Prepaid Solutions, Inc. is a payments company offering comprehensive prepaid debit solutions for corporate America, self-banked and under-banked consumers. Solutions include payroll, general-purpose reloadable, performance, incentive, reward and gift cards. These products benefit companies by reducing costs, improving security and strengthening customer loyalty. In addition, prepaid products offer consumers convenient, cost-effective access to the financial mainstream when receiving compensation, making purchases and paying bills. PPS also provides marketing, design, distribution, and fulfillment services in support of its products. The company's consumer-based products are available for purchase in more than 2,000 retail stores and are reloadable at multiple retail networks nationwide. PPS has business locations in Burr Ridge, Ill., Atlanta, Ga., Miami, Fla., Hartland, Wis. and Englewood, Col.
In December 2009, Navigation Capital Partners (NCP), an Atlanta-based middle market private equity firm, acquired the assets and associated liabilities of Prepaid Solutions USA via newly-formed entity Prepaid Solutions, Inc. (PPS). Prepaid Solutions USA was a division of West Suburban Bank (WSB), a Chicago area-based community bank and wholly-owned subsidiary of West Suburban Bancorp, Inc. WSB's Prepaid Solutions USA division was founded in 2001.
PPS provides industry leading resources and experience and is well positioned to accelerate its growth as a significant player in the prepaid industry worldwide.