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People with no bank accounts targeted...
By Dan Ilett
Published: 23 September 2005 17:20 BST
MasterCard has released a pay-as-you-go plastic card for people with no bank accounts who want to make internet and phone payments.
The card, which requires no credit checks to obtain, is interest free and allows the owner to spend only what has been paid onto it in advance.
Advanced Payment Solutions partnered with the firm to launch the card, Cashplus, which can be used for withdrawing money from ATMs.
In a press statement, Rich Wagner, CEO for MasterCard's advanced payment solutions, said: "Cashplus offers a secure payment facility for the millions of unbanked Britons. It gives them access to ATM machines. It can be used globally and offers payment options previously unable to them, such as online bill payment."
There is an initial fee and monthly subscription for the card.
Prepaid cards are already in use in the US.
Hmm, a card that only allow you to spend what is a...
Simon
It's like a debit card yes. But until you've had ...
Anonymous
Yep, I was a silly idiot in my 20's and lost my cr...
Anonymous
In Reply to Simon.
You're right, the banks are ...
Sam Knox
In response to Simon, it appears that most banks w...
Anonymous
Produce technical specifications and documentation based on client requirements/Integration Questionnaire Execute programming and testing to meet ...
Your role will be to develop an online booking system for our clients system linking to a web server, which will also allow credit card payments or ...
Package includes 500 a month car allowance, petrol card, BUPA, company supplied mobile phone and laptop etc. Madison Black are currently representing ...
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