Fiserv has just enhanced its prepaid capabilities through acquisition: 
“Fiserv has acquired prepaid card processing and other technologies developed by Maverick Network Solutions, a Delaware-based provider of advanced prepaid and reward and incentive card programs. The Delaware start-up and its employees became part of the Fiserv Card Services group on March 1, 2011.”
This acquisition, combined with Fiserv’s existing prepaid support, enables Fiserv to deliver the full spectrum of prepaid services:
“Fiserv will offer prepaid processing, turn-key program management, and support of general purpose reloadable and payroll cards for large financial institutions and corporations.
“The vision for our prepaid solutions is a holistic prepaid offering that will include processing, program management, a DDA replacement card and private label programs.”
This ensures that Fiserv is well positioned to support financial institutions that are more aggressively adopting prepaid in the wake of lost revenue due to the impact of Reg E and the Durbin Amendment. Mercator Advisory Group research has forecast this as an $18 billion market by the end of 2013.
