In today's economy, consumers and businesses are more vigilant about spending, looking for new and better ways to make every dollar go further. As a result, prepaid is taking on a larger role in the payments industry — giving consumers the means to compartmentalize their spending, giving the underbanked a cost-effective and secure financial services tool and letting businesses and public-sector agencies drive cost efficiencies, transparency and accountability.

It is no wonder that global prepaid spending is estimated to reach $680 billion by 2015, according to a May 2008 study commissioned by MasterCard and conducted by Boston Consulting Group and PSE Consulting.

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