Citizens Bank of Canada and Solo Mobile launch Visa pre-paid card

Source: Solo Mobile

Solo Mobile and Citizens Bank of Canada are pleased to introduce the new Solo Mobile Gift Card, a prepaid VISA gift card that can be used anywhere VISA is accepted electronically.

"The VISA Gift Card from Solo Mobile through Citizens Bank is an innovative compliment to the Solo Mobile brand," says Jim Jaques, Senior Vice President of Solo Mobile. "This gift card is a perfect fit for our customers' lifestyle needs. Unlike traditional gift cards that can only be used at one merchant, the Solo Mobile VISA gift card can be used anywhere that accepts VISA electronically. Whether they're buying music downloads from the Internet, booking concert tickets, topping up their mobile airtime over the phone, or making purchases at their favourite retail locations, this card will provide freedom that traditional gift cards can't deliver."

The Solo Mobile VISA prepaid gift card is not a credit card, but rather a prepaid card where the cardholder cannot spend more than the value initially loaded on the card. The cards can be purchased in any denomination between $25 and $500 (for a nominal $2.00 issuing fee) and are not reloadable.

The launch of this VISA gift card will see Solo Mobile partner with Citizens Bank of Canada, part of the Vancity group of companies. "We're very excited about the opportunity to partner with Solo Mobile and to continue our focus on becoming the "Issuer of choice" for VISA gift and prepaid products in Canada," says Ian Warner, CEO of Citizens Bank. In November 2004, Citizens launched the West Edmonton Mall VISA Gift Card.

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