White Eagle launches prepaid EMV card
White Eagle (Europe) in conjunction with Newcastle Building Society has launched the Freedom Eagle Cash Card.
The prepaid MasterCard is fully re-loadable, which White Eagle says is unlike most other instant issue products in the market which can only be loaded once.
The card card is reloadable up to £650 and has immediate ATM functionality allowing the customer to load and unload their card as they require.
“The customer can also upgrade to higher spend and balance limits at any time they wish within the first twelve months subject to criteria being met” said John Ondreasz, head of retail business development at prepaid services provider White Eagle.
Kriya Patel, head of card solutions at Newcastle Building Society said: “The fact that it is instant issue and also reloadable adds a new dimension of convenience to personal spending using a prepaid card, without compromising on security.”
The initial retail launch is taking place at several locations in London, prior to the nationwide launch. The cards can also be purchased online at http://www.freedom-card.co.uk.