StoreFinancial and Clients Named Winners in 2014 Paybefore Awards

(PRWEB) February 28, 2014

StoreFinancial is proud to announce that Cadillac Fairview Corporation Limited (Cadillac Fairview), UMB Financial Corporation (UMB), Pay-Plus® Solutions, Inc. (PPS), and StoreFinancial have all been named winners in the 2014 Paybefore Awards.

Awards will be presented at the eighth annual Paybefore Awards ceremony on March 4, 2014, in conjunction with the All Payments Expo (APEX) in Las Vegas, NV.

Cadillac Fairview received a “Best Choice Retail Card” award for the Cadillac Fairview SHOP! CARD®. PPS’s Virtual Healthcare Claims Settlement received a “Killer Technology” award. StoreFinancial received a “Killer Technology” award for its proprietary CardSpot® Activation technology.

These entries were selected by a panel of five industry experts who served as judges for this year’s competition. “An industry is only as good as its innovators. This year’s Paybefore Awards have demonstrated that prepaid, emerging and mobile payments companies always find new ways to address consumer, government and business needs,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “We are proud to recognize StoreFinancial’s contributions to advancing the industry.”

For eight years, the Paybefore Awards has conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for alternative payments executives.
The three award-winning entries are described in the following paragraphs.

1.     Cadillac Fairview SHOP! CARD® – “Best Choice Retail Card” Award Winner
The SHOP! CARD® is Canada’s first national shopping centre gift card. It is accepted at thousands of shopping, dining and entertainment destinations at 21 premier Cadillac Fairview shopping centres across Canada. The SHOP! CARD® is a gift card that utilizes a Restricted Authorization Network (RAN) private redemption network which directs 100% of the spending back to Cadillac Fairview shopping centre merchants. The SHOP! CARD® was designed to create a national footprint across Canada, improve customer loyalty and provide a truly personalized gift experience.

2.    Virtual Healthcare Claims Settlement – “Killer Technology” Award Winner
Virtual Healthcare Claims Settlement is a commercial payment platform developed by PPS in collaboration with UMB and StoreFinancial which enables PPS to process claims payments to healthcare providers more quickly and efficiently using a virtual card application. UMB as the program manager and issuer, along with StoreFinancial as the payment processor, support the epayment services which PPS delivers to healthcare providers. PPS utilizes a patent-pending process to deliver funds electronically via a virtual card along with an explanation of payment (EOP) directly to healthcare providers via a newly developed web-based portal on http://www.ppsonline.com. PPS offers the only system designed exclusively for healthcare that combines banking functions, claim payments and remittance.

3.    CardSpot® Activation – “Killer Technology” Award Winner
CardSpot® is a proprietary software application developed by StoreFinancial that enables immediate gift card activation from client locations. CardSpot® Mobile is the mobile app version of CardSpot® which provides the same functions but from Android and IOS devices. Regardless of a merchant’s volume, geography or affiliation, both CardSpot® and CardSpot® Mobile work seamlessly with any platform to expedite gift card sales, which is especially useful during heavy traffic such as special events and seasonal shopping.

The Cadillac Fairview SHOP! CARD®, Virtual Healthcare Claims Settlement and CardSpot® Activation now will vie for Best-in-Category distinction, which will be announced during the Paybefore Awards ceremony on March 4, 2014 at the All Payments Expo (APEX).

About Cadillac Fairview Limited Corporation
The Cadillac Fairview Corporation Limited is one of North America's largest owners, operators and developers of commercial real estate. Cadillac Fairview focuses on developing and managing high quality office, retail and mixed-use properties in Canada and the United States, as well as international investments in real estate companies and investment funds. With a portfolio valued at more than $23 billion, Cadillac Fairview and its affiliates own and manage nearly 44 million square feet of leasable space at 73 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre and Chinook Centre. Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 303,000 active and retired teachers in Ontario. For more information, visit us at http://www.cadillacfairview.com.

About Paybefore
Paybefore is the leading information provider to prepaid, mobile and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of industry publications includes: Paybefore.com; Pay NewsTM; Pay GovTM; Pay WeekTM; Pay Op-EdTM; Pay MagazineTM, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global payments industry; and the only industry directory, Pay ConnectTM buyer’s guide, available online and in print. Visit us at http://www.paybefore.com.

About Pay-Plus® Solutions, Inc.
Pay-Plus® Solutions, Inc. (PPS) delivers easy, fast and reliable electronic payments and explanation of payments to healthcare providers upon adjudication of valid and payable medical claims and reconciliation. The PPS system utilizes a patent pending process to deliver funds electronically via ACH and EOPs directly to healthcare providers via a newly developed web-based portal http://www.ppsonline.com. PPS is the only system designed exclusively for healthcare that combines banking functions, claim payments and remittance and integration with traditional paper processes.

About StoreFinancial
StoreFinancial is a leading payments processor and program manager, specializing in delivering custom payments and prepaid solutions throughout North America and Europe. In just over ten years, StoreFinancial has built a portfolio of more than 600 clients and has become one of the world’s largest private-label program transaction processors and program managers. The company is headquartered in Overland Park, KS. Visit us at http://www.storefinancial.com.

About UMB Financial Corporation
UMB Financial Corporation (Nasdaq: UMBF) is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, payment solutions, asset servicing, healthcare services and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. It also has a loan production office in Texas. Subsidiaries of the holding company include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company's proprietary mutual funds and investment advisory accounts for institutional customers.

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