Prepaid Technologies Marks 20 Years of Prepaid Innovation and Success

Technology and culture key drivers of growth for payment and rewards leader

Birmingham, Ala., October 2, 2018 – Prepaid Technologies, a leading provider of payment and rewards solutions is celebrating a remarkable 20 years serving the prepaid card industry.

The open-loop prepaid card industry was just in its infancy in 1998, when banking veteran Tommy Mcculley envisioned new applications for payments, gift and rewards cards. Financial institutions and several national consumer brands were among the company’s first customers. The company was also one of the first payroll card providers, at a time when paper checks were the mainstay for most employers, despite many workers’ needs for an alternative. 

“The commitment to stay the course in those early years and find creative ways to grow right alongside the prepaid industry has been instrumental to our success,” said Prepaid Technologies founder and chairman, Thomas Mcculley. “Our team has helped hundreds of customers build programs from the ground up, and we remain passionate about delivering innovative, timely solutions and an unmatched pledge to personal service and business growth.”

Today, prepaid has become a $300 billion industry with numerous market applications, and Prepaid Technologies has embraced technology to serve many of them. The company helps customers not only make payments faster and more secure, but uses technology to elevate the payments experience itself. “Our ability to leverage technology to speed our client payment processes and to make the delivery monetary value with added value is exceptional,” said Steve Fussell, president.

Prepaid Technologies has collaborated with some of the most progressive players in the payments space. Of note is their work with Visa on a contactless payment ring program for Team Visa Olympic athletes and their API integration with dozens of platforms to deliver prepaid payment and reward products in real-time to users as part of their solutions workflow.

“We’re built on banking and technology expertise, but our employees dedication to customers is the backbone of our organization’s business approach,” said Prepaid Technologies CEO, Stephen Faust. “Every single team member demonstrates a commitment to client-centered support and innovation, and that continues to translate to long-standing client partnerships and a diverse base of business across many industries.”  

Learn more about Prepaid Technologies and their innovative approach to the future of payments.

About Prepaid Technologies

A pioneer in financial technology, Prepaid Technologies has been providing innovative electronic payment solutions including payroll, expense, gift, reward and incentive card products to employers, financial institutions, and government agencies for 20 years. Learn more at

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