Prepaid Financial Services Enhances Loading Network with Ukash Deal

LONDON, October 15, 2013 /PRNewswire/ --

Agreement will enable PFS Cardholders across Europe to load prepaid cards using Ukash Vouchers

Prepaid Financial Services (PFS), a leading provider of global prepaid solutions and a MasterCard® prepaid partner, is delighted to announce that PFS cardholders and partners across the UK and Europe will now be able to load their prepaid card directly from the online cardholder portal using Ukash, the global e-money service.

Ukash enables consumers to spend cash securely online, removing the need to reveal personal financial information.  Ukash codes can be purchased with cash from thousands of retail outlets such as shops, post offices, kiosks and petrol stations wherever a PayPoint, Payzone or ePay logo is displayed. The unique 19 digit code can then be used to transfer funds to their prepaid account instantly by logging into their cardholder account online.

Noel Moran, CEO of Prepaid Financial Services, commented: "We already provide a comprehensive range of loading options which allow customers to add funds to their prepaid card account using credit/debit cards online or via SMS, bank and wage transfers, as well as cash loading at Payzone and the Post Office. We are delighted to provide cardholders with the added convenience of being able to load their cards using Ukash. This also allows us to enhance our loading network across Europe."

Established in 2005, Ukash has grown to more than 460,000 physical points of purchase, including 50,000 in the UK, and is available in more than 50 countries around the world. Ukash has been expanding its presence across a myriad ecommerce outlets, from fashion and fragrances to entertainment and gadgets, putting consumers in control of their spending without needing a credit or debit account.  The size of the network and the widening acceptance of Ukash make it an ideal loading partner for PFS.

David Hunter, CEO at Ukash, added:  "We know that prepaid card users are often those who don't have access to traditional forms of banking or credit and, therefore want the flexibility of being able to add funds to their card with cash. The primary goal of Ukash is to give consumers greater convenience in their financial transactions online, without needing to provide personal and banking details. We believe, therefore, that there is a very good fit between Ukash and Prepaid Financial Services, giving prepaid card holders even more flexibility in how they add funds."

The PFS Prepaid MasterCard is issued by Prepaid Financial Services Limited pursuant to a license from MasterCard International Incorporated. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. Prepaid Financial Services Limited is regulated and authorised by the Financial Conduct Authority, registration number 554603.

For more information, go to http://www.prepaidfinancialservices.com  

Notes to Editors

About Prepaid Financial Services

Prepaid Financial Services (PFS) Ltd. is a multi-award winning global prepaid programme manager, e-money Issuer and a MasterCard® prepaid partner, operating out of the UK. PFS is authorised and regulated as an e-money issuer by the Financial Conduct Authority (FCA) in the UK and have passported our e-money license across the SEPA region to enable card issuance in up to 32 countries.

In addition to programme management and issuance, PFS also offer BIN sponsorship and processing services for entities running or planning to run prepaid programmes globally.

PFS manage multiple programmes processing millions of transactions every week and our products are utilised by Governments, Local Authorities, blue chip corporations, SMEs and individual consumers utilising our cutting edge, secure technology.

Since our launch in 2008, PFS has rapidly established itself as a trusted, dependable and credible prepaid provider to a range of clients across the globe.

You can follow us on Twitter and Facebook at @prepaidfs and prepaidfs.

For more information, go to http://www.prepaidfinancialservices.com or call +44(0)207-125-0321, [email protected]

About Ukash

Ukash is the Global e-Money Network and internationally recognised e-commerce cash payment method that enables consumers around the world to use cash to shop, pay and play online safely, securely and conveniently. This secure payment method was developed to protect personal identity and financial information when making online transactions, reducing the threat of credit and debit card fraud for consumers and repudiations and charge-backs for retailers. Ukash has no age limit, so consumers of all ages can make the most of safe payment online.

Ukash codes are purchased with cash in retail outlets such as shops, petrol stations and kiosks, and issued online from the company's website. The unique 19 digit codes can then be used to pay directly on any of the thousands of websites that accept Ukash transactions worldwide, or loaded onto prepaid cards and e-wallets.

Established in 2001 under the holding company Smart Voucher Ltd, Ukash® has grown to more than 460,000 physical points of purchase, and is available in more than 50 countries around the world in 6 continents.

Ukash is regulated by the UK Financial Conduct Authority (FCA). The maximum single value allowed is £200/€250 or equivalent in other currencies, and the maximum amount that can be held by an individual customer is £1,000/€1,250 or equivalent in other currencies.

For more information, go to http://www.ukash.com

For further Ukash press information or interviews please contact the Ukash Press Office at HSL:  Wendy Harrison, Jenny Thorneywork or Clare Watson, +44(0)208-977-9132, [email protected]

SOURCE Prepaid Financial Services