The prepaid card industry can do a lot of good, especially by providing alternatives to costly, risk payment services.
New York, NY (PRWEB) February 28, 2012
Plastyc CEO, Patrice Peyret, will join top consumer advocates to explore how the prepaid card industry can better serve consumers in a panel session titled, "Serving the Consumer: At the Table with Consumer Advocates" at the Prepaid Expo, March 12 - 14 in Las Vegas.
It's easy for providers to claim that a prepaid business puts the consumer first. But, what do consumer-centric prepaid products that add value for both the consumer and the provider really look like? In the session, experts will address what makes a high-quality prepaid card. The session will also explore how new guidelines can help prepaid businesses improve the value of financial services for the consumer, understand consumer groups' requirements for endorsing prepaid programs, and implement internal processes to comply with consumer advocacy standards.
"The prepaid card industry can do a lot of good, especially by providing alternatives to costly, risk payment services," said Peyret. "But, as an industry, we need to do a better job of tailoring products to meet consumers' needs better and more affordably than alternatives. That is the topic we will explore in this session."
Rachel Schneider, Vice President of Innovation and Research at the Center for Financial Services Innovation, will moderate the panel. In addition to Plastyc's Peyret, participants will include Michelle Jun, Senior Attorney with Consumers Union, the publisher of "Consumer Reports"; Lauren Saunders, Managing Attorney, National Consumer Law Center; Paul Hagy, Chief Legal Counsel at MetaBank and Dan Henry, CEO of NetSpend. "Serving the Consumer: At the Table with Consumer Advocates" will be held Tuesday, March 13 at 8:30 am.
Prepaid Expo is the gold standard of prepaid events with over 1,700 attendees and a six-year track record. Independent market research and an unbiased conference structure afford the entire stored value payments industry the opportunity to be inspired by provocative keynotes, connect with the leading companies in prepaid, and discover the regulatory issues, emerging and mobile payment technologies, distribution challenges, and consumer insights changing business.
Keynote speakers at the Prepaid Expo include Arianna Huffington, President and Editor-in-Chief of Huffington Post Media Group; Nick Bilton, Technology Columnist at the New York Times; and Wayne Best, Chief Economist at Visa, Inc.
About Plastyc, Inc.
Plastyc delivers good banking to all by providing 24x7 access to FDIC-insured accounts through any Internet-connected computer or cell phone. Unlike traditional checking accounts, Plastyc's iBankUP portal and UPside cards never incur overdrafts, and they offer better services at lower prices, with more ways to receive money and no risk of over-spending it. Plastyc's principals and directors have a track record as financial services innovators at companies including Gemalto, Oberthur, Signio (now part of PayPal, an eBay company), ClairMail, Lending Club, and Genetic Finance. Plastyc is privately held with headquarters in New York City. For more on Plastyc, visit http://www.plastyc.com