June 30, 2014
On 25th June 2014, UK based multi-award winning global prepaid provider - Prepaid Financial Services (PFS) - announced the launch of its industry leading Multi Currency prepaid card platform.
Prepaid Financial Services is authorised and regulated as an e-money issuer by the FCA in the UK. They have passported their e-money license across the SEPA region to enable card issuance in up to 32 countries. PFS operate as an acquirer, issuer, BIN Sponsor and Programme manager in the Global prepaid arena, states the company.
This is an exciting time for prepaid and the launch of our Multi Currency product for prepaid programs and banks further differentiates PFS from other prepaid issuers and program managers. It is not just the range of currencies that PFS make available, it is the simplicity of use and the consumer friendly interface that enables the cardholder to be in control of what they do with their currency and when they want to do it. PFS believes in making it as convenient as possible for cardholders to control their exposure to foreign exchange
PFS can act as the Issuer or as the program manager for the bank or partner, which speeds up their entry into the market place. We have a number of FX bureau’s and banks launching their own branded version of the Multi Currency card in 2014 and we expect to see take up expand over the coming months, added Moran.