22 October 2017
visit www.atos.net

Psi-Pay adds Experian CreditExpert to e-wallet

05 February 2010  |  3998 views  |  0 Source: Psi-Pay

Positive Account holders can now manage their credit status as part of a package that allows debt management companies to provide their customers with banking service that helps them to regain control of their finances.

The Positive Account from Psi-Pay, one of the leading European e-Wallets, now includes Experian's CreditExpert credit monitoring service. It also incorporates The Positive MasterCard and other tools that allow people to receive monthly income and split out and schedule payments for essential expenses, such as utility bills and rent.

The Positive Account operates in the same way as a bank account with a linked debit card. People with a poor credit rating or a history of bad debt will not be turned down on the grounds of a bad credit rating. The product has a fee structure that is particularly beneficial to the reseller.

The Positive MasterCard card is powered by Psi-Pay, which is regulated by the FSA as an e-money issuer. It can be used online, at retail outlets and to withdraw money at MasterCard® ATMs worldwide.

CreditExpert membership allows Positive Account holders to make regular checks on their credit reports, which list their credit accounts, repayment track record and balances, so they can see how well they are coping financially and monitor their progress. They will also have access to expert advice on credit and will be alerted every time there is a significant change to their credit report, which helps to protect them against identity fraud.

Paul Templeman, CEO of Psi-Pay, says: "The addition of CreditExpert from Experian to the Positive Current Account adds real value for our customers. Every account holder will now be in a position to understand how credit works, see how well they are managing and get advice on rebuilding their credit status."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.fivedegrees.nlRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
11149 views comments | 17 tweets | 24 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11061 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9240 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8287 views comments | 9 tweets | 18 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8266 views comments | 10 tweets | 22 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job