Transact24 moves pre-paid card portfolio to CashFlows

Source: Transact24

Transact24 today announces the migration of its three unique Visa prepaid card programmes in partnership with CashFlows.

Transact24's collaboration with CashFlows improves the services that the T24 Prepaid division can offer to its valued customers and partners, widening the geographical area from which applications for our prepaid cards can be accepted.

The three programmes are:

• T24 Black - The world's first prepaid card to offer priority pass and international travel insurance. The 50,000 USD load limit makes this card a must for the discerning high net worth customer.
• T24 BlackShield - a unique travel protection membership programme. Medical and travel claims can be paid directly to the prepaid card, thereby streamlining procedures for the business to consumer sector.
• T24 PayVault - a dedicated corporate pay-out / payroll product with a custom designed and automated back office, offering full integration to corporate clients.

Migrating these prepaid card programmes to CashFlows will extend further the wide range of services currently offered by Transact24, to the benefit of cardholders.

With Transact24's background as an International Payment Service Provider, CashFlows' proven record in card acquiring and card issuing space, combined with its operational expertise was fundamental in selecting CashFlows as the new BIN Issuer.

Philip Meyer, Managing Director, Transact24 said: "Transact24's strategy is to be in a position to seamlessly manage the full value chain for both card acquiring and card issuing. CashFlows' track record, as well as their geographic reach, makes them the perfect partner to enable Transact24 to realise that strategic objective."

Sandy Sancaster, Head of Business Implementation, CashFlows said: "Partnering with Transact24 enables CashFlows to be a stand-out card issuer to a global audience. We are very pleased to be partnering with such a well-established and credible company as Transact24, especially as its culture and company ethics closely match our own in terms of approach to business, risk and commerce facilitation - all with th open dialogue. The three programmes that are being launched are exciting and we anticipate will be the start of many more to come."

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