Finextra: Pre-paid Internet payment card launched in the UK

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Pre-paid Internet payment card launched in the UK

payment card that can be loaded with funds at pay mobile top-up terminals and used to pay for purchas made via the Internet has been launched in the UK.

16/05/2006 - 15:47
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TeleGlobal, the company behind the pre-paid Internet paymen card, called Snap, has inked a deal with Euronet subsidiary e-t make free Snap cards and top-up services available at location where e-pay terminals are installed. E-pay, - which is the largest electronic payments processor of paid mobile airtime top-up services in the UK - currently provk top-ups for Vodafone, 02, Orange, T-Mobiie, Three Network ar Virgin Mobile and its services are available at more than 100,0 points of sale (PaS) in the UK. TeleGlobal says its new Snap card will enable customers whe c have a credit or debit card, or do not want to use their credit c on the Internet, to make on line purchases. Erik Holst-Roness, chief executive of TeleGlobal, says: "The kir people who will benefit range from kids who want to download music and games, to the thousands of families without credit c to people who don't want to put their credit details on the Inte or those who just want to make their online purchases private. He says on line merchants can now connect with an entirely ne' group of consumers without the fear of fraud or charge backs. The agreement with e-pay follows an earlier deal that TeleGlot inked with Internet payments firm securetrading. Under terms this deal, online retailers already using securetrading's service: now be offered Snap alongside credit and debit cards. Says Holst-Roness: "With these agreements now in place, we I made it possible for everyone, no matter what their age or cre circumstances, to enjoy the benefits of online shopping."

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15/06/2006