Partner Article

Chester-based Tuxedo suits up well for Prepaid365 Awards 2014

Tuxedo Money Solutions, a leading payment technology and prepaid card provider, has been awarded two prestigious industry accolades at the Prepaid365 Awards announced on 30th May 2014.

The Prepaid365 Awards are run by the UK’s leading independent prepaid card comparison site, and aim to recognise excellence among prepaid card providers, with winners of consumer categories being chosen by consumers.

This year’s awards were the biggest to date, with 158 entries across 22 award categories, and a voter audience in excess of 1,500,000 consumers.

Voters found Tuxedo - headquartered at Chester Business Park - to be the outright winner in the Best Youth Prepaid Card category for its work on the STA ISIC Cashcard, as well as in the Best Basic Banking Prepaid Card category for eccount® money.

Developed in conjunction with STA Travel, the STA ISIC Cashcard is the only combined affinity, international ID and travel card on the market. Solely for students, the card has all the benefits of a prepaid travel card, whilst doubling up as an international student ID and discount card.

Launched in November 2012 and aimed at the unbanked and disenfranchised market, eccount® money enables individuals who may have been refused a current account or given a basic account by a high street bank access to a premium service, complete with online account management, mobile app, cashback club and UK call center, as well as a VISA prepaid card enabling online and instore purchases as well as ATM withdrawals.

John Sharman, CEO of Tuxedo Money Solutions, said: “It is a great honour for us to accept these awards. The Prepaid365 Awards are well respected within the industry and voted for by our customers. It is fantastic to see Tuxedo’s continual commitment to improvement and innovation in the development of payment technology recognised among our peers; and by the very people who use our services.

“It’s already been an exciting year for Tuxedo with the opening of our first satellite office in Australia and the announcement of our global deal with STA Travel to implement our prepaid travel programmes across the globe. These awards are a very welcome addition to a successful 2014.”

Amit Sharma, CEO and Senior Prepaid Consultant at Prepaid365, the UK’s Prepaid Card Portal, said: “As the UK’s first single international ID and travel card, I am delighted to see the STA ISIC Cashcard receive consumer recognition at this year’s awards. With cashback rewards, SMS account management, POS currency conversion and more, the STA ISIC card builds significantly, in substance and style, over the standalone prepaid travel cards offered by STA in previous years.

“Since its launch in late 2012, the eccount® money has undergone continual development to deliver premium banking that delivers greater value than most traditional basic bank accounts. With consumer rewards, cashback and the ability to manage all activity online or via the mobile app for smartphones, eccount® money is a worthy winner of this consumer recognition.”

This was posted in Bdaily's Members' News section by Tuxedo Money Solutions .