Paybefore has selected Global Processing Services (GPS) as a 2014 Paybefore Awards winner in the Breakout Company of the Year category. For eight years, 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.

Neil Weeks, Chief Commercial Office from GPS commented, “GPS is delighted to have been recognised for the outstanding achievement we have accomplished in the Prepaid sector. Our continued success is accredited to the excellent internal staff, clients and external partners we have on-board. Demos of the platform are available upon request.

GPS was selected by a panel of five industry experts who served as judges for this year’s competition, which – once again – included a record number of entries from around the world. “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 t o address consumer, government and business needs,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “We are proud to recognize Global Processing Services’ contributions to advancing the industry.

The companies and programs recognized in the 2014 Paybefore Awards are great of examples of what can be accomplished when innovators apply thoughtfulness and payments technology to address real – world needs,” added Marilyn Bochicchio, Paybefore’s CEO.

GPS is an accredited processor, focusing principally on the prepaid space. GPS was founded by the founders of successful Programme Management company , Flex-e-v ouchers (FEV), who identified weaknesses in Prepaid processor capability. The platform was built from the ground up and is tailored to Prepaid, utilizing the multi-year experience gained from operating a high-volume Programme Management business. GPS is accredited to process globally and currently operate in Europe, Middle East, Australasia and USA.

GPS now will vie for Best-in-Category distinction, which will be announced during the Paybefore Awards ceremony on March 4 at the All Payments Expo . For the second year, visitors to Paybefore.com will have a chance to vote on Best in Category. The outcome of this vote (counted as one-sixth of the total) will be combined with the five judges’ picks to determine Best-in-Category honorees.