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Transact Network

Transact Network[http://www.transactnetwork.com], a leading European prepaid card issuer, is providing payment services for programme management experts, Blueberry, for the launch of its Cashbackcard.com[http://www.cashbackcard.com] prepaid MasterCard® card.

Blueberry has chosen Transact Network as the issuer behind its first major scheme, which offers consumers cash back on purchases made using the Cashbackcard.com prepaid card at over 32 million merchants globally.

This latest deal marks over 50 MasterCard schemes launched this year by Transact Network, which has also recently announced achieving over 500,000 cards issued on the MasterCard network in Europe. This takes Transact to more than 100 MasterCard programs now live in 12 European countries.

Roland Ham-Riche, Director at Blueberry, said, “We chose Transact Network because its flexible and business-focused attitude enables Blueberry to develop standout prepaid card programmes in a competitive industry. Transact's global vision matches our own, making it an ideal partner for growth. We’re excited to be gathering some new clients who, through our partnership with Transact Network, promise to further the reach of prepaid in Europe.”

David Hastie, Operations Director of Cashbackcard.com, said: "This is a product that people actually need in times of financial hardship, with the added incentive of cashback on everything they buy. We see the Cashbackcard.com prepaid card programme growing significantly over the next six months.”

Kriya Patel, Sales Director at Transact Network, added: “We’re really pleased to be the issuer for Blueberry and the Cashbackcard.com scheme and look forward to seeing the product realize its huge growth potential.

“Through Transact’s expertise in markets such as general purpose reloadable, payroll, youth, and corporate, and our ability to launch schemes in just 90 days, we’re ideally placed to provide services to programme managers, like Blueberry, who are looking to take advantage of the burgeoning European prepaid market.”

ENDS



Press contacts
Transact Network
LeAnna Sidhu
+350 2000 3829
press@transactnetwork.com

Notes to Editors
MasterCard is a registered trademark of MasterCard International Incorporated.

About Transact Network
Transact Network is a MasterCard and Visa Europe Principal Member providing European BIN sponsorship and modular prepaid services. Transact Network’s electronic money and payment service permissions have been successfully passported to every EU and EEA member state enabling the issuance of prepaid card programs across Europe. The Company’s proprietary modular prepaid card service platform enables bespoke, scalable solutions, rapid implementation, low entry costs, reliable ongoing management and proven risk reduction. The Company can implement a prepaid program from concept to launch in approximately 90 days. Transact Network is a licensed and authorized e-money institution by the Gibraltar Financial Services Commission and has fully owned subsidiaries and offices in England, India and Bulgaria, as well as affiliate sales offices in France and Germany.

For more information about the types of products and services Transact Network provides please visit: http://www.transactnetwork.com.

About Blueberry

Blueberry was founded in 2006 and has developed an extensive experience in launching Prepaid cards. It has created a complete range of products catering for any budget. An off the shelf card can be delivered in a matter of days, and a fully bespoke programme can be launched in a few weeks. Blueberry’s partnership with Cashbackcard ushers in a new era for Prepaid, which the company is proud to be part of.

This press release was distributed by ResponseSource Press Release Wire on behalf of Transact Network Limited in the following categories: Consumer Technology, Personal Finance, Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.