PrePay Solutions markets prepaid card-based solutions that enable corporations, public sector and financial corporations to reduce costs and enhance efficiency. Both organizations and consumers benefit from the ease, security and convenience of card-based solutions in areas such as rewards and loyalty, gifting, expense management, and card payment for under banked people. By offering turn-key programmes, PrePay Solutions provides customers the scale and resources to deliver a seamless prepaid solution including marketing support, transactions handling and customer support services. The flexibility of the MasterCard Worldwide Network to support prepaid solutions provides scalability options and speed to market in Europe. The creation of PrePay Solutions is underpinned by Accor Services’ subsidiary PrePay Technologies – a UK market leader in prepaid cards – and acquired in 2007 by Accor Services. PrePay Technologies’ nine-year strong marketing and operating experience has already helped to bring more than 20 million cards covering a broad range of prepaid solutions to the UK, and also includes a licence to issue e-money in 17 European countries. PrePay Solutions will provide services to Accor Services and MasterCard, enabling each firm to develop solutions for its respective clients: corporate and government clients for Accor Services, banks and other financial institutions for MasterCard. At the same time, PrePay Solutions will market prepaid solutions direct to its own customers such as retailers. Robert W. Selander, President and Chief Executive Officer of MasterCard Worldwide said, “We are pleased to announce this new alliance. This joint venture with Accor, a worldwide leader in the hospitality and services sector, enables us to provide our European customers seamless and fast-to-market solutions that give them the ability to tap into the burgeoning prepaid market opportunity. This will continue to facilitate the displacement of cash and paper instruments for commercial entities while providing a safe, convenient and innovative alternative for consumers.” www.mastercard.com www.accor.com