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- Transact to issue VISA cards for Ixaris’ EntroPay and Opn products -

Transact Network, a leading European prepaid card issuer, is partnering with Ixaris to offer its services for the first time on the Visa network.

Ixaris, a provider of prepaid payment applications, which launched Visa Europe's first virtual Visa programme in 2003, is now working directly with Transact Network to issue both virtual and plastic prepaid VISA cards for its leading EntroPay and Opn payment solutions.

Transact Network has worked with Ixaris since 2009 to issue MasterCard products. This new deal signifies the Gibraltar-based company’s first large scale Visa implementation since announcing earlier this month its ability to offer services through Visa Europe.

William Lorenz, Banking Director at Ixaris, said: “Given the success of the partnership with Transact Network, it was only natural to expand our relationship to include virtual and plastic prepaid Visa products. Transact’s ability to design and deliver prepaid programs in a cost effective manner is critical to our successful partnership. We are excited about expanding our existing partner network.”

Kriya Patel, Sales Director at Transact Network, added: “We’ve worked with Ixaris for more than two years, and I’m delighted we can build on this successful relationship to offer added value through our recent membership with Visa. Ixaris is one of the original innovators in the European prepaid space and we are pleased to be able to support enhancing their core product offering through our partnership.

“This is a great example of how Transact Network can now offer increased choice and flexibility to existing and new program managers through being one of just a few prepaid service providers offering programs on both major payment systems.”

ENDS

Press contacts:

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

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 Ixaris

Ixaris specialises in developing innovative global applications based on open-loop (Visa and MasterCard) prepaid card schemes. Its payment applications provide easy access to electronic payments for those consumers unwilling or unable to access credit card services.
Ixaris' consumer payment service, under the EntroPay brand, currently manages financial transactions exceeding US$15 million per month. With more than 100 clients, Ixaris offers a range of co-branded payment applications that enable enterprises within the healthcare, travel and affiliate marketing industry, and financial institutions to capitalise on the growing market for prepaid payment solutions through cost-effective, easy access to global payment networks (Visa, MasterCard, SWIFT).

Ixaris provides operational support for its solutions as well as customer services and fraud management from its world-class facility in Malta. It is recognised by Visa and MasterCard as an Independent Sales Organisation. Ixaris is also certified by the FSA as a small e-Money issuer and is registered with the UK HMRC as a Money Service Business. Ixaris' financial service partners include RBS, Barclays, Transact Network and Bank of Valletta.

Ixaris is a privately-held company funded by leading UK institutional investors. Its corporate headquarters are in London.

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