Metavante Becomes First European Processor to Offer MasterCard rePower
Press Release News | Home
LONDON - (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.
