PrePay earns MasterCard Chip and PIN certification

Source: PrePay Technologies

PrePay Technologies Ltd., the market leader in stored value card solutions, has obtained certification from MasterCard to issue Chip & PIN Cards to supplement its existing magnetic stripe card processing capabilities.

Statistics from APACS indicated that in excess of 130 million Chip and PIN cards had been issued and it is estimated that 87% of all tills in the UK have been upgraded to be able to use the new, more secure technology for card payments.

Garry Comley, Chief Operating Officer at PrePay Technologies, states "Gaining Chip & PIN certification from MasterCard means that we are able to further extend the capabilities of our processing platform allowing us to deliver the right technical solutions for the right products. Chip & PIN has proved to be a UK success story and we were keen to be able to provide our customers with this increased functionality through our processing systems."

PrePay Technologies Ltd. provide the technology and expertise behind some of the most successful Gift Card & Travel Money Card programmes in the UK marketplace including Debenhams, Western Union, Comet, Topshop, Topman, Miss Selfridge, Dorothy Perkins, Outfit, Wallace, Evans, Burtons and Laura Ashley amongst various others.

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