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PREPAID CARD EXPO ADDS AMERICAN RED CROSS CASE STUDY, DETAILING USE OF CHASE PREPAID CARDS IN THE AFTERMATH OF HURRICANES KATRINA AND RITA
2006 Prepaid Card Expo Kicks Off This Week
Sold Out Event Slated To Be The Largest Gathering Ever In Prepaid Card Industry
Nashua, NH, February 14, 2006 – Prepaid Media, a leading provider of media and information services to the prepaid and stored value card industry, today announced the 2006 Prepaid Card Expo has added a new Disaster Relief case study which will cover the history and challenges of delivering financial assistance during disasters. Presented by Michael Brackney of the American Red Cross and Gregory Kerwick with JPMorgan Chase, the Disaster Relief case study examines the issue of how populations vulnerable to financial disruptions are addressed, especially for the unbanked, and how financial institutions play a key role in enabling that financial response. There will also be a focus on lessons learned from the response to hurricanes Katrina and Rita, and the plans and projections for future emergency funds disbursement.
"
Working with JPMorgan Chase, we created a prepaid card program which
has benefited not only those affected by disaster, but also our donors,
since the prepaid cards enable a more efficient, effective and less
costly method of financial assistance distribution," said Michael
Brackney, manager of client service program development for the American
Red Cross.
"
JPMorgan Chase is proud to have developed a market-leading prepaid
card solution for the American Red Cross that speeds delivery of financial
assistance to victims of disasters at a time when it is most needed,” said
W. Gregory Kerwick, global VP,, stored value cards and supplier & payer
payment channels with JPMorgan Chase.
"
The American Red Cross case study is an excellent example of how prepaid
card products are increasingly benefiting not just consumers, but also
large corporations and government agencies using prepaid cards in applications
that streamline the distribution of payments, government subsidies,
and corporate/government benefits and compensation," said Jonathan
A. Weiner, president of Prepaid Media. “Bringing these important
high level case studies and industry speakers together with key market
players to create a forum for open discussion has been the primary
goal of the Prepaid Card Expo.”
About Prepaid Media
Prepaid Media, a division of Prepaid Services Group, provides a host
of media services to the rapidly growing prepaid card industry, encompassing
prepaid Visa?, MasterCard? International, Discover? Network, American
Express? and other network branded cards. Recognizing network branded
prepaid cards as a distinct category of products, Prepaid Media focuses
on the payments industry as well as the many specific markets served
by these cards including: unbanked, underserved and payroll; healthcare;
corporate and consumer; and government. As prepaid continues to emerge,
Prepaid Media serves as a trusted partner, providing relevant education,
buying and selling opportunities, and organized networking to key
market participants.
The first initiative brought to market by Prepaid Media is the 2006
Prepaid Card Expo held February 15-17, 2006 at the Buena Vista Palace
Resort & Spa in Orlando, Florida. While many events covering other
card and payment products have attempted to capture relevant content
for prepaid cards, the Prepaid Card Expo is unique with its dedicated
and panoramic view of this market. For more information on Prepaid
Media and the 2006 Prepaid Card Expo, visit: www.prepaidcardexpo.com