KAIKU® Visa® Prepaid Card Named Winner in Seventh Annual Paybefore Awards

Brand recognized in Best General Purpose Reloadable Program and Outstanding Newcomer Categories

Prepaid Expo 2013

LOS ANGELES--()--Paybefore has chosen the KAIKU Visa Prepaid Card as a 2013 Paybefore Awards winner in both the Best General Purpose Reloadable Card Program - US Solutions and Outstanding Newcomer categories. Paybefore Awards, now in its seventh year, is the most prestigious recognition of excellence in the worldwide prepaid and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for alternative payments executives.

“We are honored to be recognized as a Paybefore winner in these two categories. The selection reinforces our desire to create an improved 'next-generation' prepaid experience for all different types of consumers, offering an eye-catching product, rich in features, but with low, limited and transparent fees”

Kaiku Finance launched the KAIKU Visa Prepaid Card in July 2012 as a next-generation prepaid product empowering consumers to more effectively manage their money with an unparalleled combination of affordability, style, transparency, access, convenience, and mobility. The KAIKU Card’s sleek design and low monthly fee of $1.95 positions itself as a lifestyle choice for today’s increasingly mobile and cashless society.

“Paybefore Awards were created to honor the companies and individuals that are at the forefront of innovation as well as successful market implementation across the globe,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “It’s a dynamic time in electronic payments as companies like Kaiku Finance continue to innovate to solve payments problems,” she continued. “We are proud to recognize its contributions to advancing the prepaid and emerging payments industry.”

The KAIKU Visa Prepaid Card was selected by a panel of five industry experts who served as judges for this year’s competition, which—once again—included a record number of entries from around the world.

“We are honored to be recognized as a Paybefore winner in these two categories. The selection reinforces our desire to create an improved 'next-generation' prepaid experience for all different types of consumers, offering an eye-catching product, rich in features, but with low, limited and transparent fees,” explains KAIKU CEO, Jon Round. “Today’s consumers are diverse, savvy and budget-conscious, and are looking for products that meet their unique needs. We're offering prepaid as a lifestyle choice for consumers of all different socio-economic groups, not as the ‘card of last resort’; people use our Card because they want to, not because they have to.”

The KAIKU Visa Prepaid Card now will vie for Best-in-Category distinction, which will be announced during the Paybefore Awards ceremony on March 4 at the Prepaid Expo (www.prepaidexpousa.com). And for the first time in Paybefore Awards history, visitors to Paybefore.com will have a chance to vote on Best in Category. The outcome of this vote (counted as one-sixth of the total) will be combined with the five judges’ picks to determine Best-in-Category honorees.

About Kaiku Finance, LLC

Kaiku Finance, LLC, is a provider of forward-thinking prepaid products and services, offering convenient, flexible and affordable alternatives to traditional banking. The KAIKU Visa Prepaid Card is a next-generation, reloadable debit card that empowers cardholders to more comfortably manage their finances by combining low fees with unsurpassed access, convenience and mobility. Product information can be located at: www.kaiku.com. For corporate information, please visit: www.kaikufinance.com.

About Paybefore

Paybefore is the leading information provider to prepaid and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of industry publications includes: Paybefore.com; Paybefore News; Paybefore Mobile™; Paybefore News International™; Paybefore Update™; Paybefore Legal™; Paybefore Magazine™, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global prepaid and emerging payment industry; and the only industry directory, Paybefore Buyer’s Guide Connections™, available online and in print. Visit us at www.paybefore.com.

The KAIKU Visa Prepaid Card is issued by First California Bank pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association and used under license. This card can be used everywhere Visa debit cards are accepted.

Contacts

Allison+Partners
Whitney Standring-Trueblood
(310) 496-4443
kaiku@allisonpr.com

Release Summary

Paybefore has chosen the KAIKU Visa Prepaid Card as a 2013 Paybefore Awards winner in both the Best General Purpose Reloadable Card Program - US Solutions and Outstanding Newcomer categories.

Kaiku Finance, LLC