PFS buys Barclaycard prepaid card portfolio

FinTech Company Prepaid Financial Services has today announced the completion of a deal to acquire the Physical Prepaid Card Portfolio of Barclaycard in the UK and migrate onto its own platform as of 31st January 2019.

  1 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Noel Moran, CEO at PFS said: "We had been in discussion with Barclays regarding their physical prepaid cards and looking at opportunities to work together. In January, we agreed a deal whereby PFS acquired Barclays’ portfolio and would work with Barclays to migrate clients off the existing prepaid platform and over to PFS. We are working hard to achieve a seamless migration for clients of Barclays. The deal will enable PFS to offer an enhanced service to existing and future Payroll and Corporate clients. Adding this Corporate and Payroll portfolio to our existing Corporate book further strengthens our position in the market as one of the leading payment providers for Corporate customers.” 

Sponsored [Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates

Related Company

Keywords

Comments: (0)

[Webinar] PREDICT 2025: The Future of AI in the USFinextra Promoted[Webinar] PREDICT 2025: The Future of AI in the US