Wirecard and Payment Card Solutions extend partnership with new collaboration
Aschheim (Munich)/Newcastle. Wirecard Card Solutions, a subsidiary of Wirecard AG, collaborates with Payment Card Solutions (PCS) – a leading UK based prepaid Programme Manager to deliver Bread4Scrap (B4S) Prepaid Mastercard, an award winning prepaid programme for scrap metal dealers.
Following the introduction of Home Office guidelines, which made cash payments for metal at recycling yards in England and Wales no longer legal. These changes made it compulsory that all transactions provide an effective audit trail, making it an offence to use cash to pay for scrap metal. Hence, the Bread4Scrap prepaid card programme was launched. It offers an effective tool for licensed scrap metal traders to adhere to these government guidelines.
The programme already has over 90 clients with thousands of cardholders using the service who make payments of approximately in excess of £4-5 million per month with further growth expected. Download the full press release