21 September 2007
Accor Services strengthens its Capacity for Technological
Innovation with the Acquisition of PrePay Technologies Ltd,
the UK Leader in Prepaid Cards
Accor Services has announced it is acquiring all outstanding shares in PrePay Technologies Ltd,
the UK’s leading issuer of prepaid card solutions, for a total of £50 million.
PrePay Technologies, whose core shareholders were previously GE Capital, GRP Partners, Arts
Alliance and Link Group, was created in London in 2000 by its current Chief Executive Philippe
Dufour. The company, which has 50 employees, provides clients with a flexible, integrated
portfolio of prepaid services, covering:
• Design and development of prepaid cards
• Real-time management of payment authorization platforms
• Access to more than 30,000 card top-up locations
PrePay Technologies Ltd is authorized to issue e-money, regulated by the Financial Services
Authority in the UK and is a MasterCard Member Service Provider.
Uniquely positioned thanks to its broad range of capabilities, PrePay Technologies manages
several types of prepaid solutions and provides its clients with various prepaid card programmes-
reloadable or disposable, single or multi-brand.
Leading British brands such as Debenhams, Virgin Money, Ticketmaster, The Daily Mirror and
Arcadia amongst others have chosen PrePay Technologies to operate their prepaid card
The acquisition of PrePay Technologies strengthens Accor Services leadership and diversifies
its portfolio of products and services in the UK. Accor Services is already present in the market,
where it delivers Childcare Vouchers, Eyecare Vouchers and other employee benefit products, as
well as incentive solutions and gift vouchers. Capital Incentives, an Accor Services subsidiary,
has worked closely with PrePay Technologies for several years and launched its Compliments gift
card in October 2006.
From a financial standpoint, sustained market growth and sales and market