5th Annual Prepaid Closed-loop Market Assessment

Table of Contents

1. INTRODUCTION

• Closed-loop Prepaid Market Overview

2. BUSINESS TIME & EXPENSE CATEGORY

• BUSINESS T&E CATEGORY - BUSINESS TRAVEL
• BUSINESS T & E CATEGORY - EVENTS & MEETINGS
• BUSINESS T & E CATEGORY - EMPLOYEE & PARTNER INCENTIVES
• BUSINESS T & E CATEGORY - CONSUMER INCENTIVES
• BUSINESS T & E CATEGORY - RELOCATION CARD

3. CAMPUS CATEGORY / SEGMENT

4. DIGITAL CONTENT CATEGORY

• DIGITAL CONTENT / DIGITAL MEDIA
• DIGITAL CONTENT / NET PHONE
• DIGITAL CONTENT / GAMES & RING TONES

5. STORE GIFT CARDS.

• STORE GIFT CARD CATEGORY / IN STORE GIFT CARDS SEGMENT
• STORE GIFT CARD CATEGORY / DISTRIBUTED GIFT CARDS SEGMENT

6. GOVERNMENT CATEGORY

• GOVERNMENT CATEGORY - SOCIAL SECURITY SEGMENT
• GOVERNMENT CATEGORY - FOOD STAMPS & WIC SEGMENT
• GOVERNMENT CATEGORY - TANF SEGMENT
• The Future of The EBT Network
• GOVERNMENT CATEGORY - PRISONS SEGMENT
• GOVERNMENT CATEGORY - TRANSIT SEGMENT

7. PAYROLL & BENEFITS CATEGORY

• PAYROLL & BENEFITS CATEGORY - BENEFITS SEGMENT

8. PETROLEUM CATEGORY

• PETROLEUM CATEGORY - PETROLEUM SEGMENT

9. UTILITIES CATEGORY AND SEGMENT

10. TELECOMS CATEGORY

• TELECOMS CATEGORY / PREPAID MOBILE
• TELECOMS CATEGORY / PREPAID LONG DISTANCE
• TELECOMS CATEGORY / PREPAID DIAL TONE
• TELECOMS CATEGORY / PREPAID INTERNET DIAL UP

11. CONCLUSION

12. APPENDIX A - THE ELECTRONIC PAYMENTS STUDY

• THE ELECTRONIC PAYMENTS STUDY: THE FEDERAL RESERVE BOARD / DOVE RESEARCH

List of Exhibits

• FIGURE 1: PERFORMANCE OF OPEN & CLOSED PREPAID MARKET IN BILLIONS OF US $ (2003 - 2007)
• FIGURE 2: PERFORMANCE OF CLOSED-LOOP PREPAID MARKET SEGMENTS, 2003 - 2007
• FIGURE 3: US OPEN PREPAID MARKET SIZE & GROWTH IN US DOLLARS (BILLIONS)
• FIGURE 4: THE 23 PREPAID MARKET SEGMENTS THAT PARTICIPATE IN CLOSED-LOOP MARKET
• FIGURE 5: MEASURING OPEN VS. CLOSED IN THE INCENTIVES MARKET (2003 - 2007)
• FIGURE 6: $ LOAD IN THE FOUR BUSINESS TIME & EXPENSE SEGMENTS (2003 - 2007)
• FIGURE 7: CLOSED SPENDING FOR CAMPUS CATEGORY / SEGMENT (2003 - 2007)
• FIGURE 8: CLOSED SPENDING FOR DIGITAL CONTENT CATEGORY (2003 - 2007)
• FIGURE 9: CLOSED SPENDING FOR STORE GIFT CARDS CATEGORY
• FIGURE 10: FEDERAL DISBURSEMENT PROGRAMS WITH FEWEST ELECTRONIC PAYMENTS
• FIGURE 11: CLOSED SPENDING FOR GOVERNMENT CATEGORY (2003 - 2007)
• FIGURE 12: CLOSED SPENDING FOR BENEFITS CATEGORY
• FIGURE 13: CLOSED SPENDING FOR PETROLEUM CATEGORY / SEGMENT (2003 - 2007)
• FIGURE 14: CLOSED SPENDING FOR UTILITIES CATEGORY / SEGMENT (2003 - 2007)
• FIGURE 15: CLOSED SPENDING FOR TELECOMS CATEGORY (2003 - 2007)
• FIGURE 16: PREPAID SEGMENTS DISTRIBUTED AT RETAIL THROUGH PREPAID MALLS.