PaySpot, a Euronet subsidiary, is the leading
U.S. prepaid electronic payments processor. PaySpot delivers the most
comprehensive array of electronic products and services through existing
credit/debit terminals, ATM machines and check verification terminals. The
company currently supports top-up purchases at more than
10,000
POS terminals across the entire United States.
PaySpot's robust innovative system provides retailers with a full suite of
prepaid solutions including prepaid wireless airtime, prepaid long distance, age
verification and prepaid debit cards. Using the same terminal technology,
PaySpot also delivers prepaid mobile content, prepaid Internet and electronic
transit payments.
Today, prepaid is the fastest growing segment in the U.S. wireless industry,
supporting 15-17 million prepaid phones. Prepaid users average 1.4 top-ups every
month. According to Telcom Services, prepaid revenues are expected to grow from
$5 billion in 2003 to more than $20 billion in 2006.
Retailers, ISOs (independent sales agents), distributors and agents that partner
with PaySpot will not only have access to the large national wireless carriers,
but also to the multitude of regional carriers as well, such as:
PaySpot also delivers airtime for many of the rapidly growing MVNOs (mobile
virtual network operators), which are companies that purchase bulk airtime from
the major carriers, then resell the airtime in proprietary consumer offerings.
Some examples of this type of carrier are JusTalk, Page Plus and Locus.
PaySpot's technology is available to retailers through a stand-alone POS
terminal or can be integrated into major retailers' electronic cash register
systems, also known as EPoS. PaySpot's technology eliminates the risks and
stocking issues associated with paper or plastic recharge cards.
PaySpot was launched in 2002 and uses a technology platform that is based on
Euronet's proprietary technology, which currently processes in excess of
18 million
prepaid tansactions per month. This prepaid services platform features a
state-of-the-art switching engine offering billing, customer service, trouble
reporting, credit management, settlement and reconciliation.
PaySpot is a subsidiary of Euronet Worldwide, Inc., which is the world's largest
provider of electronic prepaid airtime. Euronet, a public company with
headquarters in Kansas City, processes prepaid transactions at more than
162,000
terminals in nine countries
