ATLANTA, March 15, 2012 /PRNewswire/ -- At the Sixth Annual Paybefore Awards ceremony, held this week during the Prepaid Expo in Las Vegas, InComm, a leading prepaid product and transaction services company, received the award for "Best Health Care/Health Benefits Prepaid Program" for its InComm/Medagate OTC Network Solution. InComm was also honored as one of the top three winners in five other categories. Paybefore Awards is one of the most prestigious recognition of excellence in the worldwide prepaid and stored value card industry. The awards are presented annually by Paybefore, whose publications are a leading source of industry information for the global prepaid community.
The InComm/Medagate OTC Network Solution provides consumers with a prepaid card for use in purchasing over-the-counter drugs and Medicare-approved products at thousands of retailers.
"We have had the opportunity to be truly innovative with our prepaid programs for our partners and we are extremely gratified to be recognized for that innovation by Paybefore," said Devin Wade, President of Medagate, an InComm affiliate.
In addition to its Best in Category win for the OTC Network Solution, InComm was recognized in the following categories:
- Best Gift Card Program
- Best Prepaid Incentive, Reward, Rebate or Loyalty Program
- Best Prepaid Gaming Card
- Best Digital Currency
- Best Virtual, Digital or Mobile Prepaid Application category
The winning entries were selected by a panel of five industry experts who served as judges for this year's competition, which—once again—included entries from around the world.
"Paybefore Awards were created to honor the companies and individuals that are keeping prepaid on the cutting edge of payments," said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel.
"Our industry continues to break new ground and expand the reach of electronic payments because of companies like InComm, who make innovation and execution a priority," she continued. "We are proud to recognize their contributions to advancing the prepaid industry."
"Prepaid is the fastest growing area of payments because it addresses unmet payment needs of consumers, businesses and governments," added Marilyn Bochicchio, Paybefore's CEO. "Paybefore Awards recognizes the creativity of prepaid practitioners in developing programs that address these needs more effectively than cash, checks or even other types of payment cards."
InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. With approximately $15 billion in retail sales transactions processed in 2011, InComm assists more than 250,000 retail locations build prepaid card destinations, connects brands with new markets and gives consumers a simple, secure shopping experience. InComm stays ahead of emerging trends by analyzing market needs and leveraging its global, innovative commerce platform, go-to-market expertise and extensive partner relationships. With 113 global patents, InComm is headquartered in Atlanta and has offices in North and South America, Europe and the Asia-Pacific region. For more information, visit www.incomm.com or follow us on Twitter at www.twitter.com/incomm.
About Paybefore: Paybefore is the leading information provider to prepaid and stored value industry professionals, offering the latest news, commentary and analysis. Paybefore's family of industry publications include: Paybefore.com™, a searchable online news and information portal; Paybefore News™, daily news briefs delivered electronically; Paybefore News International™, a weekly compilation of prepaid news and events from outside the United States; Paybefore Update™, an e-newsletter delivered 20 times a year; Paybefore Legal™, a downloadable e-newsletter covering the legislative, regulatory and judicial developments in prepaid, as well as feature articles by leading attorneys in the field; Paybefore Magazine™, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global prepaid and stored value industry; and the only industry directory, Paybefore Buyer's Guide™, available online and in print. Visit us at www.paybefore.com.