UK prepaid card programmes provider CorporatePay has partnered with Small World Financial Services Group, a group of retail financial services businesses, to launch a prepaid MasterCard card programme for Small World's customers.
As part of the project's initial phase which debuts in March 2009, the first prepaid MasterCard-branded cards will be developed for LCC and Global Link, two companies which are part of the Small World group. The cards are to be issued via UK financial services provider Newcastle Building Society, will carry the LCC brand and are to be distributed via LCC's UK network of branches and agents as well as online.
The prepaid MasterCard card is to provide cardholders with the possibility to share, spend and withdraw money, as well as access services provided by Small World businesses, such as Money Transfer and Cheque Cashing. Small World offers customers prepaid debit cards services, cheque cashing and bureau de change. The group also provides money transfer services worldwide via a number of brands, including LCC, UNO Money Transfer, Global Link International, Express Funds, Universal de Envios and Bayba.