Parago, Visa® Prepaid Rebate Program for MetroPCS Recognized as One of the Best Prepaid Incentive, Reward, Rebate or Loyalty Programs by 2012 Paybefore Awards

LEWISVILLE, Texas, March 6, 2012  /PRNewswire/ -- Parago, a leading provider of end-to-end engagement management programs for consumers, sales channels and employees, today announced that its rebate program for MetroPCS Communications, Inc., leveraging a branded Visa prepaid card as reward delivery, is a winner of the Best Prepaid Incentive, Reward, Rebate or Loyalty Program category in the 2012 Paybefore Awards.

Paybefore Awards is the most prestigious recognition of excellence in the worldwide prepaid and stored value industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for the global prepaid community.

The Parago rebate program for MetroPCS, which has now spanned two years, offers rebates on a variety of MetroPCS phone models with a branded Visa prepaid card as the reward vehicle. Since the launch of the prepaid rebate program, MetroPCS has enjoyed very positive results.

"We have been delighted to work with MetroPCS and Visa to deliver an intelligent consumer incentive program that leverages prepaid rewards to drive customer acquisition, revenue and delight MetroPCS consumers in new ways," said Juli Spottiswood, Parago President & CEO. "We are proud to have pioneered the use of prepaid cards for promotional incentives, as the payments vehicles have now become a staple in our industry. We are honored to be recognized by Paybefore."

"Paybefore Awards was 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 the businesses that make innovation and execution a priority. We are proud to recognize the contributions of our winners to advancing the prepaid industry."

This year's Paybefore Awards was extremely competitive, with companies from across the globe vying for recognition as the best in the world in 20 diverse categories. Winners now are competing to be named "Best in Category" at the 2012 Paybefore Awards ceremony to be held during the Prepaid Expo USA, March 12 at 5-5:45 p.m. in the Islander Room at Mandalay Bay in Las Vegas.

About Parago

Parago is a leading provider of end-to-end engagement management programs for consumers, sales channels and employees, which deploy technology to drive better results. Parago provides services to many of the top companies around the globe. Parago has distinguished itself in the rewards-based incentives field for more than ten years by consistent reinvention of legacy approaches, introducing 27 industry firsts and receiving three patents. Parago issues more than $2 billion dollars in rewards every year, and offers the most all-inclusive approach to turn-key consumer, channel and employee management worldwide. For more information visit www.parago.com, the Parago blog or Twitter.

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 keeps subscribers on the cutting-edge of global prepaid and emerging payments news. Visit us at www.paybefore.com.

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Juli Spottiswood
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SOURCE Parago