SCX Global offers a reloadable Visa prepaid card, Canvas, throughout Australia, providing underserved youth and immigrant markets with a Visa payment card. SCX Global also offers a virtual Visa prepaid card, VCARD, bringing secure online shopping to consumers. In addition to the general purpose prepaid and virtual cards, SCX Global’s product portfolio includes gift cards and remittance cards. “We believe everyone in the world deserves access to trusted payment solutions and the opportunities and freedoms that come with participating in the financial mainstream,” said Richard Child, executive chair, international strategy and corporate development, Rev Worldwide. “Over half the world’s population lives in Asia-Pacific, so our partnership with SCX Global is essential in creating inclusive financial services for the underserved worldwide. We’re thrilled to have found the right partner in SCX Global, a company with a proven understanding of the regional landscape and a successful track record introducing consumers in the region to the benefits of innovative payment solutions.” Partnering with MPOWER Ventures gives SCX Global access to MPOWER Labs, the global research and development incubator and business accelerator serving MPOWER Ventures and its portfolio companies. With support from MPOWER Labs, Rev Worldwide has already introduced a platform focused on international underserved markets, providing seamless global connectivity and universal language and currency support for card-based, mobile, retail and online transactions. MPOWER Ventures and MPOWER Labs were both founded by brothers Roy and Bertrand Sosa who pioneered the prepaid card market, expanding access to financial services for millions of underserved consumers. “Joining the Rev Worldwide network is a logical and exciting development for SCX Global,” said Simon Hilton, managing director for SCX Global. “It provides us with immediate scale, the power of a global brand, access to shared international knowledge and groundbreaking product platforms. We share MPOWER’s spirit of entrepreneurship, belief in innovation and desire to serve consumers who have been overlooked by the market.” SCX Global will continue supporting its current partnerships and consumer products, and the SCX Global executive team will continue operating in their respective capacities. Terms of the transaction were not disclosed. Source: MPOWER Ventures Rev Worldwide (www.revworldwide.com) SCX Global (www.scx-global.com) Metavante Selected by Corporate Network eCom Credit Unions Prepare for Future of Payments MILWAUKEE, WI (September 8, 2008) Corporate Network eCom, LLC has named Metavante Corporation (NySE:MV) its provider of mobile banking and payments solutions, and will resell Metavante Mobile Financial Services, powered by Monitise Americas. eCom, a majority-owned subsidiary of U.S. Central, provides electronic financial services to the Corporate Credit Union Network, which in turn serves the nation’s nearly 8,400 consumer credit unions. Monitise Americas is the mobile banking and payments joint-venture between Metavante Corporation and Monitise plc, the global leader in the provision of mobile banking services. A year after naming Metavante its provider of online bill payment and presentment solutions, eCom now offers Metavante Mobile Financial Services to U.S. Central’s expansive network of corporate credit unions. Initial mobile features, which Metavante delivers using the secure Monitise application, will include registration from the mobile phone and credit union Web sites, the ability to obtain account balances, bill payment and funds transfers between accounts. Additionally, these services integrate fully into eCom’s current line of MemberPay products. Future planned services will include access to mini-statements showing account activity, text messages informing customers of account balances and changes, and the option of making faster than normal expedited payments. “Aligning with Metavante for bill pay, and now mobile financial services, directly supports eCom’s role as a payments aggregator. As such, eCom must offer the right combination of technology solutions for our members’ strategic markets going forward, such as Gen y, the un- and under-banked and small businesses. We believe mobile will be key to success in those markets,” said Marcie Haitema, executive vice president of correspondent services for U.S. Central and presiding manager of eCom. “Metavante has proven its understanding of the credit union movement and demonstrated its ability to collaborate with us. eCom believes Metavante Mobile Financial Services, powered by Monitise Americas, will position corporate credit unions and their credit unions as leaders in an evolving financial services market populated with a new generation of wealth and nontraditional members.” “Many financial institutions have yet to define a strategy that will reach end-users who require non-traditional relationships,” said Jeff Lewis, division president, Metavante ePayment Solutions. “These largely untouched market segments demand a higher level of convenience made possible by mobile. And with cell phone penetration rates topping eBanking adoption rates by a healthy margin, mobile has possibilities beyond Gen y. eCom’s expansion of its Metavante relationship sends a message that Metavante has assembled a multi-faceted mobile solution that can evolve to quickly respond to changing consumer wants and demands.” By selecting a mobile financial services provider that also features a wide-ranging suite of payments solutions, eCom can deliver incremental value through the Corporate Network to the credit union movement. The integration of Metavante payments solutions — bill pay, prepaid and NyCE Network — with its mobile financial services creates a clear line of sight to mobile payments and commerce. Source: Corporate Credit Union Network (www.corporatenetwork.org) Corporate Network eCom (www.corporatenetworkecom.com) U.S. Central (www.uscentral.coop) http://www.corporatenetwork.org http://www.corporatenetworkecom.com http://www.revworldwide.com http://www.uscentral.coop http://www.scx-global.com http://www.payzone.biz http://www.payzone.biz

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

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.