More NewsVisa Prepaid Services Available to Transact’s Partners

Visa Prepaid Services Available to Transact's Partners

Transact Network, a European prepaid card issuer, is now offering its services through Visa Europe as a principal member. The company has completed the implementation of its first Visa bank identification numbers (BINs). Two new Visa Europe prepaid programmes will be going live this month.

Transact Network is one of only a handful of European prepaid issuers offering prepaid card programmes under both major card schemes, giving more choice to existing and new programme managers and brand partners.

Kriya Patel, sales director, Transact Network, said: “As a principal Visa member, we are underlining our leading position in the prepaid market. We are now a one-stop shop for our current partners, and have a stronger proposition for potential partners looking to implement new prepaid card programmes. Transact Network has already issued over half a million prepaid cards with over 100 partners. With the addition of Visa prepaid card programmes, we hope to double our cards issued over the next six months.”

Fiona Duncan, senior vice president (SVP), prepaid at Visa, said: “We welcome Transact Network to Visa Europe. At Visa Europe we estimate that the card opportunity for prepaid in Europe will be €442bn by 2015, so we are tremendously excited by the opportunities this brings to our members.”

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha