EntroPay, the first provider of virtual prepaid cards in Europe, has today announced the launch of its prepaid plastic card, EntroPay Plastic MasterCard.
The new card is an extension of EntroPay's existing virtual prepaid offering, making it one of the first payment solutions that is internet-based but can also be used at any point-of-sale or ATM around the world that accepts MasterCard.
The prepaid plastic card will allow consumers to use the power of EntroPay to solve their payment needs. It provides EntroPay users with instant access to cash coupled with the ability to spend on the high street for the first time. Existing customers can extend their EntroPay account functionality to upgrade to a Plastic MasterCard. In combination with the EntroPay virtual VISA card and Bank Transfer service, this new offering enables consumers to freely use their cash online, move it in and out of their bank accounts, make pre-paid card payments on the high street, and access their cash at ATMs worldwide
For business customers, EntroPay prepaid payment solutions enable them to make instant, cost-effective payments to customers worldwide. The addition of EntroPay Plastic MasterCard to the product suite provides an extra benefit to businesses, which can be confident in the knowledge that their customers have a variety of ways to access their money.
EntroPay's solutions allow companies to make secure global payments instantly whilst avoiding high banking and administration costs, enabling them to save both the time and money traditionally associated with making global payments. Prepaid cards allow consumers to take control of their finances, as they can set aside budget for particular uses, such as holiday spending, and cannot spend more money than has been loaded onto the card. End-users are also demanding increased flexibility and easier access to their cash. Through EntroPay Plastic MasterCard, companies can make global payments in a simple and effective manner, whilst offering maximum flexibility.
From February 2009, new and existing users will be able to upgrade their EntroPay virtual VISA accouunt and add Plastic MasterCard by visiting EntroPay's website. EntroPay also plans to develop a bespoke business service in 2009, where companies will be able to tailor their EntroPay Plastic MasterCard offering for employees by co-branding it with their logo.
Alex Mifsud, CEO of EntroPay, comments: "In combination with the rest of our product suite, the EntroPay Plastic MasterCard fills in a key missing link - the ability to spend on the high street and withdraw cash from ATMs. This new function enables us to provide one of the most complete internet-based payment solutions available, allowing our business customers to use EntroPay for lower value, high frequency cross-border payments, safe in the knowledge that their users will be able to upgrade to Plastic and access the useful features that it brings."