nTrust, a technology firm, has launched Cloud Money Card, a reloadable prepaid MasterCard, in Canada as part of its continued effort to enhance the way consumers access, move and use money.
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The new product is available in both a physical (Cloud Money Card Classic) or virtual (Cloud Money Card Lite) format.
nTrust said that the Cloud Money Card gives members the freedom to spend at over 32 million MasterCard acceptance locations across the world. Further, the physical card can be used to withdraw cash from over one million ATMs across more than 200 countries.
Alan Husejnagic, COO of nTrust, said: "Our Cloud Money Card provides our members with better access to their funds. Additionally, the prepaid nature of the cards adds an element of control for members looking to manage their finances or control their spending."
nTrust said that the users of both Cloud Money Card Classic or Lite can load funds from their Cloud to the card at a rate of 1.9% to use in person or online anywhere that displays the MasterCard Acceptance Mark.
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By GlobalDataMembers may unload money back into their Cloud account for free at anytime. With no monthly or annual fees and no minimum balance requirements, the Cloud Money Card offers consumers flexibility and control.
The Cloud Money Card Lite is available free of charge and is delivered instantly to the member’s Cloud via a unique 16-digit card number, expiry date and 3-digit security number, enabling secure online transactions without having to reveal personal or financial information.
The virtual card can be instantly destroyed at anytime, adding an extra layer of security and privacy.
