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What is a prepaid card?

Prepaid Cards are becoming increasingly popular in the UK and Worldwide. As well as being an alternative to credit or debit cards they can be used in other ways:

  • Gift cards that can be used only in certain stores
  • Non-reloadable cards that can be used in millions of outlets around the world
  • Re-loadable cards that can be used in millions of outlets around the world

Tuxedo Prepaid Cards are either VISA or MasterCard® so can be used to make purchases online, instore or over the phone.

The main difference with a prepaid card is that it is not linked to a bank account so can be used for consumers who are ineligible for a regular bank account. There is no overdraft facility with a prepaid card.

Can I use a prepaid card for corporate purposes?

Yes, a prepaid card can be used in various ways to help reduce administration, increase cost efficiencies and drive loyalty:

  • Payroll cards
  • Insurance payout
  • Travel and expenses
  • Corporate incentives

Are there ready-made cards available for business purposes?

We do have off-the-shelf solutions that are available immediately however, you can also choose a white label solution. With a white label solution we can tailor the solution to the individual needs of your business and design the prepaid card and accompanying collateral around your individual branding keeping your brand front of mind at all times.

Do you just offer prepaid cards?

No, we offer payment technology in many form factors such as virtual cards, mobile payment technology, bracelets etc. Contact us to find out what we can offer your business.

What is the eccount® platform?

The Tuxedo eccount® platform is a market leading, proprietary, web based platform that is at the heart of our capabilities and is the core platform for all our products and services. It allows us to deliver flexible and innovative payments and stored value solutions.

How secure is the eccount® platform?

The system is built for both weight and robustness, boasting an extremely high degree of internal, application and network level security. The platform has been audited by a wide range or large, blue chip organisations and their assigned technical auditors as well as being subject to regular internal and external audits including load testing, penetration testing (internal and external), vulnerability scanning and application testing.

Do I have to purchase the full platform?

No, because of the flexibility of the eccount® platform we can offer clients different operating models dependent on needs and capabilities.

Do you just provide cards within the UK?

No, we have issuing capability across the entire SEPA region and are currently active in five countries. Through client led demand we also have rapid growth expansion planned across a number of other international payment arenas over the next 3 years. We have an office in Australia and will soon be opening offices in Dubai and the USA. Our global footprint means that we can deliver global solutions for our clients in what is an ever shrinking world.