White Eagle Launches Prepaid Chip & PIN MasterCard in UK
White Eagle (Europe) in conjunction with Newcastle Building Society has launched the Freedom Eagle Cash Card, an instant issue prepaid MasterCard available in a handy retail pack. According to White Eagle, the card "is fully re-loadable, unlike most other instant issue products in the market which can only be loaded once - some even have to be thrown away when the funds are exhausted. The Freedom card is fully functional even at entry level and can be easily upgraded to higher spend levels depending upon certain criteria being satisfied. The Chip & PIN facility offers additional security and the card represents great value for money."
"Utilizing new simplified due diligence directives from the JMLSG (Joint Money Laundering Steering Group), the Freedom Card allows the customer complete control over their cash. The Freedom card is reloadable up to £650 and has immediate ATM functionality allowing the customer to load and unload their card as they require, hence no more trapped cash. It gives the customer the opportunity to fully test drive the product, they can also upgrade to higher spend and balance limits at any time they wish within the first twelve months subject to criteria being met" said John Ondreasz, Head of Retail Business Development at White Eagle.
Kriya Patel, Head of Card Solutions at Newcastle Building Society said, "We are very pleased to launch the Freedom Card in conjunction with White Eagle. The fact that it is instant issue and also reloadable adds a new dimension of convenience to personal spending using a prepaid card, without compromising on security. As one of MasterCard's premier providers of prepaid cards in the UK and Europe, we are confident that Newcastle Building Society, together with White Eagle, offers a leading solution to the marketplace."
The initial retail launch takes place in January at various key locations throughout London, prior to the nationwide launch. Freedom Cards can also be purchased online at http://www.freedom-card.co.uk.
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