Boston, MA, October 15, 2009 – A new report from Aite Group, LLC provides an
overview of branded prepaid card processors, and looks at trends shaping branded prepaid card processing. Eight branded prepaid card processors are
scored on elements pertaining to their business strengths and weaknesses, and the functionality of their offerings, and nine processors are profiled.
As the market continues to grow and legislation threatens to change the way branded prepaid issuing is done, processors need to invest in technology
to play a significant role in meeting all new demands and remain competitive. The technology platform utilized by the profiled processors dictates how that processor
will implement changes and move beyond the status quo. It is important that processors invest in newer technology in lieu of adding more patches to an antiquated
processing system that continues to approach the end of its life.
"Among branded prepaid card processors, there is no one-size-fits-all solution," says
Adil Moussa, analyst with Aite Group and author of this report. "Processing
vendors serving the branded prepaid card market vary on price, level of service, and technology platform, among other things. Issuers and program managers entering the
branded prepaid market should evaluate their needs carefully and match them with the strengths of the processor they choose. Technology should not be ignored, and
processors using antiquated processing systems offer little benefit."
The report evaluates and profiles nine branded prepaid card processors: eCommLink, Fidelity National Information Services, First Data, FSV Payment
Systems, Galileo Processing, i2c Inc., Metavante Corporation, Springbok Services and TxVia.
This 57-page Impact Report contains nine figures and eight tables. Clients of Aite Group's Retail Banking services can download
the report by clicking on the icon to the
right. 
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