PCS Launches Breadcard Prepaid Corporate Mastercard® For The UK Scrap Metal Industry Powered By Carta Prepaid Platform

In Digital Transactional Processing, Prepaid, Press Releases by Carta Worldwide

To meet with the new UK Home Office guidelines regarding the banning of cash to pay for scrap metal, PCS offers UK based scrap metal dealers a fast, convenient and compliant way to pay customers for scrap metal using a fully verified prepaid Mastercard® card.

 

The system provides a full electronic audit trail of funds and PCS carries out independent verification of customers’ identity within seconds to allow a customer to be issued with a funded card in seconds. “We allow participating scrap metal dealers to issue their customers with Prepaid MasterCard® Cards (subject to identity verification) and instantly load these cards with the funds which were previously paid in cash,” explains Paul Swinton, CEO of Payment Card.Solutions. “We quickly reacted to a change in UK Legislation in October 2012, to provide a viable and convenient method of paying suppliers using prepaid cards when cash was prohibited,” adds Mr. Swinton.

Bread4Scrap prepaid Mastercard® cards provide a full electronic money trail complying with the new law changes recently enacted. The registration process is quick and easy and cards can be reloaded the next time a visit is made to a Bread4scrap dealer. PCS also provides full Programme Management development and support for white label prepaid card solutions of BreadCard enabling distribution of their products and services to major clients.

“We are delighted to have been selected as the prepaid processing platform for PCS’s programmes and are particularly pleased to have implemented the Bread4Scrap prepaid card programme in a period of weeks leading up to the changes in the UK legislation regarding the deadline for elimination of cash payments in scrap yards,” states Brian Semkiw, CEO of Carta Payment Solutions. “We had a very tight timeline to bring this programme from conception to delivery and we were successful in meeting those very aggressive timelines for our client PCS,” adds Brian Semkiw.