Wednesday, September 28, 2011

2012 Paybefore Awards: Call for Nominations

We wanted to give you a head's up that Paybefore is accepting nominations for the 2012 Paybefore Awards. You can nominate your company’s prepaid program, product or service for recognition. Or, nominate a business partner's program.

The Path to Recognition Starts Here

In its sixth year, Paybefore Awards is the most prestigious international event honoring the best in the worldwide prepaid community. And this year, we're shaking things up with two key areas of recognition—Excellence in Prepaid Vertical Markets and Excellence in Strategy, Technology and Innovation. We've also added new categories to reflect our dynamic industry, including Breakout Prepaid Company of the Year.

Winners will be announced in Paybefore Update and on, and recognized publicly at the largest gathering of prepaid professionals anywhere in the world —Prepaid Expo.

You can't win unless you're nominated, so download the 2012 Paybefore Awards simplified Nomination Form below:

Nominations must be received by Friday Nov. 18, 2011.
* Completed nomination submission forms must be received by 5:00 P.M. EST, Fri., Nov. 18, 2011. For any Paybefore Awards questions, please contact Jennifer Spiller at +1 617.671.1157 or

Join us for the 2012 Prepaid Expo and the Paybefore Awards Ceremony, taking place March 12-14, 2012 in Las Vegas, NV, reserve your spot today.

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Wednesday, September 14, 2011

Significant Growth in Closed-Loop Cards:

Mercator Advisory Group’s recent market assessment indicates a growth in the closed-loop prepaid market, increasing by 13 percent since 2009. A closed-loop prepaid card may only be redeemed where it was purchased, whereas an open-loop prepaid card can be used at multiple locations. Growth in the closed-loop prepaid market has been driven by the In-Store Gift Card segment, which continues to grow and develop as retailers move from thinking about prepaid cards as a plastic version of paper gift certificates to a multi-functional promotions and sales tool," says Ben Jackson, senior analyst in Mercator's Prepaid Advisory Service and author of the report.

The growth in the close-loop prepaid market coincides with our nation’s recession. Are more Americans relying on prepaid cards during this economic hardship? What other factors could potentially affect the rise of closed-loop usage? Mercator Advisory Group’s chart below measures just how far closed-loop prepaid cards have grown in the U.S. within the last seven years. For full size image click here.

To learn more about prepaid cards or our 2012 expo please visit

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