Metavante Becomes First European Processor to Offer Mastercard Repower

London - 16 June 2009

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.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development