3 November 2014 – House of Fraser, the UK and Ireland’s premium department store group, has chosen to extend its existing partnership with PrePay Solutions, the European leader in prepaid services.
House of Fraser, recently acquired by Nanjing Cenbest, a chain of Chinese department stores in a deal noted to be China’s largest foreign retail investment to date, has been working with PrePay Solutions for over six years. Since then, PrePay Solutions has used its innovative technology to manage House of Fraser’s retail, loyalty and corporate gifting schemes in the UK and Ireland.
Ray Brash, CEO at PrePay Solutions, commented:
“We’re delighted to extend our partnership with House of Fraser and to be recognised as a trusted partner. We are delighted that the quality of our service has been recognised by House of Fraser and we are proud to remain a preferred supplier after six years, and look forward to helping them advance their strategic goals. ”
Simon Duncan, Director of External Business at House of Fraser, comments:
“Our decision to extend the partnership with PrePay Solutions was not only based on the success of the existing contract, but also on the firm’s proven ability to deliver a consistent service that meets our business needs. We look forward to continuing our relationship with PrePay Solutions and working with the team to further develop our card programme strategies. ”
PrePay Solutions is Europe’s leading prepaid services company. It is jointly owned by Edenred, the world leader in prepaid corporate services, and MasterCard Worldwide, Europe’s leading prepaid network. Drawing on more than 13 years’ experience and the combined strengths of its shareholders, PrePay solutions delivers excellence in prepaid.
PrePay Solutions offers a range of payment services including Transaction Processing, eWallet provision, BIN sponsorship, Compliance and Fraud Services, Supply Chain management, Customer Services, Marketing and Programme Design.
The company is present in 26 countries and provides services to more than 50 blue chip organisations. It has clients across the retail, corporate, online, mobile, travel, and financial sectors and delivers prepaid solutions to some of the largest global brands.
About House of Fraser
House of Fraser is the leading, national premium department store group in the UK and Ireland trading principally under the iconic House of Fraser brand name through a portfolio of 61 well-invested stores, as well as through its rapidly growing web-store, www.houseoffraser.co.uk and two Houseoffraser.com concept stores. House of Fraser also has one store in Abu Dhabi trading under a franchise agreement with its partner, Retail Arabia and recently announced the planned opening of its second store on Yas Island, Abu Dhabi, scheduled for opening in 2015.
The House of Fraser brand is differentiated from other department stores groups in the UK by its 165 year history in the UK retail market, its wide geographical reach (across the UK and on-line), its broad range of high quality premium branded merchandise offered at competitive prices, its increasing exclusive House Brand offering and its commitment to providing an imaginative, exciting and relevant shopping experience to our customers.