Prepaid Financial Services Wins Breakout Company of the Year in 2013 Paybefore Awards Europe

LONDON, March 11, 2013 /PRNewswire/ --

- Award recognises achievements as Global Issuer, BIN Sponsor & Programme Manager

Prepaid Financial Services, a leading provider of global prepaid solutions and a preferred MasterCard® supplier, was recently chosen as a winner in the Breakout Company of the Year category, for the 2013 Paybefore Awards Europe. The award marked a double celebration as Brent Council, supported by Prepaid Financial Services, was also nominated as winner in the Best Corporate- or Government-Funded Prepaid Programme category.

Following in the tradition of Paybefore Awards, which is in its seventh year, Paybefore Awards Europe was created to honour excellence and innovation in the prepaid, stored value and emerging payments industry in the U.K. and Europe. The awards are presented by Paybefore, whose publications are the leading source of industry information for the global prepaid and emerging payments community.

Noel Moran, CEO of Prepaid Financial Services, commented: "The last 12 months have been truly exceptional for us. We experienced significant growth in our client and card portfolios, developed new products and services, enhanced our loading networks across Europe and expanded operations to new territories. In addition to this, we developed global strategic partnerships, with giants of the cards and payments industry such as Deutsche Card Services.

By providing a one stop shop in the SEPA region and deploying solutions across emerging markets globally, we have demonstrated that it is possible to deploy a prepaid middleware platform anywhere and embrace new payments without being tied to legacy processing platforms."

Prepaid Financial Services was selected as a winner in the Breakout Company of the Year category, by a panel of five industry experts who served as judges for this year's competition.

Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel, commented: "Paybefore Awards were created to honour the companies and individuals that are at the forefront of innovation as well as successful market implementation."

"It's a dynamic time in electronic payments as companies like PFS and its partners continue to innovate and solve payments problems," she continued. "We are proud to recognize their contributions to advancing the prepaid and emerging payments industry."

Prepaid Financial Services will now vie for best-in-category distinction, which will be announced during the Paybefore Awards Europe ceremony on 18 April at the Prepaid Expo Europe in London.

Prepaid Financial Services is a multi-award winning global prepaid programme manager, e-money Issuer and a preferred MasterCard supplier, operating out of the UK. PFS is authorised and regulated as an e-money issuer by the Financial Services Authority (FSA) in the UK and have passported our e-money license across the SEPA region to enable card issuance in up to 32 countries.

In addition to programme management and issuance, PFS also offer BIN sponsorship and processing services for entities running or planning to run prepaid programmes globally.

To find out more, visit http://www.prepaidfinancialservices.com

Notes to Editors

About Prepaid Financial Services:

Prepaid Financial Services (PFS) Ltd. is a multi-award winning global prepaid programme manager, e-money Issuer and a preferred MasterCard® supplier, operating out of the UK. PFS is authorised and regulated as an e-money issuer by the Financial Services Authority (FSA) in the UK and have passported our e-money license across the SEPA region to enable card issuance in up to 32 countries.

In addition to programme management and issuance, PFS also offer BIN sponsorship and processing services for entities running or planning to run prepaid programmes globally.

PFS manage multiple programmes processing millions of transactions every week and our products are utilised by Governments, Local Authorities, blue chip corporations, SME's and individual consumers utilising our cutting edge, secure technology.

Since our launch in 2008, PFS has rapidly established itself as a trusted, dependable and credible prepaid provider to a range of clients across the globe.

You can follow us on Twitter and Facebook at @prepaidfs and prepaidfs.

About Paybefore Paybefore is the leading information provider to prepaid and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore's family of industry publications includes: Paybefore.com; Pay News™; Pay Mobile™; Pay World™; Pay Update™; Pay Gov™ and Pay Magazine™, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global prepaid and emerging payment industry; and the only industry directory, Pay Connect™, available online and in print.

For more information, go to http://www.prepaidfinancialservices.com or call +44-(0)207-125-0321.

For more information, go to http://www.paybefore.com