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Miami Companies Join Endeavor’s Network of High-Impact Entrepreneurs

Endeavor Miami announced today that Anabel Perez, Co-founder of NovoPayment and Kairos Founder, Brian Brackeen, are the latest additions to its portfolio of selected Endeavor Entrepreneurs; they join six other previously selected Miami entrepreneurs. The new additions were chosen by panelists at Endeavor Global’s 56th International Selection Panel (“ISP”), which was held in Miami from December 8-10th. The three Miami entrepreneurs join a total of 40 high-impact entrepreneurs representing 22 companies in 13 countries, who were also selected at this panel. To celebrate the incoming entrepreneurs, Endeavor Miami hosted an event at the New World Center last night, bringing together all ISP participants, Endeavor Miami entrepreneurs, Board Members, mentors, as well as top leaders from the Miami community. NovoPayment connects banked and unbanked individuals with multiple institutions across the Americas. It provides consumers with increased access to cashless payments, and provides companies with the infrastructure to deploy their own prepaid and mobile wallet programs. “Endeavor Miami mentors have really challenged me to think bigger,” said Anabel Perez, and “I’m thrilled to be recognized as an Endeavor Entrepreneur”. “I’ve been pursuing the opportunity to be part of this selected group of high-impact entrepreneurs and I’m thrilled not only to make it big but also to build Miami”, said Brian Brackeen. Kairos provides clients with an affordable facial recognition API that allows them to recognize individuals in an easy, secure, and accurate way. Kairos’ 2D to 3D facial recognition software verifies peoples’ identities with 99% accuracy. Endeavor Miami board members and mentors are really active helping entrepreneurs strive. During this ISP, Board Members Maurice Ferré, Sean Wolfington, Andres Moreno, and Ernest Bachrach along with Endeavor Miami mentors Gustavo Cisneros, Jocelyn Cortez-Young, Daniel Heise, and Lisa Raggiri, participated as panelists interviewing entrepreneurs from 15 countries of the Endeavor world. Endeavor Miami Co-Chair, Adriana Cisneros, who participated as an observer said: “We’re excited to close this year with two more companies – which along with the other six companies we had already selected, will play an important role representing Miami and building its entrepreneurial community”. Endeavor’s International Selection Panel is the culmination of a rigorous selection process, where panels composed of top business leaders interview candidates about their businesses, high-impact leadership potential, and timing. In order for an entrepreneur to be selected, they must receive unanimous vote from all six panelists. Endeavor Miami launched its operations on September 2013 with the support of the John S. and James L. Knight Foundation and a very active local board of business leaders, each of whom believes that high-impact entrepreneurship can transform Miami. “The strength of ideas and enterprise in Miami continues to grow—both within the city and beyond its borders,” said Matt Haggman Knight Foundation program director for Miami. “These new additions to Endeavor’s global network, along with those selected previously, reveal this potential and provide a view into the future of Miami as a high-impact innovation hub.” Endeavor Entrepreneurs receive targeted services including mentorship, access to capital, access to markets, as well as access to talent. For more information on Endeavor Miami or to nominate entrepreneurs, please visit www.endeavormiami.org....
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Version 2.0 Launch of Web Interface for Enterprise Customers

NovoPayment, Latin America’s leading payments technology services company providing stored value/prepaid program design, implementation and Platform as a Service (PaaS), today announced the launch of its latest cloud-based management application for enterprise customers, Conexion Empresas 2.0 (CE 2.0), or enterprise connect 2.0 in English. The application provides multinationals greater functionality and control in their stored value cash management and disbursements. The company noted that CE proved particularly attractive among multinationals with varying personnel who travel frequently, such as airlines, hospitality, transportation companies, as well as businesses with decentralized reporting and approvals processes. "Today, payments need to be easy, secure and available 24/7 to the cash management, treasury, procurement and HR teams entrusted with administering them," said Anabel Pérez, president and CEO of NovoPayment. "CE 2.0 streamlines tasks with enhanced features and interfaces, providing enterprise users a single, ERP-integrated system that’s secure, controlled and responsive to business realities," she said. Highlights of CE 2.0 include: Multiple languages and currencies: Users can employ three languages (English, Spanish, Portuguese) and seven currencies (USD, ARS, BRL, COP, MXN, PEN, VEF) with others to follow, in addition to capturing country-specific tax information. Increased management and operational control: Related entities can now be associated to a single business group, allowing enterprise customers to employ and administer different products for individual companies and employees while improving overall cash flow and liquidity. ERP integration: CE 2.0 now integrates with more ERP systems including SAP, Oracle and Microsoft GP Dynamics, boosting efficiency, establishing greater control and real-time processing. Better security: Master users overseeing separate business units can tailor access levels and user profiles within a particular company or group of affiliated companies for a variety of transactions, including account creation, loading instructions, online or batch authorizations, reports, service orders, event notifications and delivery points. Reports and analytics: Reports include MasterCard® and Visa® cards issued by program, reload and user activity, processing status, expenditures by category, transaction history, future reloads and daily balances. In addition, users can download reports to PDF, email or export to a spreadsheet. Multiple device interfaces: Managers and end users can also download distinct applications for iPhone® and iPad®, Android® smartphone and Android® tablet, as well as Blackberry® via their respective stores. Conexion Empresas 2.0 is currently available via program managersTebca and Servitebca or as a white-labeled offering through NovoPayment...
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LATODO MasterCard Named Winner in Seventh Annual Paybefore Awards

Paybefore has chosen the LATODO MasterCard, powered by NovoPayment, the leading payments technology services company in Latin America, as a 2013 Paybefore Awards winner in the Most Effective Prepaid/Emerging Payments Solution category. The program was launched by Servitebca Peru in April 2011 with the support of Interbank, one of the country's leading financial institutions. "We believe that prepaid/stored value provides a win-win model for the vast number of unbanked and underserved Peruvians that exist today," said Anabel Pérez, President and CEO of NovoPayment. "These individuals, particularly in densely populated urban centers, are surrounded by a modern payments infrastructure that, for the first time, they can now access through LATODO, which includes mobile apps and SMS capabilities, among other features." "Paybefore Awards, in its seventh year, is the most prestigious recognition of excellence in the worldwide prepaid and emerging payments industry. LATODO MasterCard was selected by a panel of five industry experts who served as judges for this years' competition, which – once again – included a record number of entries from around the world. Paybefore Awards were created to honor the companies and individuals that are at the forefront of innovation as well as successful market implementation across the globe," said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. "It's a dynamic time in electronic payments as companies like NovoPayment and Servitebca Peru continue to innovate to solve payments problems." Marilyn Bochicchio, Paybefore's CEO, commented further, "As the world changes, so do the payment and money management needs of individuals, businesses and government agencies. The Paybefore Awards recognize the organizations that use financial services to make people's lives better, which is why it is so exciting for us to honor those who champion innovation and excellence." The LATODO MasterCard is NovoPayments second GPR program in the region and the foundation for a new breed of payments ecosystems based on stored value. The program is one that the company expects other local players to soon join, and whose model it hopes other markets will notice and want to replicate. LATODO is available in 2,500 outlets in Peru through a proprietary reloading network called, AKI, a play on the Spanish word aqui, which means "here."...
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First Reloadable Program for Peru’s Unbanked

NovoPayment, Latin America's premier prepaid card service provider, recently revealed its role in the design and delivery of Peru's first general purpose reloadable (GPR) program aimed at serving the country's unbanked population. LATODO MasterCard, launched in April by Servitebca Peru, is NovoPayments second such program in the region and the foundation for a new breed of payments ecosystem based on stored value –a program that the company expects other local players will soon join and whose model it hopes other markets will notice and want to replicate. "Connecting those who lack a traditional banking relationship with a modern payments and services infrastructure has always been a key objective," stated Anabel Perez, NovoPayment's co-founder and CEO. "Together with our partners, we are pleased to bring this offering to the Peruvian market and to provide another working example of how prepaid can provide the on-ramp to financial inclusion and a vehicle to reduce costs for those that serve the unbanked," she added. NovoPayment's Platform as a Service (Paas) capabilities fulfill LATODOs technical and financial processes and requirements from card sales to clearing transactions to compliance and customer service. This is the second GPR program NovoPayment has launched in the region, having already introduced the Plata card program in Venezuela in 2005....
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FleetCor Acquires Assets of NovoPayment in Mexico

  FleetCor Technologies, Inc. (NYSE: FLT), a global provider of fuel cards and specialized payment services to businesses, today announced that it has signed definitive agreements to acquire the Mexican assets of NovoPayment’s subsidiaries Tebca and Servitebca. With this acquisition, FleetCor will increase the size of its fuel and food card client portfolios in Mexico. Headquartered in Miami, Florida, NovoPayment is a leading provider of prepaid card programs in Latin America, with operations in Venezuela, Peru, Colombia, and Mexico. Operating locally as Tebca and Servitebca, the company has been serving clients in Mexico since 2009. Anabel Perez, NovoPayment’s president and chief executive officer remarked, “While we believe the Mexican prepaid card market has tremendous potential, we have made the strategic decision to focus NovoPayment’s efforts on our service provider business. We are very pleased to be working with FleetCor on this transaction, and believe that Tebca and Servitebca’s Mexican clients and employees will find a great organization with FleetCor.” Ron Clarke, FleetCor’s chairman and chief executive officer commented, “We are delighted to announce this deal with NovoPayment, as we continue to execute on our strategy to expand our position in ’emerging’ payment markets.” Terms of the transaction were not disclosed, and the strategic acquisition will not have a material impact on FleetCor’s financial results....
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“62%” of Mexico City HR Directors Unaware of Rules on Food Benefits

NovoPayment, Latin America’s leading prepaid program manager and service provider, announced the results of a study that reveals the need to inform Mexican companies of the benefits of recent legislation designed to promote food benefits for workers, and identifies opportunities for electronic benefits transfer (EBT) programs based on network branded prepaid. The study, commissioned by NovoPayment subsidiary Tebca and conducted by TNS Research International, surveyed human resource professionals in greater Mexico City regarding their awareness of key aspects of the Nutritional Assistance Law (LAAT by its Spanish acronym), the penetration of food vouchers in their companies, processes for administering existing programs and satisfaction. The study indicated that 62% of those surveyed had never heard of the new law. Among those respondents who knew of the law, 66% did not know that the LAAT provided fiscal benefits to companies, and 88% were unaware whether the food support benefits could be delivered in cash (they cannot). “There is a significant opportunity to inform companies about the fiscal benefits of the LAAT and the impact that modern payment systems can have on their organizations,” said Anabel Perez, President and CEO of NovoPayment. “With network branded prepaid cards, companies can easily and securely administer benefits and other payments, and employees can have the freedom to choose among nearly 500,000 points of sale nationally,” she added. The findings also highlight opportunities to differentiate prepaid food and meal programs from older, more established alternatives such as paper vouchers through improved processes, greater convenience, cost efficiency and security. Tebca Mexico launched Bonus Alimentación® MasterCard, the country’s first network branded prepaid EBT program, in 2010. The program is designed to assist public and private organizations in distributing food and meal benefits to their employees. By 2017, prepaid products in the food voucher category in Mexico are estimated to represent a business opportunity of US$ 8 billion in transactions. NovoPayment provides prepaid solutions and services in Latin America through its subsidiaries Tebca and Servitebca. Tebca provides food benefits via branded prepaid payment solutions through the Bonus Alimentación® and Provis® Alimentación card brands. Servitebca provides an array of other prepaid solutions targeting businesses, government organizations and consumers, including Plata® Compras, Plata® Gasolina, Plata® Clásica and Plata® Gift....
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NovoPayment Takes Home Two Paybefore Awards

Miami-based NovoPayment, Latin America’s premier prepaid program manager and service provider, and its subsidiary Servitebca® Mexico were honored at the 5th Annual Paybefore Awards in Orlando on Monday, taking Best in Category for their Plata Promociones program as well as the 2011 Industry Achievement Award for its CEO, Anabel Perez. Plata Promociones won in the category Best Corporate-Funded Prepaid Incentive, Reward, Rebate or Loyalty Program. The Paybefore Industry Achievement Award is given to the individual who has made the most significant contribution to the success and progress of the prepaid industry during the past year or over many years. The awards are the company’s fifth and sixth Paybefore Awards, respectively. Now in their fifth year, the Paybefore Awards are the most prestigious recognition of excellence in the worldwide prepaid and stored value card industry. The awards are presented annually at Prepaid Expo USA by Paybefore, the leading source of industry information for the global prepaid community. “NovoPayment and Servitebca Mexico have distinguished themselves in a tough field of competition,” said Marilyn Bochicchio, master of ceremonies for the Paybefore Awards and one of five expert judges for this year’s awards. “We are also proud to recognize Anabel’s contributions. She’s been a tireless advocate on behalf of the industry and financial inclusion, and serves a mentor to a new generation of professionals,” she said. Plata Promociones MasterCard® (Plata Promotions in Spanish), part of the company’s suite of corporate prepaid solutions, is a branded, turnkey program designed to help marketers of consumer and electronic goods execute contests, sweepstakes and other promotional initiatives in Latin America, using branded prepaid cards. The program streamlines the often difficult and costly process of delivering prizes to Latin American consumers. Anabel Perez is President and CEO of NovoPayment and oversees the development and operation of end-to-end prepaid programs in partnership with financial institutions, mobile operators, utilities, government agencies, retailers, microlenders and consumer goods and services companies. Since co-founding the company in 2004, she has directed its expansion to include operations in five countries, and today NovoPayment has the largest branded prepaid portfolio in Latin America of any non-bank....
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NovoPayment & MasterCard Offer Solution on Meal Electronic Vouchers

NovoPayment subsidiary, Tebca Mexico and MasterCard, leading providers of branded prepaid card solutions and payment systems respectively, launched Bonus Alimentación® MasterCard, a corporate prepaid program designed to assist public and private organizations in distributing food and meal benefits to their employees in a safe and convenient fashion. By 2017, prepaid products in the food voucher category in Mexico are estimated to represent a business opportunity of US$ 8 billion in transactions. Adopting of these products allow businesses to take advantage of certain tax incentives. “Administrating benefits through a prepaid program is a best practice. Electronic prepaid cards provide a secure platform for government entities and businesses of any size to increase efficiency and demonstrate their commitment to their beneficiaries and employees by helping them improve their quality of life and providing them modern payment tools,” says Anabel Pérez, President and CEO of NovoPayment. Bonus Alimentación® MasterCard cards can be issued in the traditional Despensa or Restaurante format (strictly for use in restaurants) and can easily be adapted to the specific requirements of each company and to changes in local food benefits legislation. With these cards, employees have the freedom to choose among more than 100,000 food and meal establishments nationally. “MasterCard food vouchers are safer and more reliable than paper vouchers for managing benefits and they are easier to administrate. This represents attractive advantages for companies, employees and establishments,” highlights Patricio Hernández, VP of New Business Development for MasterCard Latin America and the Caribbean. “In addition, MasterCard is backed by a solid technical infrastructure that gives all players access to a broad network of establishments,” he added. The funds loaded onto Bonus Alimentación® MasterCard prepaid cards do not expire and, unlike traditional paper vouchers, they can be used to purchase in exact amounts. In addition, the beneficiary can keep track of the card’s balance and transaction history 24/7 through a call center or via the Internet. The program also allows businesses to reduce administrative and financial costs, brand and personalize cards with the company and beneficiaries names, and reload cards easily and immediately through the “Tebca Online” platform. Tebca is the company created by NovoPayment for the management of its food benefits payment programs in Mexico. “The support provided by Tebca’s online platform is a key advantage in the issuance and management of food vouchers. Among other features, it connects with the companies’ payroll systems, allowing employers to administrate the program directly,” said Pablo Henonin, General Manager of Tebca and Servitebca Mexico. Bonus Alimentación® MasterCard cards are very flexible, making them the ideal way of paying variable incentives like raises, annual bonuses, and meal expenses, among others. This prepaid solution has been implemented in Peru and Venezuela since 2005, where thousands of employees have experienced the advantages of using electronic vouchers on a day-to-day basis....
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NovoPayment Mexico Launches Plata Compras MasterCard

Servitebca Mexico, a subsidiary of NovoPayment and a leading local provider of branded prepaid card solutions for businesses, announced the launch of Plata Compras MasterCard, an innovative program providing companies the ability to issue cards to their employees, sales force, distributors and other business partners, replacing traditional Christmas and end-of-year performance bonuses. “Plata Compras MasterCard is an intelligent tool for cash management. For businesses, it is a simple and fast solution; it eliminates administrative costs and reduces the risk of using cash and checks,” said Pablo Henonin, General Manager of Servitebca Mexico. “For employees, or card beneficiaries, it is a convenient way to buy whatever they want, wherever they want,” he added. The program, which can support as few as 20 cards or up to several thousand, targets many of the large and small companies throughout Mexico that struggle every year to select gifts, write checks and stuff envelopes with cash to pay annual bonuses and rewards. Plata Compras cards can carry the company’s logo, be personalized with the recipient’s name, and preloaded with the exact amounts determined by the company. They are accepted at more than 400,000 establishments nationally. In addition, the cards are supported by a 24-hour call center and online portal for checking balances, transactions and replacing lost or stolen cards. Plata Compras MasterCard is available starting today. For more information, visit www.miplata.com.mx....
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