White Eagle Chooses Transact Network for Entire Portfolio of Prepaid MasterCard® Programs

GIBRALTAR, Aug. 30, 2011 /PRNewswire/ -- Transact Network, a leading European prepaid card issuer is now providing BIN sponsorship for all of White Eagle's prepaid MasterCard® programs.

Kriya Patel, Sales Director of Transact Network explains, "I am delighted that White Eagle, one of the largest and most successful Program Managers in Europe, has decided to migrate their current and new program portfolio to Transact Network. The successful migration of the portfolio of White Eagle's existing programs and the implementation of over a dozen new programs in less than 12 months shows the strength of the relationship between Transact Network and White Eagle and our ability to build and launch programs rapidly and effectively."

"Our decision to align White Eagle with Transact Network was primarily based upon Transact Network's extensive experience gained in the prepaid market sector and our longstanding relationship with the senior management team at Transact Network.  Transact Network is an industry leader in terms of prepaid services in Europe, which gave us both comfort and confidence in their ability to support us in the future. Transact Network has continued to increase its level of internal resources in line with the growth and development of the prepaid market. This provides a solid framework for White Eagle to pursue a variety of prepaid opportunities within the UK and Europe," said White Eagle's Product and Operations Director, Sandy Sancaster.

About White Eagle UK

White Eagle UK is a technology company at the forefront of the convergence between the high growth Prepaid Card, Digital Electronic Payments, E-Money and Mobile Payments markets.  White Eagle is an approved MasterCard® and Visa Member Service Provider that gives end-to-end solutions for E-Money, E-Wallet and Mobile Payments.

About Transact Network Limited

Transact Network is a MasterCard® and Visa Europe Principal Member providing European BIN sponsorship and modular prepaid services.

Transact Network's electronic money and payment service permissions have been successfully passported to every EU and EEA member state enabling the issuance of prepaid card programs across Europe.

Transact Network's proprietary modular prepaid card service platform enables bespoke, scalable solutions, rapid implementation, low entry costs, reliable ongoing management and proven risk reduction.

Transact Network is licensed and authorized by the Gibraltar Financial Services Commission and has fully owned subsidiaries and offices in England, France, Spain, India and Bulgaria.

For more information about the types of services Transact Network provides please visit: http://www.transactnetwork.com

SOURCE Transact Network Limited