FORT LAUDERDALE, Fla., Jan. 29, 2014 /PRNewswire/ -- Wave Crest Group Limited, Wave Crest, a multi-currency digital payments platform that offers full-service on a global scale, has been recognized with three 2014 Paybefore Awards.
Given for excellence in the worldwide prepaid, mobile and emerging payments industry, Paybefore Awards recognize top companies in 23 categories. This is Wave Crest's second year to be recognized; the company was honored in last year's Paybefore Europe awards as the Breakout Company of the Year. This year, Wave Crest's honors come in three categories:
- Boundary Buster – Company for enabling its "payments as a service" platform that supports multiple payment scenarios, where the power of technology, licenses, partnerships and innovation is in the hands of the client. Wave Crest integrates every key payments platform element, eliminating the need for multiple vendors, to quickly and easily come to market across multiple geographies, languages and currencies. Learn more.
- Boundary Buster – Program for best use of prepaid in a new market segment or industry for its electronic lottery payment solution in support of GTECH, the world's largest lottery processor. This combined closed loop and open loop solution transitions a largely cash-based market to prepaid. For consumers it eliminates the traditional time consuming process of purchasing paper lottery tickets and then redeeming prizes in-person. Winners can spend prize money with a Wave Crest-issued Discover card, which accesses their lottery account. Learn more.
- Head of the Class for Wave Crest's student prepaid card for Tuition Management Systems, which gives college students who receive financial aid a convenient payment system to manage expenses after their tuition is paid. The program runs on Wave Crest's robust platform, which handles large-scale payment programs worldwide. The "educatecard" provides fast, secure, compliant, and universally accepted access to funds, and can be white-labeled for University branded card programs. Learn more.
"We are very honored to be recognized by Paybefore for our industry contributions," said Miles Paschini, group president, Wave Crest Group Limited. "By offering a flexible, nimble platform, and collaborating with some of the industry's most forward-thinking partners, we are removing barriers to entry and increasing speed to market across the globe."
"Wave Crest and its fellow Paybefore Award winners shine a spotlight on the incredible innovation that is constantly taking place in the payments industry," said Marilyn Bochicchio, Paybefore CEO. "Each winner is creating solutions that solve industry problems and create new opportunities for growth, and best-in-class way to serve consumers, businesses and government worldwide."
About Wave Crest
Wave Crest provides award-winning digital payment solutions to corporations and governments worldwide. Programs include employee, student and taxpayer disbursements, mobile wallets, prepaid cards, lottery payments, pre-defined and custom offerings. Wave Crest Holdings Limited in Europe is a regulated e-money issuer and a principal member of MasterCard Europe and Visa International. Wave Crest Payment Services of the Americas, Inc. is a FinCEN-registered prepaid access provider, and a non-financial Discover Issuer. Visit us at www.WaveCrest.gi.
SOURCE Wave Crest Holdings Limited