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paysafecard named winner in Sixth Annual Paybefore Awards

VIENNA/LONDON | Paybefore has chosen paysafecard as a 2012 Paybefore Awards winner in the Best Digital Currency category. Paybefore Awards, now in its sixth year, is the most prestigious recognition of excellence in the worldwide prepaid and stored value card industry.

The awards are presented annually by Paybefore, whose publications are the leading source of industry information for the global prepaid community.

“We are delighted to receive Paybefore’s Best Digital Currency Award,” said Michael Mueller, CEO paysafecard group. “The award is testament to the commitment of our entire team. It will spur us on to introduce our unique payment solution to even more markets. Our aim is to enable as many people as possible to make save online transactions.”

paysafecard was selected by a panel of five industry experts who served as judges for this year’s competition, which—once again—included entries from around the world.

“Paybefore Awards was created to honor the companies and individuals that are keeping prepaid on the cutting edge of payments,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel.

“Our industry continues to break new ground and expand the reach of electronic payments because of companies like paysafecard group who make innovation and execution a priority,” she continued. “We are proud to recognize its contributions to advancing the prepaid industry.”

“Prepaid is the fastest-growing area of payments because it addresses unmet payment needs of consumers, businesses and governments,” added Marilyn Bochicchio, Paybefore’s CEO. “Paybefore Awards recognizes the creativity of prepaid practitioners in developing programs that address these needs more effectively than cash, checks or even other types of payment cards.”

paysafecard makes online payments as easy as using cash and it offers complete security against data abuse and fraud. Anybody can use paysafecard as no credit card or bank account is required. The voucher functions like a charge card for mobile phones. The 16 digit pin code is all that is needed to make a transaction. The amount paid is then debited from the paysafecard balance, which can be checked online at any time. Over 3,500 online shops accept paysafecard. The vouchers are available at over 350,000 POS-outlets in 28 countries.

paysafecard now will vie for best-in-category distinction, which will be announced during the Paybefore Awards ceremony on March 12 at the Prepaid Expo USA (www.prepaidexpousa.com).

About paysafecard group: The paysafecard group, founded in 2000 in Austria and Germany, operate in 28 countries worldwide with offices in Vienna, London, Lucerne, Buenos Aires, Mexico City and New York. With their successful online prepaid vouchers, the paysafecard group have established themselves as Europe’s leading provider of prepaid payment solutions. In 2009 the group won awards for being the ‘Leading Prepaid Organization’ and the ‘Best Prepaid Company outside USA'. For more information, please visit www.paysafecardgroup.com.

About Paybefore: Paybefore is the leading information provider to prepaid and stored value industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of industry publications include: Paybefore.com™, a searchable online news and information portal; Paybefore News™, daily news briefs delivered electronically; Paybefore News International™, a weekly compilation of prepaid news and events from outside the United States; Paybefore Update™, an e-newsletter delivered 20 times a year; Paybefore Legal™, a downloadable e-newsletter covering the legislative, regulatory and judicial developments in prepaid, as well as feature articles by leading attorneys in the field; Paybefore Magazine™, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global prepaid and stored value industry; and the only industry directory, Paybefore Buyer’s Guide™, available online and in print. Visit us at www.paybefore.com.

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