SightSpan Named Winner in Paybefore Awards Europe

CHARLOTTE, N.C. - April 17, 2015 - PRLog -- Paybefore has selected SightSpan Compliance for Prepaid Cards as a 2015 Paybefore Awards Europe winner in the Best Problem Solver category. Following in the tradition of Paybefore Awards, which celebrated its ninth year in 2015, Paybefore Awards Europe was created four years ago to honor excellence and innovation in the prepaid, mobile and emerging payments industry in the U.K. and Europe. The awards are presented by Paybefore, whose publications are the leading source of industry information for the global emerging payments community.

“We are very excited to be recognized by Paybefore with this award,” said John Walsh, CEO of SightSpan.  “Our experts have spent many years working with the financial industry and regulators to develop our risk management and security solutions.  I thank my team for their hard work, our customers for partnering with us and Paybefore for the positive recognition.”

SightSpan Compliance for Prepaid Cards was selected by a panel of five industry experts who served as judges for this year’s competition.

“Paybefore Awards Europe recognizes the companies pushing the industry forward with innovative solutions that improve the cardholder and client experience,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “Companies like SightSpan prove that electronic payments will continue to expand and thrive,” she continued. “We’re proud to recognize its contributions to propelling the emerging payments industry forward.”

“The power of payments is transformative, and our Paybefore Awards Europe winners are at the forefront of that transformation,” added Marilyn Bochicchio, Paybefore’s CEO. “These innovative businesses have created options and opportunities for millions of consumers—to pay, to exchange value and to be paid.”

SightSpan’s Compliance for Prepaid Cards helps international finance firms confidently manage Anti-Money Laundering (AML) and Combatting Terrorist Financing (CTF) requirements across the globe.  Regulatory guidance varies dramatically by country, so SightSpan partnered with 56+ international payment companies, and banks that service the payment industry, over the past 8 years to develop the risk management and security processes and applications solution, which has become an industry standard.  Strong Customer Identification Programs (CIP) & Know Your Customer (KYC) programs are the first line of defense in combatting terrorists and money launderers. Non-compliance can not only result in letting the bad guys into our financial systems but also can expose companies and individuals to major civil and criminal fines, imprisonment or the businesses being shut down completely by regulators and key executives and stakeholders being banned from the industry.

SightSpan Compliance for Prepaid Cards now will vie for best-in-category distinction, which will be announced during the Paybefore Awards Europe ceremony on 19 May at the All Payments Expo Europe in Marbella, Spain. Visitors to Paybefore.com will be able to vote on one People’s Choice winner before the Awards presentation. Details coming soon.

About SightSpan: SightSpan is a multinational advisory group with local and international expertise focused on risk management and security matters. Some of the largest financial institutions in the world rely on SightSpan experts and solutions to mitigate compliance risk and uncover financial crime around the globe.  SightSpan also assists governments in keeping people safe in dangerous or higher risk situations, deals with threat financing, money laundering and general illicit financial activities and designs communications and training programs to better assist citizens.

SightSpan is headquartered in Mooresville, North Carolina, with additional offices in New York, Miami, Montreal, New Zealand and in the Middle East.  For more information, go to www.sightspan.com.

About Paybefore: Paybefore is the leading information provider to prepaid and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of industry publications includes: Paybefore.com; Pay News^TM; Pay Op-Ed™; Pay Week™; Pay Gov™ and Pay Magazine™, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global prepaid and emerging payment industry; and the only industry directory, Pay Connect™, available online and in print. Visit us at www.paybefore.com.