Mastercard, a leading global payments and technology company has become a benefactor of the Prepaid International Forum (PIF), the not-for-profit trade association representing the prepaid financial services sector.
At the same time, Darren Deal, Head of Prepaid in the UK and Ireland is joining the PIF Board of Directors.
Mastercard joins a growing membership of organisations committed to advancing the success of the prepaid industry. PIF was established in 2006 to support and enable an innovative, ethical and sustainable sector for prepaid. PIF actively advocates for policies and standards that protect and enhance the use of prepaid solutions, and proactively promotes a positive image of the industry to consumer bodies, regulators, government departments and the media.
PIF’s Commercial Director, Diane Brocklebank said:
“Prepaid solutions are rapidly transforming the way we pay and get paid. Mastercard is a powerful driving force in this process, empowering consumers, businesses and governments to transform the way they engage with financial services.
“A key role of PIF is to promote the positive difference prepaid makes to the lives of consumers and we are immensely proud that Mastercard supports our values and has chosen to become a benefactor”.
Darren Deal, Head of Prepaid, UK&I, said:
“Mastercard is very proud to become a benefactor of PIF and support the great work that is being done. With a significant majority of prepaid products in the UK being issued with the Mastercard brand, it is essential that we support PIF in its goal to promote the many benefits prepaid has to offer. We look forward to working in partnership with PIF and its membership.”
NOTES TO EDITORS
The Prepaid International Forum (PIF) is a principal trade association for the prepaid industry. We believe that prepayment is a responsible way to pay for goods and services, and that consumers should be confident in the security of prepaid services and the money that is stored on their behalf.
Established in 2006 as a not-for-profit organisation, PIF works closely with industry, regulators, government departments, consumer bodies and the media to promote understanding of prepaid as well as providing support and education to proponents of prepaid worldwide. To learn more about PIF visit www.paymentsinnovationforum.org
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Prepaid International Forum (PIF)
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