Member Article

PrePay Solutions launches virtual open-loop card initiative for P&MM

PrePay Solutions, the European leader in prepaid services, today announces that it will be providing the payment technology for P&MM’s virtual open-loop card, known as eSpree. P&MM, the industry renowned marketing services company, will be launching eSpree under the umbrella of its existing Spree programme.

E-Spree is a prepaid virtual gift card run on the MasterCard® platform redeemable online, which businesses can use as part of their engagement programmes. Non cash awards can be delivered globally for Incentive, Recognition and promotions. This will enable recipients to instantly redeem their virtual card online without having to wait for a gift card or voucher to be sent or physically issued.

PrePay Solutions first began working with P&MM in 2007, and this new virtual programme is part of the long-standing relationship between the two companies that will contribute to a broad range of new technologies and solutions.

John Sylvester, Executive Director at P&MM, comments:

We are hugely excited to be at the forefront of yet another technological advance. Using virtual prepaid cards across our programmes will enable us to deliver instant, low cost, engaging awards as part of UK and International programmes.

Ray Brash, Managing Director and Chairman, PrePay Solutions, comments:

“This new project with P&MM shows our commitment to further expanding our range of digital products and solutions and underlines the increasing market trend for instant issue virtual cards that can be redeemed online within merchants mobile and ecommerce platforms. P&MM’s virtual card will satisfy this need perfectly, as it is extremely user-friendly and practical.

“Our successful partnership with P&MM is testament to both companies’ teams, processes and strategies and we are looking forward to working on the growth of this project together.”

This was posted in Bdaily's Members' News section by PrePay Solutions .