When it opened for business in 2000, PPS was known as PrePay Solutions, a company focused on creating its own merchant acceptance network in the U.K. for underbanked consumers who wanted a payment card product. The economic downturn of 2001 motivated PPS to alter its focus. The company revamped it operations, calculating commercial prepaid cards in the U.K. could generate $40 billion in purchase volume annually compared to $4 billion to $5 billion annually for consumer prepaid cards. In addition to the huge discrepancy in revenue opportunity from interchange fees paid by merchants, commercial ...