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UK Retail Instant
Issuance Program
UK based retail instance issuance
program
London
05SEP07 - International prepayment-consultancy CCS UK Ltd (CCS) has facilitated a UK based
instant issuance program for a major retail client. The program
incorporates an instant issue prepaid card which will be provided at
hundreds of CTN channels and small retail outlets across the United
Kingdom. Based on
instant issuance procedures the non-loadable instant issue cards can be
issued, activated, loaded and used immediately (limited maximum balance applies) without any requirement for KYC. The cards can then be upgraded
to a standard re-loadable prepaid card (KYC required) which comes with a
higher maximum balance. The cards will also serve several nationwide
insurance and payday loan clients who will utilize the program for
payout of insurance claims and payday loans to existing members. The
program is now in development and due to go live by Christmas.
The UK
market is experiencing a significant growth in "retail based" prepaid
cards program which serve both the significant unbanked and migrant
populations. Without the credit checks associated with standard credit
cards, prepaid cards provide opportunities for card holders to access
major global payment brands irregardless of their credit status or
employment history. Instant issue retail based programs also provide a
significant opportunity for a minimal barrier program entry to market.
By utilizing both the Payzone and Paypoint retail networks the card
program will allow card holders an accessible way to reload their card
without having to have a bank account.
About Credit Card
Solutions UK Ltd
CCS UK Ltd
(www.ccsprepay.com)
is a consultancy firm which since early 2005 has been consulting in the
area of prepaid debit implementation strategies specifically across the
Europe, Middle East and African (EMEA) region, expanding into Asia
Pacific and Latin America during 2006. By developing relationships with
issuing banks and transaction processors CCS guides its corporate
clientele to the most appropriate product offering based on a detailed
requirements assessment process and guidance by an internal financial
advisory counsel.
Contacts:
CCS Operations
Sharon Hay
admin@ccsprepay.com
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