Case Study
Pushing the boundaries
With more than 150,000 cards in circulation, Tuxedo Money Solutions is one of the leading prepaid card providers in the UK. These cards look just like a credit or debit card, with a card number, chip and signature strip. However, a prepaid card only allows you to spend the amount you have loaded, helping customers stay in complete control of spending. They are the perfect solution for people who can’t get a bank account or for companies to transfer wages or salary, as opposed to paying cheques for large volumes of low cost staff. The cost saving opportunity is significant. Tuxedo is now working on a number of strategic initiatives including pre-paid card solutions for travel money or corporate expenses, providing much more control and security. Tuxedo was looking to build and e