Entries by DianeBrocklebank

PIF: TSB Crisis Doubles the Number of Small Businesses Questioning the Value of Banks

16 May 2018 - As the latest crisis to hit the banking sector saw TSB’s business customers struggling to access accounts or even pay HMRC by the quarter’s VAT deadline, the number of SMEs considering alternative options to the traditional big banks has more than doubled

Research of 500 small and medium business owners, commissioned by Prepaid International Forum (PIF), the not-for-profit trade body representing the prepaid financial services sector, found that just under a fifth (18%) are actively considering financial products and services from a new wave of providers using prepaid platforms.…

The Direct finance Card gives companies direct overview and control over all employee expenses in real-time

  • Employees across the whole company can use the Direct Card for business expenses anywhere in the world – including trips, instore and online purchases
  • Direct Card can be used anywhere where Mastercard® is accepted
  • It can be provided as an individual card to each employee or as a single card that teams can share
  • Provides Financial Directors and company accountants with a direct overview and control over all company expenses
  • The solution has already been adopted by companies such as Ogilvy, HRG, AlgoTech, ŠKODA Auto, HYUNDAI Motor Manufacturing Czech s.r.o.

SWAPX launches a travel money card that lets consumers ‘Swap and Spend’ in local currencies

  • Consumers can use their SWAPX card account to load funds in EUR and GBP and SWAP into the in-country currency at the ATM, or when they spend abroad
  • SWAPX lets consumers access the best rate available beating the High Street by approximately 4% and airport kiosks by up to 8%
  • SWAPX Mastercard® will dynamically swap into the in-country currency at a fraction of the cost normally provided by the bank

London, April 2018: SWAPX, in collaboration with leading payment issuer processor Global Processing Services (GPS), today launches their consumer travel card that allows customers to ‘swap’ and ‘spend’ in local currencies when making foreign payments.…

Consumers and businesses can now pay and transfer between multiple currencies using Mastercard ‘Flow Prepaid’ and ‘Echo Prepaid’

  • Flow Prepaid Mastercard© and Echo Prepaid Mastercard© have been developed with Mastercard©, in collaboration with Global Processing Services (GPS), an industry-leading issuer processor
  • Both Flow Prepaid, the consumer payment card, and Echo Prepaid, solution targeted at businesses, can be linked to an Enumis eWallet account for flexible money management
  • These solutions will further support Enumis’ mission to provide innovative, tailored ways for individuals and businesses to dynamically manage their everyday finances whilst benefitting from competitive foreign exchange rates

 

Enumis, an electronic money institution, announces the launch of their two branded prepaid cards, Flow and Echo, as well as Enumis eWallet account - marking yet another market-changing step within the Prepaid market.…

Optimism for a ‘Soft Brexit’ diminishing amongst financial sector leaders

  • 58% expecting a ‘Hard’ Brexit
  • Two thirds expect access to EU Markets to be negatively affected
  • 75% reviewing options to move at least some operations out of UK

Leaders of the UK’s leading FinTech and Prepaid financial services businesses are expecting a ‘hard’ Brexit that will diminish financial sector access to EU markets and adversely affect their businesses.…