Timperley Based ClearCash Partners With Advanced Payment Solutions Limited To Launch Upgrade

Local business, Timperley based ClearCash partners with Advanced Payment Solutions Limited (“APS”) to launch improved ClearCash Prepaid MasterCard® Card and icount as a great alternative to a bank account.

Local business, Timperley based ClearCash partners with Advanced Payment Solutions Limited (“APS”) to launch improved ClearCash Prepaid MasterCard® Card and icount as a great alternative to a bank account.

  • ClearCash Card and icount includes direct debit and standing order services and cardholder account number and sort code
  • ClearCash card and icount offers the APS credit building facility with Creditbuilder™
  • ClearCash Card and icount offers up to four additional cardholders, to share money with family and friends at home and abroad. Available from age 13 onwards enabling parental control on finances and budgeting

When asked to comment on the launch of the new look card and icount, Matt Lanford, Head of Prepaid at MasterCard Europe, said:

“We congratulate ClearCash and APS on the launch of this new programme. Consumers are increasingly embracing prepaid as a means to make safe, simple and smart payments as we move to a world beyond cash.”

ClearCash switches provider to APS to leverage their strong servicing and account features of the Cashplus offering. The partnership of these two award winning brands results in the launch of a new and improved ClearCash Prepaid MasterCard and icount facility, offering cardholders a better alternative to a bank account. The new ClearCash card and icount offers additional benefits that include direct debits, standing orders, up to four additional cardholders, plus Creditbuilder™ a credit building facility that helps customers build or repair their credit rating just by using their card. ClearCash continues to offer Pay Monthly and Pay As You Go tariffs.

ClearCash director, Samuel Mond, decided it was time to develop the product to meet the needs ClearCash customers said they wanted:

“We wanted to build on the fantastic feedback coming in from customers by giving them the money management features they said they wanted. The new card does this and more.”

The card is expected to appeal to many people struggling with their credit rating. Budgeting and money management are key issues in the Prepaid and Debt sectors – particularly regarding young adults and financial education. The additional cardholder facility ClearCash now offers enables parents to have an element of financial control over their children’s spending, whilst also teaching them how they manage the money they are given access to without the risk of getting into debt.

Rich Wagner, CEO of APS said,

“We’re delighted to be providing all the innovative benefits of a Cashplus Account to ClearCash cardholders. They’ll soon be enjoying an excellent alternative to a bank account”.

Information for editors:

About ClearCash

ClearCash Prepaid MasterCard launched in 2009 to offer a much needed alternative to standard banking facilities, creating a product which was easy to use and accessible to everybody – including people with poor credit history or CCJs.

Since launching, ClearCash has grown in size to become one of the main providers of prepaid cards in the UK, gaining an impeccable reputation from its clients as well as industry individuals. Research in 2011 confirmed 9 out of 10 ClearCash clients would recommend the card to others.

This July, ClearCash, through service provider APS offers increased functionality.

ClearCash is part of ClearDebt Group plc, established in 2004 by leading Insolvency Practitioner David Mond. Based in Timperley, Cheshire, the Group has over 150 staff and continues to grow.

Contact for ClearCash
Sally Hardiman +44 0161 968 6815 sally.hardiman@clearcash.co.uk
Jacqueline Cohen +44 0161 968 6823 jacqueline.cohen@cleardebt.co.uk

About Advanced Payment Solutions Ltd (APS)

Advanced Payment Solutions Ltd (APS) is one of Europe’s most innovative payment solutions companies. Recent awards include ‘Best Payroll Prepaid Card’, ‘Best Unbanked Prepaid Card’, and ‘Best Basic Bank Account with Prepaid Card’ at the Prepaid365 Awards 2012 which were voted for by over 340,000 consumers.

APS facilitate payments for both consumers and businesses and, working with the Co-operative Bank, support payment solutions for local government councils throughout the UK.

APS is the most awarded prepaid solutions provider in Europe and one of the most successful prepaid card businesses. APS Financial Ltd (AFL), a wholly owned subsidiary of APS, has issued over 1,000,000 (one million) Cashplus cards and processed more than £1,000,000,000 (£1billion) in payments.

APS continue to lead the market to meet the challenging needs of its growing base of clients and customers. APS allows customers to benefit from a range of different prepaid, credit and bill payment accounts. Payment solutions include the facilitation of bill payments, direct debits, foreign currency exchange, faster payments, short-term fixed loans and virtual (e-bank) accounts.

APS also offers payment solutions to over 5,000 businesses and local authorities in London, the North West, South West, East & West Midlands and Central regions in England and Wales.

To find out more information about APS and the range of products available please visit www.apsgroup.com and www.mycashplus.co.uk

Richard Wagner, the founder and CEO of Advanced Payment Solutions is available for interview

Contact for APS
Anne Cantelo +44 020 7025 8030 +44 07789 905 304

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