MESA, Ariz.--(BUSINESS WIRE)--Better ATM Services (www.betteratmservices.com), a technology innovator in the ATM and prepaid industries, today announced it has been chosen a 2013 Paybefore Awards winner. Now in its seventh year, Paybefore Awards is the most prestigious industry awards program recognizing excellence in the worldwide prepaid and emerging payments industry. The awards are presented annually by Paybefore, a publications leader in payments industry. The Judges' Choice Award recognizes Better ATM Services' impact on both the prepaid and ATM industries with the introduction of the ATM-dispensed Visa prepaid gift card.
“We are proud to recognize Better ATM Services' contributions to advancing the prepaid and emerging payments industry.”
Better ATM Services CEO Todd Nuttall received the award during the Prepaid Expo USA in Orlando, Florida. In accepting the award, Nuttall said, "We are honored by this recognition of the important contribution our game-changing technology is making in the prepaid and ATM industries. ATM-dispensed gift cards and other prepaid media automate costly, time-consuming, over-the-counter sales for the world's financial institutions, while bringing back customers who are going elsewhere to purchase their prepaid products. For financial institutions, it represents an opportunity to recapture their share of the $353.8 billion in open loop cards and the $329.7 billion in closed loop cards that Mercator Advisory group reports consumers are expected to load onto prepaid cards in 2014. For consumers, it's meeting an ongoing demand for time and place convenience, accelerated by the demands of today's hectic lifestyles with a product that underscores expediency and value."
Better ATM Services was selected by a panel of five industry experts who served as judges for this year's competition, which included a record number of entries around the world. Judges' Choice is a special category created by the judges recognizing the potential for its dramatic impact on cardholders, stakeholders, and the industry overall.
"Paybefore Awards were created to honor the companies and individuals that are at the forefront of innovation," said Loraine DeBonis, Paybefore Editor-in-Chief and Chair of the judging panel. "Better ATM Services' ATM-dispensed Visa prepaid gift card program impressed the judges because it uses an existing channel to provide convenience to consumers and help financial institutions participate in the prepaid market. The judges recognized the potential of the ATM to become a powerful channel for gift cards as well as an instant issuance channel for GPR programs," she continued. "We are proud to recognize Better ATM Services' contributions to advancing the prepaid and emerging payments industry."
A national rollout of Better ATM Services' ATM-dispensed Visa prepaid gift card program is currently underway.
About Better ATM Services
Better ATM Services (www.betteratmservices.com), a Mesa, Arizona-based company, supplies patented technology that enables an ATM to dispense gift cards and other prepaid media like currency. To find out more about this technology innovator, visit www.betteratmservices.com or email firstname.lastname@example.org.
Paybefore is the leading information provider to prepaid and emerging payments industry professionals, offering the latest news, commentary and analysis. Visit Paybefore at www.paybefore.com.