ClearCash proves a clear winner at the Prepaid365 Prepaid Card Awards 2010

17th February 2010

Bringing home awards for the Best Unbanked Prepaid card and runner up for Best Newcomer in the Prepaid market, ClearCash celebrates its first win just nine months after its initial launch.

The ClearCash Prepaid MasterCard® has quickly gained credit within the Prepaid sector as one of the most “hands-on” cards - providing users with key tools to manage their finances through one of the toughest economic times since world war two. One of the only Prepaid cards to offer clients free purchase protection insurance, ClearCash’s pride and joy is their tailor made BudgetMaster tool developed by Payment Card Solutions – specifically designed to allow clients to delegate budgets for each area of their expenditure, helping them see in real time where they are going under or over budget on their monthly spend.

Operations Director of ClearCash, Samuel Mond commented: “In the current financial climate the last thing anyone needs is to be hit with bank charges for being overdrawn. When developing ClearCash we knew it was key to take a hands on approach, ensuring our clients had as much support as possible to work towards a financially stable future and a more fluid cashflow.

ClearCash has worked really hard with its partner, Payment Card Solutions to create a product that doesn’t discriminate against people who have had trouble with money and which helps them stay in control. Even basic bank accounts treat these people as funts – financial untouchables – at least some of the time. We are glad that consumers, through the Prepaid365 portal, have recognised the contribution ClearCash, a Prepaid card, can make to creating a level playing field for those consumers who have been abandoned by mainstream banks and cards.”

Payment Card Solutions (UK) Ltd operates the ClearCash solution in conjunction with their partners Quantum Card Services Ltd. The ClearCash prepaid MasterCard is issued by Newcastle Building Society