Nomad Captures Prepaid Market

Posted: Feb 16 2007, 12:00am CST | by , Updated: Aug 11 2010, 1:00am CDT, in News | Other Stuff


Nomad Captures Prepaid Market
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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.

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, 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.”

Press Release

By Eric Raby

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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