Voice Commerce Group’s merchant acquiring arm
CashFlows has expanded its financial services to include the
issuing of prepaid cards in Europe.
The company says it now offers a ‘one stop
solution’, consolidating businesses card acceptance and issuing
capabilities.
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The integrated solution complements CashFlows’
existing contactless card programme for businesses using the
CashFlows Account, an integrated business account that brings
together business account and merchant account facilities.
“The use of prepaid cards has never been
stronger but businesses that want to offer programmes have been
frustrated by the lack of regulated service providers and the time
required for a programme to reach the market,” CashFlows chairman
Nick Ogden said.
CashFlows has already entered into a first
partnership in prepaid issuing with international marketing and
media group ROK. The financial services provider will deliver
prepaid card issuing services for two specific programmes, with an
initial card order for over 50,000 cards.
ROK Pre-Pay chief executive John Ondreasz
said: “We have been looking to roll out a prepaid programme for the
past six years but until now, we could not find a company that met
our European demand for a single source supply, coupled with a
requirement to work quickly and flexibly,” he concluded.
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By GlobalDataCashFlows is a principal issuing and acquirer
member of Visa and MasterCard. It is also a member of the PCI
Security Standards Council, UK Payments Council and SWIFT.
