May 4 , 2011

Canada’s prepaid leaders look towards industry’s 4th Annual Gift & Prepaid Retreat

NIAGARA FALLS--The 4th Annual Gift & Prepaid Retreat will see the Canadian prepaid business community come together to share best practice, learn of current and future market developments and take advantage of the explosion of interest surrounding this payment mechanism in Canada.

Hosted by Global Prepaid Exchange and ACT Canada alongside Cardware 2011, the 4th edition Gift and Prepaid Retreat North America – will take place on June 15th-16th. The event has been designed to support the development of prepaid in Canada by informing those already operating or looking to do so of the key drivers of prepaid and by offering guidance on how the Canadian market is likely to evolve.

With delegates from across the gift and prepaid value chain in attendance and a strong panel of international and local speakers, this ground-breaking conference will offer the industry a unique opportunity to interact with thought leaders, clients and prospects. On the occasion, Tony Craddock, CEO, Global Prepaid Exchange comments, “Collaborate - this is exactly what those in the Canadian gift and prepaid community need to do to expand the prepaid market. So far, prepaid has not realized its potential in Canada. We are setting out to reveal how prepaid will be adopted there with its own Canada shaped and Canada priced business model.”

The Retreat will comprise of the Gift and Prepaid Track at Cardware 2011, a Prepaid@Home networking and expert-led wine-tasting function and a Senior Executive Round Table. At the Retreat, Global Prepaid Exchange plans to announce the launch of Prepaid Exchange Canada to encourage growth, collaboration and competition amongst interested players, and to stimulate the development of best practices in the region. Prepaid Exchange Canada will provide organisations that have a strategic interest in the Canadian prepaid market with access to local intelligence, connections and support.

‘There has been an explosion of interest in prepaid in Canada in the last twelve months’ said Dave Hunt, Chairman of Prepaid Exchange Canada. 'To satisfy the demand for more intelligence, connections and support, we are launching Prepaid Exchange Canada to help players in the industry understand where to invest, which applications will win and how do we avoid being left behind.' He continues, 'The Retreat will bring together all the leading players for the first time. I believe this degree of interest and engagement foretells a bright future for prepaid in Canada.'

The Global Prepaid Exchange is the widest reaching prepaid industry organisation in the world with a membership of over 100 companies that spans four continents. Members are involved in issuing, processing, manufacturing or distributing three out of four of the world’s prepaid programmes.

MasterCard, Visa, Sainsbury's, First Data, InComm, CPI Card Group, Subway, Ceridian SVS and American Express all use Global Prepaid Exchange to access industry connections, obtain intelligence into the marketplace and promote dialogue between businesses with a shared commercial goal.


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