25 February 2018
visit www.ebaday.com

Clydesdale Bank introduces pre-paid debit cards

19 January 2006  |  13656 views  |  0 card in hand

The UK's Clydesdale Bank is teaming with PrePay Technologies to create, deliver and service prepaid and reloadable MasterCard debit cards that are targeted at customers that don't have a bank account.

Clydesdale - which is part of the National Australia banking group (NAB) - says it is working with the UK-based vendor to create a set of cards targeted at the large unbanked market, which will be released imminently.

The bank has already launched its Western Union Travel Cash Card, which can be loaded with funds in euros, US dollars and sterling and is protected by a personal PIN. The card can be used at ATMs as well as in retail outlets.

Dean Cutbill, general manager of third party distribution, Clydesdale Bank, says: "The US marketplace has seen a rapid expansion in the provision of prepaid debit cards over the last five years and we anticipate this growth will be replicated in Europe over coming years."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MasterCard pre-paid card targets UK unbanked

MasterCard pre-paid card targets UK unbanked

22 September 2005  |  15380 views  |  0 comments
Union slams NAB UK branch closures

Union slams NAB UK branch closures

18 August 2005  |  8610 views  |  0 comments
NAB axes 1700 jobs at UK banking operations

NAB axes 1700 jobs at UK banking operations

30 March 2005  |  5613 views  |  0 comments
NAB shakes up UK operations

NAB shakes up UK operations

07 February 2005  |  5945 views  |  0 comments
Absa Bank targets unbanked market with portable kit

Absa Bank targets unbanked market with portable kit

29 August 2003  |  9611 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit https://www.capgemini.comVisit www.vasco.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12158 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10494 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8882 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8328 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7947 views comments | 10 tweets | 14 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job