Apple is working on it’s own mobile P2P payment service for iPhone and iPad

UnwiredView.com

Apple has submitted a patent application for peer-to-peer financial transactions. Apple's patent application describes an iPhone app and service, that will allow iPhone owners to store all their credit card, bank/checking account and other info on the device, and to make quick personal and business transactions with a few taps. Mobile micropayments through your smartphone is emerging, and, most likely, soon to become pretty hot category. Nokia is looking  how to introduce mobile payments to developing world with it’s Money service. Meanwhile, startups like Square and established companies likeVeriFone are working on ways to bring personal mobile transactions to your iPhone, and, hopefully, any other smartphone you have in your pocket. Well, those companies planning to make a living from their personal mobile payment iPhone app/accessory/service, better start thinking about other mobile platforms soon. Because Apple is actively eyeing personal mobile payments, as a market they want to have for themselves. At least that’s what an Apple’s patent application called “Peer to peer financial transaction devices and methods”  indicates.

Read The Whole Story http://www.unwiredview.com/2010/04/08/apple-is-working-on-its-own-mobile-p2p-payment-servi ce-fo....

Apple is working on it’s own mobile P2P payment service for iPhone and iPad

UnwiredView.com

Apple has submitted a patent application for peer-to-peer financial transactions. Apple's patent application describes an iPhone app and service, that will allow iPhone owners to store all their credit card, bank/checking account and other info on the device, and to make quick personal and business transactions with a few taps. Mobile micropayments through your smartphone is emerging, and, most likely, soon to become pretty hot category. Nokia is looking  how to introduce mobile payments to developing world with it’s Money service. Meanwhile, startups like Square and established companies likeVeriFone are working on ways to bring personal mobile transactions to your iPhone, and, hopefully, any other smartphone you have in your pocket. Well, those companies planning to make a living from their personal mobile payment iPhone app/accessory/service, better start thinking about other mobile platforms soon. Because Apple is actively eyeing personal mobile payments, as a market they want to have for themselves. At least that’s what an Apple’s patent application called “Peer to peer financial transaction devices and methods”  indicates.

Read The Whole Story http://www.unwiredview.com/2010/04/08/apple-is-working-on-its-own-mobile-p2p-payment-servi ce-fo....

Ingenico and Element Form a Strategic Partnership to Secure End-to-End Transaction Processing

SOURCE: Ingenico

  

Partnership Benefits Merchants and Software Providers by Reducing the Scope, Risk, and Cost of Implementing and Maintaining PCI DSS Controls

ATLANTA, GA and PHOENIX, AZ--(Marketwire - April 13, 2010) -  Ingenico, the leading worldwide provider of payment solutions, announced today that it has partnered with Element Payment Services, Inc., a leading provider of PCI DSS compliant payment processing solutions to software providers and merchants. Through this partnership, Element will integrate Ingenico's end-to-end encryption algorithm with its tokenization solution to provide Ingenico's customers with secure end-to-end transaction processing technologies. The fully integrated solution will reduce the customers' cardholder data environment and PCI DSS-compliance footprint.

As an innovator of fully integrated PCI DSS compliant payment processing technologies, Element's well-designed processing solutions have led the industry in risk reduction and transference. Additionally, Element's Hosted Payments (http://www.elementps.com/software-providers/security/hosted-payments/) solution eliminates the need for both merchants and software providers to process, transmit or store cardholder data, removing their applications from the scope of the PCI DSS/PA-DSS compliance requirements.

"We're excited about our newly formed strategic partnership with Element because it will play a key role in delivering Ingenico's overall security strategy to address the entire payment transaction process," says Deborah Dixson, senior vice president of security solutions at Ingenico, North America. "As a proven industry leader and member of the PCI Security Standards Council, Element has the technology, established track record, a talented team, and the industry expertise we seek in a strategic security partner."

Credit and debit cardholder data compromises are at an all time high. According to the 2009 Data Breach Investigation Report by Verizon Business Consumer, 285 million records were breached in 2008. Given this reality and the increasingly stringent PCI compliance requirements, this new partnership will help Ingenico's merchant customers secure their payment environments, protect their brands, and reduce the cost, risk and burden associated with payment card acceptance. 

"Element shares Ingenico's commitment to delivering security solutions that protect cardholder data while transmitted, processed and stored, significantly reducing the scope of PCI DSS/PA-DSS compliance requirements. This partnership will provide a huge value for merchants and software providers," says Sean Kramer, president and CEO at Element Payment Services. 

Element's end-to-end transaction processing technologies are powered by its Express Processing Platform, a purpose-built processing engine architected specifically for security and compliance. Unlike other processing platforms, Express is engineered using Service Oriented Architecture (SOA), making it easily adaptable to changing industry requirements. 

About Ingenico (ING)

Ingenico (Euronext: FR0000125346 - ING) is a leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries. Its 2,800 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue. More information on www.ingenico.com

About Element Payment Services, Inc. 

Headquartered in Phoenix, Arizona, Element Payment Services, Inc. provides fully integrated PCI DSS compliant payment processing solutions to merchants and leading software providers. Engineered using Service Oriented Architecture, Element's Express Processing Platform allows for easy integration and supports advanced technologies such as tokenization & authentication, end-to-end encryption and Hosted Payments (http://www.elementps.com/software-providers/security/hosted-payments/). Processing over $4 billion in annual transaction volume, Element's simple and secure payment solutions allow customers to easily comply with industry security requirements such as PCI DSS (http://www.elementps.com/merchants/pci-dss/) and PA-DSS (http://www.elementps.com/software-providers/pa-dss) (PABP), significantly reducing the risk associated with handling cardholder data. More information is available atwww.elementps.com. 

Svy Nekrasas

Vice President of Marketing, Ingenico North America

svy.nekrasas@ingenico.com

Tel: +1 678 456 1211



Brock Robertson

Chief Marketing Officer, Element Payment Services, Inc.

brobertson@elementps.com

Tel: +1 866 435 3636 x1794

Click here to see all recent news from this company

Ingenico and Element Form a Strategic Partnership to Secure End-to-End Transaction Processing

SOURCE: Ingenico

  

Partnership Benefits Merchants and Software Providers by Reducing the Scope, Risk, and Cost of Implementing and Maintaining PCI DSS Controls

ATLANTA, GA and PHOENIX, AZ--(Marketwire - April 13, 2010) -  Ingenico, the leading worldwide provider of payment solutions, announced today that it has partnered with Element Payment Services, Inc., a leading provider of PCI DSS compliant payment processing solutions to software providers and merchants. Through this partnership, Element will integrate Ingenico's end-to-end encryption algorithm with its tokenization solution to provide Ingenico's customers with secure end-to-end transaction processing technologies. The fully integrated solution will reduce the customers' cardholder data environment and PCI DSS-compliance footprint.

As an innovator of fully integrated PCI DSS compliant payment processing technologies, Element's well-designed processing solutions have led the industry in risk reduction and transference. Additionally, Element's Hosted Payments (http://www.elementps.com/software-providers/security/hosted-payments/) solution eliminates the need for both merchants and software providers to process, transmit or store cardholder data, removing their applications from the scope of the PCI DSS/PA-DSS compliance requirements.

"We're excited about our newly formed strategic partnership with Element because it will play a key role in delivering Ingenico's overall security strategy to address the entire payment transaction process," says Deborah Dixson, senior vice president of security solutions at Ingenico, North America. "As a proven industry leader and member of the PCI Security Standards Council, Element has the technology, established track record, a talented team, and the industry expertise we seek in a strategic security partner."

Credit and debit cardholder data compromises are at an all time high. According to the 2009 Data Breach Investigation Report by Verizon Business Consumer, 285 million records were breached in 2008. Given this reality and the increasingly stringent PCI compliance requirements, this new partnership will help Ingenico's merchant customers secure their payment environments, protect their brands, and reduce the cost, risk and burden associated with payment card acceptance. 

"Element shares Ingenico's commitment to delivering security solutions that protect cardholder data while transmitted, processed and stored, significantly reducing the scope of PCI DSS/PA-DSS compliance requirements. This partnership will provide a huge value for merchants and software providers," says Sean Kramer, president and CEO at Element Payment Services. 

Element's end-to-end transaction processing technologies are powered by its Express Processing Platform, a purpose-built processing engine architected specifically for security and compliance. Unlike other processing platforms, Express is engineered using Service Oriented Architecture (SOA), making it easily adaptable to changing industry requirements. 

About Ingenico (ING)

Ingenico (Euronext: FR0000125346 - ING) is a leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries. Its 2,800 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue. More information on www.ingenico.com

About Element Payment Services, Inc. 

Headquartered in Phoenix, Arizona, Element Payment Services, Inc. provides fully integrated PCI DSS compliant payment processing solutions to merchants and leading software providers. Engineered using Service Oriented Architecture, Element's Express Processing Platform allows for easy integration and supports advanced technologies such as tokenization & authentication, end-to-end encryption and Hosted Payments (http://www.elementps.com/software-providers/security/hosted-payments/). Processing over $4 billion in annual transaction volume, Element's simple and secure payment solutions allow customers to easily comply with industry security requirements such as PCI DSS (http://www.elementps.com/merchants/pci-dss/) and PA-DSS (http://www.elementps.com/software-providers/pa-dss) (PABP), significantly reducing the risk associated with handling cardholder data. More information is available atwww.elementps.com. 

Svy Nekrasas

Vice President of Marketing, Ingenico North America

svy.nekrasas@ingenico.com

Tel: +1 678 456 1211



Brock Robertson

Chief Marketing Officer, Element Payment Services, Inc.

brobertson@elementps.com

Tel: +1 866 435 3636 x1794

Click here to see all recent news from this company

RetailEdge 8.1 POS With Encrypted Swipe Security Now Available

  

Solution Delivered Through Partnership With Payment Processing, Inc.

MANCHESTER CENTER, VT--(Marketwire - April 13, 2010) -  High Meadow Business Solutions announces the implementation of Payment Processing, Inc.'s Point-2-Point Security solution with RetailEdge POS software version 8.1. The PA-DSS validated solution with encrypted swipe has been delivered to eleven businesses.

The solution integrates seamlessly with the PPI PayMover hosted payment service and utilizes Magtek's MagnaSafe technology using open standards technology to encrypt credit card track data within the reader, ensuring the merchant's POS system never handles clear text cardholder data. Encrypted track data is decrypted upon reaching PPI PayMover, which communicates with the processor in a secure manner and returns the transaction status to the POS.

High Meadow Sales Manager Bill Breed comments, "Incorporating this level of security for RetailEdge provides a layer of protection above that required by PCI. Our partnership with PPI enables us to protect customers with reliable, secure payment processing solutions."

RetailEdge 8.1 is a validated Payment Application Data Security Standard (PA-DSS) application, compliant with the global security standard created by the Payment Card Industry Security Standards Council. In addition to security upgrades, the RetailEdge 8.1 provides a host of valuable features for businesses: gift card and loyalty programs, deposit tracking, integrated PIN debit, hundreds of new reports, and integrated credit card processing.

"There is so much confusion and hype around card data security," says Chuck Riegel, PPI's Executive Vice President. "But the fact of the matter is that our partners, like High Meadow, are actually delivering real, next-generation security solutions to their customers."

About High Meadow Business SolutionsHigh Meadow Business Solutions is a software development company based in Manchester Center, VT and has been developing retail point-of-sale software for over 20 years. High Meadow provides powerful point-of-sale solutions that are not only easy to install, use, and configure, but are affordable to maintain and run. For more information, visitwww.retailedge.com.

About Payment Processing, Inc. Since 1995, PPI has been partnering with software developers and their customers, delivering nothing less than robust, stable, fully supported and profitable integrated payment solutions. In 2009, PPI processed in excess of $5.5 billion in Visa^® and MasterCard^® payments. We provide developers with a full range of in-house services for building and promoting integrated payment solutions, including PPI-developed hosted payment services, integration support, customer support, marketing assistance and PA-DSS/PCI DSS security services. It's why more than 1,300 partners and nearly 40,000 businesses have selected Payment Processing, Inc. as their dedicated payment professionals. Learn more at www.paypros.com.

To learn more about Point-2-Point Security and PCI compliance, visit www.freePCIscore.com, call 510.795.2290 or email partnerships@paypros.com.

RetailEdge 8.1 POS With Encrypted Swipe Security Now Available

  

Solution Delivered Through Partnership With Payment Processing, Inc.

MANCHESTER CENTER, VT--(Marketwire - April 13, 2010) -  High Meadow Business Solutions announces the implementation of Payment Processing, Inc.'s Point-2-Point Security solution with RetailEdge POS software version 8.1. The PA-DSS validated solution with encrypted swipe has been delivered to eleven businesses.

The solution integrates seamlessly with the PPI PayMover hosted payment service and utilizes Magtek's MagnaSafe technology using open standards technology to encrypt credit card track data within the reader, ensuring the merchant's POS system never handles clear text cardholder data. Encrypted track data is decrypted upon reaching PPI PayMover, which communicates with the processor in a secure manner and returns the transaction status to the POS.

High Meadow Sales Manager Bill Breed comments, "Incorporating this level of security for RetailEdge provides a layer of protection above that required by PCI. Our partnership with PPI enables us to protect customers with reliable, secure payment processing solutions."

RetailEdge 8.1 is a validated Payment Application Data Security Standard (PA-DSS) application, compliant with the global security standard created by the Payment Card Industry Security Standards Council. In addition to security upgrades, the RetailEdge 8.1 provides a host of valuable features for businesses: gift card and loyalty programs, deposit tracking, integrated PIN debit, hundreds of new reports, and integrated credit card processing.

"There is so much confusion and hype around card data security," says Chuck Riegel, PPI's Executive Vice President. "But the fact of the matter is that our partners, like High Meadow, are actually delivering real, next-generation security solutions to their customers."

About High Meadow Business SolutionsHigh Meadow Business Solutions is a software development company based in Manchester Center, VT and has been developing retail point-of-sale software for over 20 years. High Meadow provides powerful point-of-sale solutions that are not only easy to install, use, and configure, but are affordable to maintain and run. For more information, visitwww.retailedge.com.

About Payment Processing, Inc. Since 1995, PPI has been partnering with software developers and their customers, delivering nothing less than robust, stable, fully supported and profitable integrated payment solutions. In 2009, PPI processed in excess of $5.5 billion in Visa^® and MasterCard^® payments. We provide developers with a full range of in-house services for building and promoting integrated payment solutions, including PPI-developed hosted payment services, integration support, customer support, marketing assistance and PA-DSS/PCI DSS security services. It's why more than 1,300 partners and nearly 40,000 businesses have selected Payment Processing, Inc. as their dedicated payment professionals. Learn more at www.paypros.com.

To learn more about Point-2-Point Security and PCI compliance, visit www.freePCIscore.com, call 510.795.2290 or email partnerships@paypros.com.

Experts: Barclays online banking vulnerable to snoopers

Posted on 14 Apr 2010 at 11:28By Stuart Turton

Barclays online banking system could be abused to access a customer's statements, according to a researcher with the University of Birmingham.

In a report called "Privacy vs. Usability: A failure of Barclays online banking?", Ben Smyth attacks Barclays' Instant Access service which requires a surname, date of birth, sixteen-digit card number and three-digit card security code to access an online account...

Continue Reading at PC Pro

Experts: Barclays online banking vulnerable to snoopers

Posted on 14 Apr 2010 at 11:28By Stuart Turton

Barclays online banking system could be abused to access a customer's statements, according to a researcher with the University of Birmingham.

In a report called "Privacy vs. Usability: A failure of Barclays online banking?", Ben Smyth attacks Barclays' Instant Access service which requires a surname, date of birth, sixteen-digit card number and three-digit card security code to access an online account...

Continue Reading at PC Pro

MerchantWARE® Pay @ The Table Provides Consumers Enhanced Card Security; Merchants Improved Operation Costs

Ideal for service industry, Bluetooth-enabled POS allows customers to make payments while maintaining control of their card

Electronic Transaction Association Meeting & Expo 2010

BOSTON--(BUSINESS WIRE)--Merchant Warehouse®, a premier provider of merchant accounts and credit card processing solutions, today announced the release of MerchantWARE® Pay @ The Table with BINsmart™, a secure wireless payment option that brings payment to the customer in a fast, efficient and secure manner, and helps merchants improve their operational costs. Pay @ The Table with BINsmart incorporates all the features of Merchant Warehouse’s BINsmart product, which identifies whether the method of payment is via credit or debit card then prompts for the less expensive transaction, saving the merchant on interchange fees.

“We are pleased that Merchant Warehouse chose Ingenico’s i5100, AQUA, and I7780 (Pay @ Table) for their BINsmart solution. This solution clearly brings their customers an effective method to control their operating costs by minimizing interchange fees while offering a true and secure customer payment convenience”

The MerchantWARE Pay @ The Table with BINsmart solution is customized for each merchant and integrated with the wireless Ingenico I7780, a Bluetooth enabled light-weight and secure terminal that is operational up to 600 feet from the main POS terminal. Credit card data is encrypted using Bluetooth technology between the wireless terminal and the POS and then transported via a SSL connection to the Merchant Warehouse payment gateway where data is tokenized and returned to the POS for final transaction. The I7780 integrated with MerchantWARE Pay @ The Table with BINsmart not only improves operational costs, it is the ideal, wireless solution for table-side payments, patio service, curb-side payments, drive-thru payments and seasonal check-outs.

“This is exciting technology that enables the merchant to have complete control of their environment from operating costs to the customer experience,” said Henry Helgeson, co-CEO of Merchant Warehouse. “On the flip-side the customer maintains control over their payment experience, as they can see the card throughout the payment process which is transacted at their table, and merchants are given additional peace of mind that their customers’ card data is safe. Bottom line, bills are settled faster, and the overall customer and staff experience is greatly improved and card data is secured. It’s a win/win scenario!”

“We are pleased that Merchant Warehouse chose Ingenico’s i5100, AQUA, and I7780 (Pay @ Table) for their BINsmart solution. This solution clearly brings their customers an effective method to control their operating costs by minimizing interchange fees while offering a true and secure customer payment convenience,” said Lisa Shipley, Senior Vice President of Sales, Ingenico, North America. “The hospitality industry has been waiting for a viable and cost-effective Pay@ the Table solution. Our wireless Bluetooth payment terminals help eliminate card skimming by allowing customers to maintain control of their card which in turn helps prevent fraud and identity theft at the start. On the other hand, Merchant Warehouse’s BINsmart application enables restaurant owners to maintain control over their operating costs by minimizing interchange fees, quickly turning tables and improving wait-staff efficiency.”

About Merchant Warehouse

Since 1998, Merchant Warehouse has enabled merchants to process all forms of electronic payments including credit, PIN-debit, loyalty & gift cards, EBT and checks. The company continues to deliver competitive merchant account pricing, PA-DSS compliant solutions, and dedicated customer support to their merchants, partners and independent sales organizations. Merchant Warehouse leads the industry with innovative groundbreaking technology initiatives including: MerchantWARE^®; BINsmart™; and MerchantWARE Mobile. Merchant Warehouse has been named theETA 2009 ISO of the Year, Business Solutions’ Best Channel Vendor for 2009 & 2010 and is a two-time recipient of the Boston Business Journal Pacesetter Award. Merchant Warehouse co-CEO, Henry Helgeson, was also named Ernst & Young Entrepreneur of the Year 2009 for New England. The company is committed to community and charitable involvement. For more information, please visit http://merchantwarehouse.com or follow us on Twitter at http://twitter.com/MWarehouse

Contacts

Merchant Warehouse

Marianne Rocco, 800-941-6557 x2051

Marketing Director

mrocco@merchantwarehouse.com

or

PAN Communications

Meghan Welborn or Michael Sullivan, 978-474-1900

merchant@pancomm.com

Permalink: http://www.businesswire.com/news/home/20100413006276/en/MerchantWARE%C2%AE-Pay-Table-Consumers-Enhanced-Card-Security

MerchantWARE® Pay @ The Table Provides Consumers Enhanced Card Security; Merchants Improved Operation Costs

Ideal for service industry, Bluetooth-enabled POS allows customers to make payments while maintaining control of their card

Electronic Transaction Association Meeting & Expo 2010

BOSTON--(BUSINESS WIRE)--Merchant Warehouse®, a premier provider of merchant accounts and credit card processing solutions, today announced the release of MerchantWARE® Pay @ The Table with BINsmart™, a secure wireless payment option that brings payment to the customer in a fast, efficient and secure manner, and helps merchants improve their operational costs. Pay @ The Table with BINsmart incorporates all the features of Merchant Warehouse’s BINsmart product, which identifies whether the method of payment is via credit or debit card then prompts for the less expensive transaction, saving the merchant on interchange fees.

“We are pleased that Merchant Warehouse chose Ingenico’s i5100, AQUA, and I7780 (Pay @ Table) for their BINsmart solution. This solution clearly brings their customers an effective method to control their operating costs by minimizing interchange fees while offering a true and secure customer payment convenience”

The MerchantWARE Pay @ The Table with BINsmart solution is customized for each merchant and integrated with the wireless Ingenico I7780, a Bluetooth enabled light-weight and secure terminal that is operational up to 600 feet from the main POS terminal. Credit card data is encrypted using Bluetooth technology between the wireless terminal and the POS and then transported via a SSL connection to the Merchant Warehouse payment gateway where data is tokenized and returned to the POS for final transaction. The I7780 integrated with MerchantWARE Pay @ The Table with BINsmart not only improves operational costs, it is the ideal, wireless solution for table-side payments, patio service, curb-side payments, drive-thru payments and seasonal check-outs.

“This is exciting technology that enables the merchant to have complete control of their environment from operating costs to the customer experience,” said Henry Helgeson, co-CEO of Merchant Warehouse. “On the flip-side the customer maintains control over their payment experience, as they can see the card throughout the payment process which is transacted at their table, and merchants are given additional peace of mind that their customers’ card data is safe. Bottom line, bills are settled faster, and the overall customer and staff experience is greatly improved and card data is secured. It’s a win/win scenario!”

“We are pleased that Merchant Warehouse chose Ingenico’s i5100, AQUA, and I7780 (Pay @ Table) for their BINsmart solution. This solution clearly brings their customers an effective method to control their operating costs by minimizing interchange fees while offering a true and secure customer payment convenience,” said Lisa Shipley, Senior Vice President of Sales, Ingenico, North America. “The hospitality industry has been waiting for a viable and cost-effective Pay@ the Table solution. Our wireless Bluetooth payment terminals help eliminate card skimming by allowing customers to maintain control of their card which in turn helps prevent fraud and identity theft at the start. On the other hand, Merchant Warehouse’s BINsmart application enables restaurant owners to maintain control over their operating costs by minimizing interchange fees, quickly turning tables and improving wait-staff efficiency.”

About Merchant Warehouse

Since 1998, Merchant Warehouse has enabled merchants to process all forms of electronic payments including credit, PIN-debit, loyalty & gift cards, EBT and checks. The company continues to deliver competitive merchant account pricing, PA-DSS compliant solutions, and dedicated customer support to their merchants, partners and independent sales organizations. Merchant Warehouse leads the industry with innovative groundbreaking technology initiatives including: MerchantWARE^®; BINsmart™; and MerchantWARE Mobile. Merchant Warehouse has been named theETA 2009 ISO of the Year, Business Solutions’ Best Channel Vendor for 2009 & 2010 and is a two-time recipient of the Boston Business Journal Pacesetter Award. Merchant Warehouse co-CEO, Henry Helgeson, was also named Ernst & Young Entrepreneur of the Year 2009 for New England. The company is committed to community and charitable involvement. For more information, please visit http://merchantwarehouse.com or follow us on Twitter at http://twitter.com/MWarehouse

Contacts

Merchant Warehouse

Marianne Rocco, 800-941-6557 x2051

Marketing Director

mrocco@merchantwarehouse.com

or

PAN Communications

Meghan Welborn or Michael Sullivan, 978-474-1900

merchant@pancomm.com

Permalink: http://www.businesswire.com/news/home/20100413006276/en/MerchantWARE%C2%AE-Pay-Table-Consumers-Enhanced-Card-Security

$125,000,000 Mark Reached By Bank Freedom In Prepaid Debit Card Transactions

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Bank Freedom, a wholly owned subsidiary of Prepaid Card Holdings, Inc. (Pink Sheets: PPDC), announced today that the company had processed approximately $125,000,000 in prepaid debit card transactions as of March 31, 2010 which is the end of the company's second full year as a prepaid card debit card company.

Bank Freedom offers a branded general purpose reloadable prepaid debit card for consumers at its website www.BankFredom.com. The company also offers small business owners branded reloadable prepaid expense cards for their company’s employees as well as reloadable branded payroll debit cards. Bank Freedom also co-brands private labeled card solutions for large institutions. Business owners can log on to the company’s business website at www.BankFreedom.Biz

About Bank Freedom

Bank Freedom^®, a wholly owned subsidiary of Prepaid Card Holdings, Inc. is a leading provider of financial services in the prepaid card industry. The company, under its Bank Freedom brand, offers prepaid debit cards to America’s estimated 60 million underbanked citizens. The company also provides co-branding program management services and is the program manager for the AFSCME^® Advantage Prepaid Debit card, a 1.6 million member union. In addition to the underbanked consumer demographic; small, medium, and large businesses have found a much needed product with the company’s Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employee’s expenses other than through traditional credit cards or cash reimbursements. For more information about Bank Freedom visit www.BankFreedom.com

Related articles by Zemanta

• Less than half transactions to involve cash by 2015 (newstatesman.com)


• How the new Credit CARD Act Affects you (harlemworldblog.wordpress.com)


• Credit-Card Reform: No Fix for Small Biz (businessweek.com)


• Tapping into Transaction Data for Cost Effective Debit Rewards Systems (pindebit.blogspot.com)

$125,000,000 Mark Reached By Bank Freedom In Prepaid Debit Card Transactions

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Bank Freedom, a wholly owned subsidiary of Prepaid Card Holdings, Inc. (Pink Sheets: PPDC), announced today that the company had processed approximately $125,000,000 in prepaid debit card transactions as of March 31, 2010 which is the end of the company's second full year as a prepaid card debit card company.

Bank Freedom offers a branded general purpose reloadable prepaid debit card for consumers at its website www.BankFredom.com. The company also offers small business owners branded reloadable prepaid expense cards for their company’s employees as well as reloadable branded payroll debit cards. Bank Freedom also co-brands private labeled card solutions for large institutions. Business owners can log on to the company’s business website at www.BankFreedom.Biz

About Bank Freedom

Bank Freedom^®, a wholly owned subsidiary of Prepaid Card Holdings, Inc. is a leading provider of financial services in the prepaid card industry. The company, under its Bank Freedom brand, offers prepaid debit cards to America’s estimated 60 million underbanked citizens. The company also provides co-branding program management services and is the program manager for the AFSCME^® Advantage Prepaid Debit card, a 1.6 million member union. In addition to the underbanked consumer demographic; small, medium, and large businesses have found a much needed product with the company’s Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employee’s expenses other than through traditional credit cards or cash reimbursements. For more information about Bank Freedom visit www.BankFreedom.com

Related articles by Zemanta

• Less than half transactions to involve cash by 2015 (newstatesman.com)


• How the new Credit CARD Act Affects you (harlemworldblog.wordpress.com)


• Credit-Card Reform: No Fix for Small Biz (businessweek.com)


• Tapping into Transaction Data for Cost Effective Debit Rewards Systems (pindebit.blogspot.com)