BillMyParents, creator of a trackable, reloadable MasterCard prepaid card that lets parents and teens track spending in real time, has been named the Paybefore Awards best in category for Youth/Student/Campus Prepaid Programs.

In its 6th year, the annual Paybefore Awards recognizes excellence throughout the prepaid and stored value industry. BillMyParents was one of three prepaid program finalists vying for the best in category distinction.

“BillMyParents is taking prepaid to teens where they are and in a language that resonates with them,” said Loraine DeBonis, editor-in-chief of Paybefore and chair of the judging panel. “The company also reaches out to parents in meaningful ways and is getting results. BillMyParents is gaining significant ground with its SpendSmart MasterCard because of its remarkable outreach as well as card features.”

Features of the BillMyParents SpendSmart MasterCard include the ability to instantly lock, unlock and reload the card at any time; text alerts to parents and teens showing real-time transaction details with each purchase; and the security of a MasterCard prepaid card without the risk of overdrafts, accruing debt or affecting credit scores. BillMyParents also provides parents with a way to help teach their teens financial responsibility.