Prepaid plastic…..it’s the future

By TIM HEMING – Sun Money, March 30, 2007

THE UK’s first prepaid, instant issue Mastercard has been launched to fight the credit and debit card fraudsters.
The Prime Card, from IDT Finance, could be the future of plastic purchase and prevent a repeat of TK Maxx heist scare that affected 45million.

It can be bought over-the-counter at thousands of local high-street convenience stores displaying the PayPoint and e-pay signs.

There is no need for the purchaser to fill in any forms or show any ID and it can be used wherever the Mastercard acceptance mark is displayed. That is over 24.8 million outlets worldwide – including online.

The Prime Card is deliberately not linked in any way to a customer’s existing banking services which means once the purchase is made anyone stealing their card details online will only have access to an empty, disposed card.

The card is available over the counter in amounts from £10 to £150, but the catch is it does cost £3 for every time Click to visit the Sun Money website and read full article >>

Click here to review UK prepaid card providers and fees >>