Contis Group has made two leadership team
appointments and consolidated after a run of acquisitions that have
turned it into a fully-owned end-to-end prepaid payment solutions
provider, the company says.

According to the firm, Contis Group has become
one of Europe’s end-to-end prepaid providers that does
not outsource any part of the implementation and programme
management process.

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“Other companies outsource at least one stage:
but we’ve been there and we know this adds complexity and cost,”
Contis group managing director Mike Fromant said.

“Clients will now know they are dealing with
one company only and we believe that, because we control all
operations within the prepaid value chain, we’ll be able to provide
a more efficient service, eliminating the risks and challenges
associated with third party outsourcing,” he added.

Following the completion of the consolidation
process, Contis has appointed Eduardo Benito as head of client
delivery and Byron Lawton as marketing manager.

Contis’ integration strategy suggests a trend
in the industry, as Fromant confirms.

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“We’ have been in acquisition talks with a
number of competitors, who said they believe this is the right path
to follow,” he said.

Contis managing director said it plans on
taking on further acquisitions in the future to continue
streamlining services.

Contis is a principal member of Visa Europe
and Visa Certified Processor. The company’s most recent
acquisitions include gift cards and account card processing and
provision GTP Group in 2010, and GTP Financial Services in
2011.