The Cactus Prepaid MasterCard
Updated : Tuesday, July 06, 2010
Vincento Payment Solutions Ltd today announced the launch of
Cactus, the combined online eAccount and prepaid MasterCard.
Customers are in full control, able to view and manage all aspects
of their eAccount via the Cactus website at cactuscard.com,
including fully itemised statements and a range of load
methods.
The Cactus Card is accepted anywhere that displays the MasterCard
acceptance mark, and increasingly, Cactus will be available as an
e-wallet payment method at online stores.
"This is a great day for Cactus and marks a new era in banking,"
says Vincento CEO, Alpesh Patel. "Customers expect more in this
difficult financial time. We operate a different model to the
traditional banks, and we are very open about our charges and our
service. The structure that we have - and our own FSA license -
means that we can quickly and efficiently respond to our customers'
needs.
"The Cactus Card will share wallet space alongside our customers'
existing bank and credit cards, meeting a need that cannot be
served by those traditional products. Cactus provides the
convenience of a MasterCard but encourages them to budget as you
can only spend what is in the eAccount."
Being separate from the cardholder's bank account, the loss, theft
or cloning of a Cactus Card is minimised. Funds in an eAccount are
fully protected from the moment it is reported lost or stolen.
Cactus also offers protection against purchases made with the card
by operating a chargeback scheme if consumers do not achieve a
satisfactory result from the vendor.
"This is just the start for Cactus," says Product Manager, Suresh
Vaghjiani. "We have some very exciting developments planned for
later in the year and intend to raise the expectations of prepaid
cards."
For further information, please contact:
press@vincento.co.uk
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