As a not for profit trade association, covering both closed loop and network branded open loop schemes, PIF is well positioned to provide an independent international perspective. 

The demand for an accreditation scheme has come from PIF members, who are determined to establish best practice standards and are sensitive to the concerns expressed in adverse media coverage about prepaid such as alleged money laundering, aggressive marketing and poor customer service. 

The accreditation process applies to members’ issuer programmes and is correlated with PIF’s Issuer Code of Conduct.  Other industry participants will be included in the accreditation scheme in due course.

Compliant organisations  receive an accreditation certificate and a licence to use a PIF accreditation symbol on any marketing materials.  PIF retains the right to review and withdraw accreditation and will carry out an annual audit of accredited programmes.  Continued accreditation will be dependent on full compliance with PIF published standards, codes and guidelines. 

Certificate of Accreditation example

For more information or to apply for accreditation please contact: diane.brocklebank@prepaidforum.com