A subsidiary of Payment Data Systems, Inc. to offer prepaid MasterCard

1,000 retail stores are expected to provide new MasterCard cards to customers by the end of the fourth quarter this year. FiCentive, Inc., a turn-key prepaid card solutions provider wholly owned by Payment Data Systems, Inc., established a long-term partnership with Encompass Communications, Inc. to offer instant issue Encompass Prepaid MasterCard(R) cards through retail outlets.

Under this program customers will be provided with a reloadable MasterCard card. The card is issued instantly and can be used immediately after the cardholder leaves the store. Besides, the program will allow cardholders to use their cards for making direct deposits and bill payments.

FiCentive, Inc. is a turn-key prepaid card solutions provider that quickly and securely delivers customized prepaid card programs for corporations, financial institutions, affinity groups or any organization that needs to deliver a financial incentive to their customers, vendors, or employees. With the global prepaid market to be more than 6.5 trillion dollars, FiCentive is well positioned to capture its share.