On 3rd December 2012 it became illegal to pay cash for scrap metal. Following the change in the legislation Tuxedo partnered with EMR Group to build a bespoke product, offering the Tuxedo Prepaid MasterCard® Card as a simple cost effective, cashless solution for their customers. Designed exclusively for the scrap metal market the solution had to be easy to use, easy to implement and fully compliant with the new legislation. Since we launched the product in October 2012, we have now sold it to over 80 companies in the UK ranging from EMR where it is in place at 60 sites through to many single yard organisations with over 60,000 cards being issued. The product is currently supported by a UK call centre on hand to answer any queries the scrap dealers may have.
The Tuxedo Prepaid Card enables the scrap metal dealer’s customers to receive cash immediately avoiding any unnecessary cashing fees. The cards can also be used to shop in store, online or by phone worldwide FOR FREE.
Matthew Whittaker of Lord & Midgeley commented: