British Mogul Peter Jones's Data Select Debuts Prepay Card

MobileNews.com reports that Phones International boss Peter Jones (pictured) has waded into the new prepay cashcard market with the launch of the On-X MasterCard, which will be sold to various under-served demographics via his distribution company Data Select.

It expects sales of 40,000 units during the period.

The total UK prepay debit card market, which includes the gifting sector, will be worth £17 billion by 2010, said Data Select. Its principle target demographic is around eight million UK residents with no banking privileges.

Data Select Debuts Prepay Card

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White Eagle and hiten Cards Launch Prepaid MasterCard

The Paypers reports that two UK prepaid card services providers White Eagle and hiten Cards have teamed up to launch the hiten Prepaid MasterCard for UK customers.

This card features pin and chip security, so it can be used for online purchases, sending money to family members, and for ATM withdrawals across 210 countries. White Eagle's unit Eagle Prepaid is set to take over technical support responsibilities for the prepaid card.

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Tips on How to Beat the Flunctuating Pound with Prepaid Cards

The pound which has plummeted against all major currencies this past year has added extra costs incurred by UK business travelers. According to this article on TimesOnline, the best way to cope with this dilemma is by loading prepaid debit cards with dollars or euros when the exchange rate is favorable. Some of the better known prepaid cards that are supplied by the exchange companies are Caxton FX and FairFX.

Mark Bodega, marketing director of HiFX offers this advice before shopping for a prepaid card,“It is worth shopping around before deciding on a prepaid card. Some levy a fee every time you spend, either a percentage of the amount or a flat fee per transaction. If you make a high number of small purchases, go for a percentage fee; for fewer but higher-value purchases go for a set fee.”

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