NovoPayment Clinches Two Major Payment Industry Awards
Company Wins Top General Purpose Spending Card Program and Best
Corporate Card Program at Paybefore Awards
MIAMI (Business Wire EON) April 3, 2008 --
NovoPayment, Inc., Latin America’s leading
pre-paid card service provider and program manager, announced top honors
at the Paybefore awards with wins for Category Best Winner Best
General Purpose Spending Card Program and Best Corporate Card
Program. The annual awards recognize achievement in prepaid products
and services.
NovoPayment received the top honor among general purpose spending cards
for its Plata Servitebca program, an open-loop re-loadable card launched
in 2005 to serve Venezuela’s unbanked market.
The product, which does not require a bank account, allows users to make
purchases at any national point of sale where Maestro™
or MasterCard™ is accepted, withdraw
cash from ATMs and make Internet, phone, and SMS payments and transfers.
Users, which today number more than 250,000 perform about 400,000
transactions each month. Also recognized in the general purpose category
were Wal-Mart, GE Money and GreenDot Corporation for the Wal-Mart Money
Card and ItzCash Card Ltd for the ItzCard.
NovoPayment was also awarded Best Corporate Card Program for
their TEBCA Bonus Alimentacion Maestro Card™.
The program provides food benefits previously provided via paper
vouchers via an open loop prepaid card used by Venezuelan public and
private sector workers. Launched in 2004, the program’s
more than 500,000 cards are accepted at more than 80,000 food retailers
and restaurants, dramatically reducing costs for benefit providers and
the risk of theft, loss or misuse. Also recognized in the corporate card
category were Visa Vale for Visa Vale’s
Prepaid Cards and Payoneer and iStockphoto.
About NovoPayment
NovoPayment Inc. is Latin America’s premier
pre-paid card service provider and program manager, providing general
purpose payments solutions for the region’s
unbanked, as well as Electronic Benefits Transfer (EBT), payroll,
incentive and gift card, and other payments solutions for banks,
utilities, telecommunications companies and government agencies. With
offices in Miami, Florida, and Caracas, Venezuela, NovoPayment has an
extensive track record which includes a portfolio of more than 730,000
active cards representing more than 22 million transactions and about
$330 million annually. Among its accomplishments, NovoPayment launched
the first pre-paid general purpose card in Latin America not to require
a bank account and the first mobile P2P (Peer-to-Peer) funds transfer
platform using SMS (short message service). For more information, visit www.novopayment.com/ingles
.
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