Ceridian Stored Value Solutions GmbH (SVS) has recently become a founding member of the Prepaid Forum Deutschland (PFD). The launch of this trade organization follows a sharp rise over recent years in the use of prepaid payment solutions throughout Germany.
The PFD represents the prepaid payments industry in Germany at a governmental level and lobbies for change in the legislative framework governing prepaid solutions. This includes a bill currently being considered by the federal government concerning e-payments and money laundering.
Juergen Stichenwirth, Vice President of Sales for Continental Europe and the Middle East for SVS, said: "We were delighted to become a founding member of this excellent and much needed organization. Being a member means we have our finger on the pulse and are sensitive to the market as it develops. This is hugely exciting for us and SVS will continue to be directly involved in the German prepaid industry, helping to cultivate innovation along the way."