FiCentive to Support Discover Prepaid and Gift Card Programs

Louis Hoch, CEO of FiCentive, stated, "We are excited to work with DFS, a leader in the electronic payment industry, to expand our penetration of the prepaid card market. We anticipate creating and marketing many new and exciting card programs with Discover Network which will present new payment solutions to our growing customer base. We anticipate launching our first Discover Network card program in early 2009."

In addition to offering a suite of full-service prepaid debit card solutions, FiCentive also can now offer merchants, financial intuitions and cardholders the distinct benefits of Discover Network including:

• Zero floor-limits and real-time authorizations for all transactions, which will help prevent overdraft situations;
• Real-time remaining card balance displayed in the authorization on most retail POS receipts, which provides a convenient money management tool;
• Selective authorization for customized incentive programs, which allows Payment Data Systems to create and manage innovative and specialized card programs;
• Fee-free "Cash Over" the amount of purchase at convenient, everyday-spend destination sites; and
• Industry-leading fraud prevention and mitigation procedures.

"Our agreement with FiCentive further extends our reach into the expanding prepaid marketplace," said Tom Crowder, general manager of network prepaid strategic development for Discover Financial Services. "We are pleased to have them as one of our prepaid partners and look forward to working with them to develop new and innovative prepaid programs."