Transact 24 moves its prepaid card to CashFlows

Migrating to CashFlows

Payment solutions provider Transact24 is partnering next-generation banking services firm CashFlows, which sees the migration of Transact24’s three unique Visa prepaid card programmes (view press release). The move is aimed at improving services for Transact24 customers and widening the geographical area from which applications for its prepaid cards can be accepted.

Philip Meyer, Managing Director, Transact24 said: “Transact24’s strategy is to be in a position to seamlessly manage the full value chain for both card acquiring and card issuing. CashFlows’ track record, as well as their geographic reach, makes them the perfect partner to enable Transact24 to realise that strategic objective.”

The three card programmes in question are T24 Black which offers priority pass and international travel insurance; T24 BlackShield which allows medical and travel claims to be paid directly to the prepaid card; and T24 PayVault which offers full integration to corporate clients.

“We are very pleased to be partnering with such a well-established and credible company as Transact24, especially as its culture and company ethics closely match our own in terms of approach to business, risk and commerce facilitation. The three programmes that are being launched are exciting and we anticipate will be the start of many more to come,” said Sandy Sancaster, Head of Business Implementation, CashFlows. 

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