Monday, May 5, 2008

Times Media and Tuxedo to Partner reports that the newest partnership between Times MasterCard Prepaid Card and eccount, powered by Tuxedo Money Solutions will offer its UK customers the ultimate in security. According to the Association of Payment Clearing Services, there was a 25% increase in fraudulent activities with credit and debit cards in the UK. This partnership will allow customers to transfer money from their eccount to their debit cards, if and when they need to spend money. This creates for more security because once the purchase is complete the card no longer becomes useful for a fraudster. The post also highlights:

The card also features chip and pin, giving complete security for internet use, everyday payments and as a worldwide travel card with access to 1.3 million ATM's and over 25 million merchants. Up to £500 can be withdrawn from ATM's daily.

Mark Simon, CEO of Tuxedo Money Solutions mentions:

"By partnering with The Times we can explain the benefits of prepay to a target audience that have very real concerns over the safety of their money when shopping online and whilst travelling - our industry leading eccount solution is just what is needed."

This partnership signifies a growing interest in the European market to have greater control on security and to help better manage spending habits.

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