Clear2Pay and Edenred Launch Prepaid Lunch Voucher Program in Belgium Market

According to this article in ecommerce-journal Clear2Pay and Edenred have partnered to release the first ever card-based luncheon voucher in Belgium. The card will replace paper based vouchers and can be used for food purchases at retail stores and restaurants. Edenred has been working on this project with large retail customers in order to ensure that this ran smoothly. In addition to that, the card reduces a lot of administrative support and produces faster payments.

What's in store next for the European prepaid market?

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Smartcard Marketing Systems is Leading in Online Prepaid Cards

Wired.PRNews.com reports that Smartcard Marketing Systems Inc. had announced that its Prepaid Card Loading, Pin Debit, and Payment processing volume has increased in triple digits to $367,000 for the month of September 2008. Its gain in card loading and payment processing specifically in August has grown up to 10 times larger than last year’s August total and 22.6% greater than last month’s total.

President Bruce Baillio mentions:

“This striking growth is the result of continuing to fill our backlog of prepaid card orders and the launch of our VelocityMoney.com Online Bill Pay service both in Canada and the US.”

It will be interesting to see if this growth in prepaid cards will continue throughout the current economic situation.

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