Nomad is capturing the prepaid market. The Europe-based company, an established card processing company is making mountainous strides in 2006. With nine additional customers and 40 new programs going live on prepaid projects, Nomad is meeting the demands of the market.
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A MasterCard approved processor, Nomad implemented open loop prepaid projects in 2006 for companies such as IDT, Tuxedo Money Solutions and Affinity where it worked on such high profile prepaid projects as Lastminute.com, Club 18-30 and the Ministry of Sound.Nomad chief executive John Yeomans stated: “I believe that the fact that Nomad’s prepaid customer base increased by 50% in 2006 is evidence of two things. Firstly, that the prepaid market is undoubtedly growing rapidly in Europe and secondly that those looking in the market are looking for partners with a clear track record in prepaid solutions. Nomad’s prepaid offering, where the company can act as a facilitator as well as a provider of robust, secure processing technology is a clear differentiator.” He added, “Customers are asking, who I will use for my prepaid project? Our real life capability means that the answer increasingly is Nomad.”
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By Eric Raby