March 22, 2012

ACE Cash Express Named Winner in Sixth Annual Paybefore Awards

Paybefore has chosen the ACE Elite™ Prepaid Card as a 2012 Paybefore Award winner in the Best General Purpose Reloadable Program category. In addition, ACE Cash Express was selected as a winner in the Top Prepaid Retailer 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 extremely honored to receive multiple awards and recognition from Paybefore and our industry peers,” said ACE CEO Jay Shipowitz.

ACE and its ACE Elite product, issued by MetaBank and managed by NetSpend, were selected as winners by a panel of five industry experts who served as judges for this year’s competition, which included entries from around the world.

 “Paybefore Awards were 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 ACE Cash Express, who make innovation and execution a priority. 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,” said Marilyn Bochicchio, Paybefore’s chief executive officer. “Paybefore Awards recognize the creativity of prepaid practitioners in developing programs that address these needs more effectively than cash, checks or even other types of payment cards.”

Since 1968, consumers seeking retail financial services have counted on ACE to deliver the products they need. In 2002, ACE and NetSpend partnered to design the best comprehensive solution to promote ongoing use of prepaid cards. As a pioneer in the market, ACE quickly became a leader in retail card distribution with more than 1,500 locations.

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