paysafecard wins Paybefore Award

Vienna/London, March 18th, 2009 - Paybefore has awarded paysafecard in the 2009 Paybefore Awards as the "Best Non-U.S.-Based Prepaid Card or Program". These annual awards are the most prestigious, recognising excellence in the worldwide prepaid and stored value card industry.

"We are very proud of winning the Paybefore Award. It gives international recognition to the value of what we are doing currently within Europe and confirms the direction of our plans to bring paysafecard to markets outside of the EU", states paysafecard.com CEO Michael Mueller.

paysafecard was selected by a panel of five industry experts who served as judges for this year's competition.

"Paybefore Awards shine the spotlight on terrific people and companies using prepaid to provide innovative payments solutions," said Marilyn Bochicchio, Paybefore CEO. "It's our honor to recognize the efforts of the paysafecard group as a leader in its category."

"The number of nominations considered this year was almost double last year's, making winning an even more significant achievement," she continued. "The quality of the nominated products, services and programs was exceptional, creating quite a challenge for the judges who carefully evaluated each entry on its merits and in context of all the nominations."

The paysafecard group offers Europe's first prepaid card for payments on the Internet to comply with banking laws. paysafecard makes online payments as easy as using cash and it offers complete security against data abuse and fraud. Anybody can use paysafecard as no credit card or bank account is required. When making a payment, customers' financial privacy remains fully intact. The voucher functions like a charge card for mobile phones. The 16 digit pin code is all that is needed to make a transaction. The paid amount is then debited from the paysafecard balance, which can be checked online at any time.

About paysafecard.com: Over the past eight years, paysafecard have established themselves as Europe's favourite safe and easy-to-use alternative prepaid payment method for e-commerce. It is available in 16 countries throughout Europe. The smart payment solution is designed for users who don't have a credit or debit card or who don't want to use their credit card for online purchases and other micro payments on the Internet. Users simply authorize a payment by entering a PIN code, similar to the system used with prepaid phone cards. Thousands of e-businesses are benefiting from new customers by offering this safe and uncomplicated payment solution. paysafecard is available in £10, £25, £50 and £75 e-vouchers at more 210,000 outlets across Europe. For more information, please visit www.paysafecard.com

About Paybefore: Paybefore is the leading information provider to prepaid and stored value card industry professionals, offering the latest news, commentary and analysis. Paybefore's family of industry publications include: Paybefore.com, an online information portal; Paybefore News, daily news briefs delivered electronically; Paybefore Update, a downloadable e-newsletter including Paybefore Legal, delivered 20 times a year; Paybefore Magazine, a biannual print publication highlighting the best of Paybefore; and Paybefore Buyer's Guide, available online and in print.