Network Branded Prepaid Card Association Names Doug Bower As Executive Director And President Of The Association
PR Newswire Association LLC |
"After an intensive search, we are pleased to welcome an experienced executive like Doug to help lead the trade association forward into its next chapter of growth and increased presence in
"Doug will bolster our current efforts of engaging members of
Doug is a senior management executive with more than 20 years of experience guiding business-line operations, strategic planning, new business development, marketing, revenue growth and financial planning for profit and non-profit businesses.
Most recently, Doug was the Executive Vice President of Business Development for BlueYield, an auto lending exchange. He came to BlueYield from the
Preceding his tenure with AAA, Doug held executive positions with
"As Executive Director of the NBPCA, I am excited to have this terrific opportunity to support an innovative and fast-growing sector of the financial services industry providing a safe, convenient and efficient means of managing, spending and transferring money for consumers, government and businesses," Bower said.
"Prepaid products help build financial inclusion. I look forward to strengthening NBPCA's success by continuing to advocate, protect and promote its key priorities of inclusion, consumer education and outreach and the benefits of different types of prepaid cards to its wide range of stakeholders," added Bower.
Each year, general purpose reloadable cards, also known as "prepaid debit cards," continue to grow in popularity among consumers as a financial choice to manage their money. A new survey conducted by
Consumers across generations and income groups expressed roughly a 70% satisfaction rate with prepaid cards. The survey found consumers with annual incomes greater than
NBPCA members are committed to helping to shape the future of prepaid cards, an evolving payment tool that has helped countless numbers of consumers and businesses. Members of NBPCA include financial institutions, card organizations, processors, program managers, marketing and incentive companies, card distributors, law firms and others committed to promoting consumer choice and continued access to this valuable product.
In response to both the industry's rapid growth as well as that of the trade association, NBPCA's Board of Directors decided earlier this year to move the association's main office to
About the NBPCA
SOURCE
Wordcount: | 634 |
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News