Trade association announces its latest new member as it celebrates 10 years supporting the evolution of prepaid
London, August 10, 2016– The Prepaid International Forum (PIF), the not-for-profit trade association for the prepaid sector, today announced that Mastercard Prepaid Management Services, a leading provider of prepaid programme management services, has joined PIF with immediate effect.
PIF has been representing the collective interests of the prepaid industry since 2006. Its mission is to enable and support a thriving, innovative and sustainable industry. PIF exists to support and champion providers of prepaid payment solutions and their commitment to delivering the highest standards from the industry.
Mastercard joins a strong and growing association of businesses active in prepaid including Europe’s leading issuers of prepaid products and solutions.
PIF’s Commercial Director, Diane Brocklebank said:
“Prepaid solutions are rapidly transforming the way consumers, businesses and governments pay for goods and services. They are also making financial services accessible by millions of financially underserved people around the world. Mastercard is a powerful driving force in this process and we are immensely proud that they have become a member of PIF”.
Mastercard Prepaid Management Services is the largest foreign exchange, travel and cross border prepaid programme manager, with millions of cards in circulation worldwide.Emily Baum, Business Development Manager for Prepaid Management Services, Mastercard, said:
“As a global prepaid programme manager it is crucial for us to stay on top of regulatory changes, and we are pleased that the Prepaid International Forum will provide us with the support and expertise needed to navigate this complex environment.”
Through a wide range of events and working group initiatives PIF creates opportunities for its members, advocates for standards and policies that protect and enhance the use of prepaid solutions and promotes a positive image of the industry to consumer bodies, regulators, government departments and the media.
PIF is led and governed by a ten-strong Board of Directors representing organisations including Paysafe Group, IDT Financial Services, Locke Lord LLP, Raphaels Bank, Edgar, Dunn & Company, The Gift Voucher Shop/One4all and Neopay.
Craig James, PIF Chairman, said:
“PIF prides itself on its members who make sure we stay focused on their evolving needs and thereby maintain our position as the leading voice for prepaid. Mastercard brings a wealth of global industry experience and expertise to PIF and we are delighted that one of world’s most innovative companies for payments has chosen to support our work.“
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Notes to Editors
MasterCard, www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter: @MasterCardUKBiz, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news.
The Prepaid International Forum (PIF) is a principal trade association for the prepaid industry. We believe that prepayment is a responsible way to pay for goods and services, and that consumers should be confident in the security of prepaid services and the money that is stored on their behalf.
Established in 2006 as a not-for-profit organisation, PIF works closely with industry, regulators, government departments, consumer bodies and the media to promote understanding of prepaid as well as providing support and education to proponents of prepaid worldwide. To learn more about PIF visit www.paymentsinnovationforum.org