This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Prepaid Financial Services Ink Strategic Partnership With Deutsche Card Services

LONDON, January 31, 2013 /PRNewswire/ --

Prepaid Financial Services (PFS), a leading global provider of prepaid solutions and preferred MasterCard® Supplier, and Deutsche Card Services (DeuCS) have announced the signing of a strategic partnership to develop and deliver innovative prepaid card solutions across Europe. The strategic agreement is an outcome of the prepaid card providers' continuous expansion in new territories and the full-service acquirer and payment service providers' aim to deliver excellent solutions in response to client demands.

Within the agreement, Prepaid Financial Services will work with Deutsche Card Services to develop prepaid card solutions for corporate clients. Some markets, e.g. Germany, where prepaid cards do not yet play as important a role, as they do in other regions such as UK, Italy and US, are especially interesting. Corporate clients, within these regions, are missing out on the significant benefits of prepaid card solutions. Prepaid solutions can be beneficial for travel and other corporate expenses, payment of disbursements, benefit payments, compensation payments e.g. for airlines and insurance companies and payroll administration, especially where banking facilities are underdeveloped.

At the outset, PFS will provide the technology and support to enable DeuCS to offer new payment solutions across different regions and territories whilst DeuCS will provide PFS with strategic access to clientele in new operating regions. The cooperation also includes plans to jointly develop new services in the future.

Noel Moran, Chief Executive Officer at PFS, commented: "We are extremely excited to be partnering with a highly respected organisation such as DeuCS. This partnership provides further validation of our growing stature as an industry leading global prepaid provider."

Jens Mahlke, Management Board member of Deutsche Card Services, stated: "We are happy to offer our clients and partners the world class prepaid solutions of PFS. This step is especially exciting for DeuCS, as we expand our service portfolio out of our native soil 'acquiring' to the opposite 'issuing' side of the card business."

Notes to Editors

About Prepaid Financial Services:

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,987.51 -61.49 -0.36%
S&P 500 1,985.54 -11.91 -0.60%
NASDAQ 4,567.5980 -24.2080 -0.53%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs