MasterCard launches pre-paid cards by Finance News Bulletin

Published: 14/11/06

MasterCard has introduced two novel cards to add to its existing range - a pre-paid travel card and a present cardWorking in a similar fashion to regular praise or debit cards, the new MasterCards are pre-loaded with money, which the corporation says is safer than cash and also offers greater flexibility than present certificates and single-use cardsThe cards will be made available from monetary institutions as well as participating stores and provide customers with the peace of brain that they are unable to go over the exact available funds of the certificate, eliminating the risk of running up a debt as with a credit card for instanceChris ruddy, the head of pre-paid for MasterCard Europe, remarked: "Consumer demand for present and travel cards is growing

"Although consumers have become familiar to using gift vouchers and explorer's cheques, they are now looking for solutions that are more globally accepted, convenient and safe than cash and vouchers These new pre-paid MasterCard cards give the perfect solution in each of these areas"The MasterCard journey card will offer clientele the chance to use an alternative

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