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Table of Contents

Lead Story

Payments by the numbers: 2017

Ann Train


Industry Update

News Briefs


Driving the future of payments – 10 mega trends

Mike Abbott, Robert Flynn, Marc Abbey and John Grund
First Annapolis Consulting


The race to a zero-click economy

Dale S. Laszig
DSL Direct LLC

Insights from the 2017 Jack Henry Annual Conference

Brandes Elitch
CrossCheck Inc.


Street SmartsSM:
What if you had $1 million to invest in a payments business?

Steven Feldshuh
Merchants' Choice Payment Solutions East

New year, new chargebacks

Don Bush
Kount Inc.

Company Profile

Secure Cryptopayments

New Products

Secure, brandable, global prepaid platform

SPAN Platform
Tern Commerce


Disarm objections with a preemptive strategy


Letter from the editors

Readers Speak

Resource Guide


A Bigger Thing

The Green Sheet Online Edition

December 25, 2017  •  Issue 17:12:02

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New Products

Secure, brandable, global prepaid platform

Product: SPAN Platform

New York-based Tern Commerce launched SPAN, a global remittance platform designed for secure, prepaid and stored-value deployments across multiple regions, languages and currencies. The solution was developed with US Unlocked, a company Tern acquired in 2015. Its application programming interface (API) libraries, web services and technology stack are simple to configure, integrate and customize, company representatives stated. "US Unlocked had been providing U.S.-issued prepaid cards for cross-border shoppers since 2008," said Brion Bonkowski, Chief Executive Officer at Tern. "In 2015, we began re-platforming their IP into a modern framework with multitenant capabilities to accommodate a variety of programs. Tern built out and productized the underpinning technology to create a new commercial platform called SPAN."

Addressing cross-border requirements

The company stated that its innovative tools and feature sets are designed to address numerous cross-border remittance requirements, including the following:

Core platform features

Tern noted that its tools and resources for domestic and international programs include the following:

Global commerce solved

Bonkowski stated that despite growing adoption of prepaid and stored-value products and services, companies around the world lack the infrastructure and technology to launch and sustain these programs. He and his partners saw a need for market-ready solutions to support a range of program management needs. They created SPAN to help program managers reduce time to market and help companies design, launch and scale card management programs. "In 2010, Tern founders saw a need for a modern prepaid platform with cross-border capabilities," Bonkowski said. "We met with regulators, legal analysts, and potential partners to explore the market and acquired US Unlocked in 2015 to help jumpstart our vision." The company is named after the Arctic tern, and the SPAN platform is named for the bird's impressive wingspan, Bonkowski noted. "Terns can travel for up to three years without nesting, and they have the longest migration cycle on the planet," he said. "The tern can also serve as an icon for the evolving payments industry as we migrate from wired to mobile technologies and from local to global marketplaces."

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Spotlight Innovators:

North American Bancard | Simpay | USAePay | Impact Paysystems | Board Studios