Announces Prepaid Account Funds
Loading from Banks
San Antonio, TX, October 4, 2010 - FiCentive Inc., a leading
provider of turn-key prepaid card solutions, announced today
the release of a new service which utilizes our existing
electronic bill payment network.
Prepaid Load allows any prepaid cardholder to go to their
online bill pay site such as www.billx.com or their bank's
online bill pay site, select "PrepaidLoad.com" as a payee,
and then "pay" their prepaid card by entering their card
number. The "pay" function then actually loads value onto
their prepaid card from one of their existing bank accounts.
The consumer can also utilize Prepaid Load to load funds on
other types of prepaid accounts. An example of this product
usage to load funds on a prepaid cell phone that needs to be
The prepaid issuer only needs to register with FiCentive as
a way to have their cards or their accounts indentified to
our system. Prepaid issuers can then offer to their
customers an easy and convenient way to load money onto
their prepaid accounts.
PrepaidLoad.com is now available as a load option on over
1,000 bank bill payment sites including many major banks
that support same day loading of funds.
The model uses a "good funds" model, meaning there is little
risk of financial losses for the prepaid account issuer in
the loading process and the loading is completed within 48
hours with many loads completed on the same day. Also,
Prepaid Load is processing platform independent and
implementation can be completed in one day.
Louis Hoch, CEO of FiCentive said, "This implementation is
unique in the industry. It provides a great degree of
efficiency and convenience for the prepaid consumer and
extends new funds loading capabilities for prepaid issuers,
processors, and wireless carriers."
Hoch continued, "It is a simple registration process for the
prepaid issuer. By giving us their account number or BIN
scheme, their customers will have immediate access to a new
and convenient funds loading network."
About FiCentive, Inc.
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.
FiCentive is well positioned to capture its share of the
global prepaid market that is estimated to be more than 6.5
For more information about FiCentive, please visit
www.ficentive.com or email email@example.com.
FiCentive is a wholly owned subsidiary of Payment Data
For additional information, visit
Contact Michael Long for Investor Relations information at
210-249-4040 or email at firstname.lastname@example.org.
FORWARD-LOOKING STATEMENTS DISCLAIMER
This document contains forward-looking statements that
involve risks and uncertainties. You should not place undue
reliance on these forward-looking statements. Our actual
results could differ materially from those anticipated in
the forward-looking statements for many reasons, including
the risks described in our annual report on Form 10-K and
other reports we file with the Securities and Exchange
Commission. Although we believe the expectations reflected
in the forward-looking statements are reasonable, they
relate only to events as of the date on which the statements
are made. We do not intend to update any of the
forward-looking statements after the date of this report to
conform these statements to actual results or to changes in
our expectations, except as required by law.
FiCentive, Inc., San Antonio
Michael Long, 210-249-4040