
Cash is stored more securely
MasterCard Canada and subsidiary Access Prepaid Worldwide have announced the launch of Cash Passport Prepaid MasterCard Currency Card, in time for Canadians travelling locally or abroad this summer.
The Cash Passport allows you to pre-load your travel money at millions of ATMs, shops and restaurants worldwide. For travellers, prepaid cards are a more secure alternative to the once-popular Travellers Cheque or large sums of cash.
“We develop innovative ways to make paying for travel a seamless experience, and the Cash Passport delivers a convenient, budget-friendly way for Canadians to manage their money while travelling locally or abroad. Canadians looking to get on the road should feel comfortable knowing their cash is stored securely on the prepaid Cash Passport,” said Tom McTague, VP, Prepaid at MasterCard Canada.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more