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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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Prepaid Meal Card Accepted at Over 9,000 Establishments

Peru is the scene of a new solution for thousands of businesses and hundreds of thousands of workers who, starting today, can use the new Provis® Visa Vale food and meal prepaid card nationally. Thanks to Visa and Tebca® Peru’s alliance, the solution brings all of the advantages of electronic payment to the world of food vouchers, replacing the antiquated paper coupons with the new standard: The branded electronic benefit transfer (EBT) prepaid card. “This important partnership with Visa, the largest payment network in the world, is proof of the efficiency and reliability of this new system adopted by our company”, commented José Antonio Majluf, General Manager of Tebca Perú, “Efficiency and reliability that is already a part of day-to-day operations for 50 Peruvian companies that have adopted this best practice in the last 15 months, supporting more than 50,000 workers and collaborators nationally.” “With the Provis Visa Vale prepaid card, food vouchers enter the digital era providing employees, employers, and businesses a product that offers more control over resources, simplifies processes and ultimately saves time and money”, said José Coronel, Regional Director of Visa Prepaid Cards Inc., Latin America and the Caribbean. “Through our partnership with Tebca Perú, Visa hopes to introduce these benefits to Peruvian workers, including those who lack a traditional relationship with banks.” The new Provis Visa Vale food and meal prepaid card solves three of the most significant weaknesses found in the administration and use of paper-based food voucher programs: The inability to execute transactions in exact amounts, which leads to the loss of benefits when the amount of the purchase is below the voucher value; The inability to secure or replace the value of lost or stolen vouchers which anyone can use if found; and lastly, the labor intensive and high administrative costs created by the handling and distributing paper vouchers. The Provis Visa Vale prepaid card features streamlined processes: Each month the value of the benefit is electronically loaded on the worker’s card by his employer or the provider of the benefits. The cardholder’s benefits are protected by a PIN number and, like any other branded card, transaction amounts are exact. Because cards do not have an expiration date, the unused funds are kept and can be accessed the following month by its owner. In addition, cardholders can track their balances and spending through the Web or by calling a customer support center. Another advantage of the prepaid Provis Visa Vale card is the access to the greater number of partner establishments of the Visa network. With this card, the user will be able to purchase food products in supermarkets, bakeries, restaurants, fast food chains and over 9,000 partner establishments throughout the country. Increased efficiency for businesses, increased benefits for users Peruvian companies that use the Provis Visa Vale card, can by law save up to 49.14% in labor expenses, offer more variable incentives, make bonuses easier to disburse, and simplify their annual tradition of providing Christmas baskets....
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NovoPayment Awarded MasterCard Principal Member Status

NovoPayment, Inc., Latin America’s leading prepaid program manager and service provider and parent company of Tebca and Servitebca, announced today that it has been granted a Principal Member license by MasterCard Worldwide for the issuance of MasterCard prepaid cards in the region, making it MasterCard’s first non-traditional institution in Latin America to receive the designation. The announcement marks another milestone for NovoPayment, which was also first to issue Maestro/MasterCard branded prepaid open-loop cards to replace paper food and meal vouchers in Mexico, Venezuela and Peru, among other achievements. The license will allow NovoPayment to issue MasterCard payment cards directly. Nonetheless, the company plans to continue to work closely with existing and future bank partners, which it sees as key to the industry’s development. "We are very pleased to be among the few privileged companies in the world to receive the Principal Member designation, not only because it will allow us to be more swift in deploying new programs and exploring new markets, but also for the recognition from a leader such as MasterCard and our fellow 2,400 members worldwide," said Anabel Perez, president, CEO and co-founder of NovoPayment. Founded in 2004, NovoPayment has quickly amassed the largest branded prepaid portfolio of any non-bank in Latin America, with multi-country programs in the areas of electronic benefits (EBT) such as meal and food vouchers branded Bonus and Provis, corporate cash management (fuel, payroll, incentives) and general-purpose reloadable cards (GPR) for growing unbanked and underserved market branded Plata, as well as various prepaid programs targeted to mobile and pay TV operators, utilities, banks and retailers. The company, headquartered in Miami, Florida, operates in Mexico, Venezuela, Peru and Colombia under its subsidiaries Tebca and Servitebca....
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