Polymath Consulting, a leading consultancy on prepaid and emerging payments, today at the Prepaid Expo in London announced the launch of the new FREE global prepaid processor database.
The new database created by Polymath Consulting, offers data on nearly 100 open loop, prepaid card, scheme certified processors who offer outsourced processing solutions to the market. The database is free for users to interrogate with no registration required and free to processors to put their details on. Polymath Consulting has written to all the processors inviting them to enter their information on the system, and Polymath from their own unique database has populated information on many processors. The new, free to use database, can be found on the main Polymath Consulting website: www.polymathconsulting.com/openloopprocessors and via the members' area of the PIF website at www.prepaidforum.org
David Parker, CEO of Polymath Consulting commented "With nearly 100 outsource prepaid scheme processors offering their services around the world it can be very confusing for brands, banks and programme managers looking for the right partners. We believe this free database for everyone in the prepaid sector will be a useful service to assist companie in finding the right partner"
Any processor not already on the system, but meeting the requirements, is free to add their details to the system. Whilst not all data fields are complete for every processor, the ability of the system allows processors to put information on what regions they have live cards in and are willing to serve along with for what schemes. Their languages supported along with details on a range of more specific capabilities such as multi-currency cards, EMV certification etc. Processors also have the ability to upload a logo and presentation along with a free text area so they can describe their services.
Users can interrogate the system based on just geographic and scheme coverage or with more detailed capability requests. Users are then offered a list of processors that meet their requirements. By clicking on the processor they can see further information on the company along pany along with capabilities and full contact details.
David Parker, went on to say "We have been very pleased by the support we have received from processors globally for this new service along with organisations such as trade bodies PIF and GEMA who have agreed to provide links on their website so their members can make use of the free service"