Lloyd's TSB launched the Acorn prepaid MasterCard so that employers in the UK could pay their unbanked employees with the same turn around time as the banked employees.
Lloyds TSB Commercial Finance has introduced the Acorn prepaid card to enable agencies to pay their temporary unbanked staff in the same way as banked staff. Employees receive instant access to their wages and gain the added flexibility of a card that can be used to pay in both real and virtual environments where MasterCard is accepted and withdraw cash from ATMs, according to CredEcard.
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