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The reloadable prepaid card industry is relatively
small, emerging and fractured. Although there are large
financial institutions and credit card processing issuers
such as Citigroup and First Data Resources, there is
no dominant player in the reloadable prepaid card industry.
It is estimated that as of December 2005, there are
fewer than two million active prepaid cards in the United
States. While gift and payroll cards have become commonplace,
the market for personal use cards has little competition
and has hardly been tapped. Prepaid cards are growing
at a faster pace than credit cards, and the Pelorus
Group estimates that by 2007 over 40 million prepaid
cards will be in use in the United States with spending
approaching $300 billion by 2006 (Financial Insights
August 19, 2003).
Our product, named the DYNASIS™ Visa® Prepaid Card, launched in October, 2005 and is currently being tested in small markets across the U.S. The card's first national advertising campaign featured Major League Baseball Players, through a licensing agreement with Major League Baseball Players Association (MLBPA). Our second national campaign, featuring a well-known sports celebrity, is set to debut in July, 2006.
Our
Management Team
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