From 23rd October PayPoint agents will be able to offer The Mirror readers the chance to apply for and securely load money onto a new Mirror Quidity™ card – a pay as you go Maestro® card from PrePay Technologies.
The Quidity™ card has been designed for those who want visibility, autonomy and control over their spending with the convenience associated with a top up card. It enables users to top-up the card for free at over 15,000 PayPoint outlets. Once loaded, the Quidity™ card is accepted wherever the Maestro® or Switch® acceptance marks are displayed.
Users of the Quidity™ card can avoid the hassle of opening a bank account whilst still benefiting from the all of the advantages of plastic payments and the risk of going overdrawn is eliminated.
Mike Igoe, PayPoint Retail Director commented: “Partnering with PrePay Technologies provides Quidity™ card users the ability to top up their cards at PayPoint outlets across the country. PayPoint retailers will benefit from The Mirror readers applying for and topping up their cards in-store at an uncapped commission rate of 1% for the first six months and increasing to 2% thereafter.”
The Quidity™ card is available to readers from 23rd October 2006 and is offered free of charge until the end of this year if the initial load value exceeds £20. The Quidity™ Card is being offered to over 6 million readers by MGN and is operated by PrePay Technologies Ltd, the market leader in Stored Value Card Solutions, under its 360money prepaid portfolio.
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Enquiries:
PayPoint Press Office
Kate Simpson or Helen Crossley
020 7553 4111
kate.simpson@mischiefpr.com / Helen.crossley@mischiefpr.com
Notes to Editor:
PayPoint is a leading payment collection network of over 15,000 outlets used, primarily, for the cash payment of bills and services and prepayments for mobile telephones and energy meters.
PayPoint began trading in 1996 and initially collected payments through its network of retail agents for its founder client investors, who included British Gas, BT, BBC TV Licensing, London Electricity (now part of EDF Energy) and four water companies.
It now has more than 800 clients including many of the UK and Ireland’s major energy, cable, mobile and fixed line telephony companies. Its blue chip client list also extends to numerous water companies, local authorities and housing associations and a growing transport and travel base.
PayPoint listed on the London Stock Exchange in September 2004.
Notes to Editor:
About PrePay Technologies Ltd
PrePay Technologies Ltd. is an international market leader in designing and delivering stored-value card solutions, including prepaid debit cards, retail gift cards, corporate incentive cards and insurance claim cards.
From its data centres in the UK, the company creates stored-value programmes and manages several million stored-value card accounts for large brands such as Debenhams, Ticketmaster, Comet, Arcadia Group (Top Shop, Top Man, Burton, Miss Selfridge, Outfit, Evans, Dorothy Perkins, Wallis), Laura Ashley, Western Union, Capital Incentives (ACCOR) and the Grass Roots Group.
MasterCard certified and FSA regulated, PrePay Technologies was also the first company in the UK to acquire an Electronic Money Licence to issue e-money across Europe.
PrePay Technologies Ltd. is a privately held venture, with investors and strategic partners including GE Capital, (www.gecapital.com), GRP Partners (www.grpvc.com), Arts Alliance (www.artsalliance.com) and the LINK ATM Network (www.link.co.uk).
