Capital Prepaid Services appoints Michael Olafson to President

SIOUX FALLS, SD (February 20, 2018) — Capital Prepaid Services (Capital), a provider of BIN sponsorship for prepaid card programs, announced the appointment of Mike Olafson to President. Olafson previously served as Vice President at Capital.

“Mike’s commercial banking experience coupled with his prepaid knowledge has prepared him well to lead our BIN sponsorship approach in prepaid,” said Charles Hendrickson, Chairman of Capital Prepaid Services.

Prior to joining Capital in 2014, Olafson held numerous leadership roles in community banking at Wells Fargo in the Dakotas. He received his MBA from National American University and his BA from Northern State University.

Mike Olafson

About Capital Prepaid Services, LLC.

The reloadable BlazePays Visa Prepaid Card is the brand servicemark of Capital Prepaid Services of Sioux Falls, South Dakota. Capital Prepaid provides full-service program management and processing services for prepaid cards offered by financial institutions, corporations, retailers, and government entities. Established in 2011, it is a sister company of Capital Services, an innovative payment portfolio management and servicing company. The BlazePays Visa Prepaid Card is issued by First Savings Bank of Beresford, South Dakota, member FDIC, pursuant to a license from Visa USA Inc. Visit to learn more about its prepaid servicing models


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