Peter Read Recognized as Top Industry Leader; Peoples Trust, InComm and National Money Mart Company Win Best Consumer-Funded Prepaid Program for Titanium+® Prepaid MasterCard®
VANCOUVER, British Columbia, April 27, 2016 /CNW/ -- Payments eXchange, an organization that brings together leaders from the Gift, Prepaid and Payments industries to educate, collaborate and innovate, has selected Peoples Trust as the 'Leading Prepaid Organization' in Canada, and honoured Peoples Card Services' president, Peter Read, as 'Industry Person of the Year'. The Company, along with InComm and National Money Mart Company, was also recognized at the annual awards event, for the Titanium+ Prepaid MasterCard®, which took the 'Best Consumer-Funded Prepaid Program' category.
Peoples Trust is the leading issuer of Visa® and MasterCard® prepaid cards in Canada. Peter Read has led the prepaid operations of the Company to become the foremost provider of regulatory expertise and market guidance, helping card program managers around the world establish, launch, and grow card programs in Canada. Since joining the Company in 2012, Peter has driven business through the addition of 150 new programs, and nearly a 19 percent increase in dollar volume from 2014.
The Company is also proud to be the issuer of the award-winning Titanium+® program, managed by InComm and offered by National Money Mart Company. Since June 2015, the cardholder base has grown to more than 125,000, fueled by online distribution and through nearly 600 Money Mart® and Insta Cheques® retail locations across Canada.
"We're thrilled to continue to champion prepaid cards in Canada in support of financial inclusion, and help companies to re-think prepaid in order to bring innovative and new payment technologies to market," said Peter Read, president of Peoples Card Services. "We're seeing an unmatched 90 percent reload rate with the Titanium+® card, which is a great example of how easily customers can manage their spending with a prepaid product."
"When InComm was looking for a financial institution to partner with for the Titanium+® prepaid card, Peoples Card Services stood out as being entrepreneurs, and most importantly, leading subject matter experts in the Canadian prepaid market," said Bill Turner, VP Financial Services International, InComm. "Our relationship with them has enabled us to proactively adapt to the changing needs of the Canadian consumer."
"We have seen the demand for tap-and-go payment options, and the superior security of our chip and PIN enabled Titanium+® card, from our customers," said Money Mart's Tim Hickey, VP Marketing, North America. "As one of the first reloadable prepaid cards in North America to offer both EMV and contactless, the Titanium+® card provides secure and fast access to commerce for all, making it the number one consumer reloadable prepaid card for financial inclusion in Canada."
For more information on prepaid and credit card issuing services in Canada, visit peoplescardservices.com.
About Peoples Trust Company
Peoples Trust is a federally chartered financial institution that has been providing financial services to Canadians for over 30 years. For more than a decade, Peoples has been providing comprehensive issuing services for prepaid and credit cards through its subsidiary Peoples Card Services. Their regulatory expertise and market guidance have helped card program managers from around the world establish, launch and grow card programs in Canada. Peoples has issued more than 30 million cards in more than 750 programs across Canada, totaling more than $1.2 billion loads last year. For more information, visit peoplescardservices.com.
About National Money Mart Company
National Money Mart Company is a leading international financial services provider serving unbanked and under-banked consumers for over thirty years with a range of diversified products and services. They operate a network of approximately 600 stores in Canada (Money Mart ® & Insta Cheques ®). National Money Mart Company attributes their long-term success to being attuned to their customers' needs, conducting their business responsibly, and contributing to the communities they serve. For more information, visit www.moneymart.ca and www.insta-cheques.ca.
Leveraging deep integrations into retailers' point-of-sale systems, InComm provides connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 450,000 points of retail distribution worldwide. Whether those consumers are activating prepaid products, paying bills, enjoying real-time discounts through a membership card, purchasing digital goods in-store or adding funds to an online account, InComm is there to provide unique gift-gifting opportunities, cater to on-the-go shoppers, deliver added value through loyalty programs and serve cash-based consumers. With 186 global patents, InComm is headquartered in Atlanta,Georgia with a presence in over 30 countries in North and South America, Europe and the Asia-Pacific region. Learn more at www.incomm.com
Peoples Card Services
SOURCE Peoples Trust