Carta Worldwide, a leading payment technology solution provider, announced an agreement with Transact Network to issue prepaid products for the European market.
Transact Network, the leading European e-money issuer, BIN sponsor and prepaid card services provider represents a strategic alliance for the European prepaid market. The complimentary relationship will enable Carta to take advantage of Transact’s extensive reach as a European issuer, while offering leading processing technology for the needs of Transact customers. As an authorized Principal Member with MasterCard Worldwide, Transact is able to issue cards on the MasterCard Network. Carta’s European customers will be able to take advantage Transact to issue cards across the region. With Transact’s close integration to Carta’s advanced processing platform, customers will be able to leverage an integrated prepaid service that will reduce development cost and time, and provide the most responsive service in the market so that customers can maximize their prepaid program profitability.”We are excited to partner with Transact to deliver the best possible prepaid solutions for the European market as a whole. This partnership will bring great growth opportunities for both companies, and offer a unprecedented level of service for UK and European program managers.” Brian Semkiw, CEO Carta Worldwide