Metavante launches MasterCard® rePower™ service in Europe

Metavante Technologies Limited announced the first live implementation of MasterCard® rePower™, the point-of-sale reload service for MasterCard® and Maestro® prepaid cards in Europe. The announcement was made at the Prepaid 09 Conference and Expo in London, sponsored in part by MasterCard and Metavante.

MasterCard rePower leverages the extensive MasterCard merchant infrastructure through its acquiring partners to deliver a European network of top-up locations for prepaid MasterCard and Maestro cards. Metavante has been working closely with MasterCard and will be the first processor in Europe to complete the implementation which will service Advanced Payment Solutions’ (APS) range of prepaid card programmes. A leading European prepaid card provider, APS outsources the processing of all of its card programmes to Metavante. 

John Yeomans, president of Metavante Technologies Limited said: “This is a major step forward for the prepaid card industry. One of the most significant hurdles for any issuer in providing customers with high utility prepaid products is the provision of widely available reload points. MasterCard rePower allows our card issuers and programme managers to do just that, and the return on investment of their card programmes is likely to improve as a result.”