Press Room

TransCash Italia, S.p.A, a licensee of TransCash Corporation, just launched in Italy

August 30, 2011

TransCash Italia, S.p.A, a licensee of TransCash Corporation, just launched in Italy

 

Roma, Italia August 31, 2011 -- “TransCash Italia, S.p.A., is the first Prepaid Debit card available in the large retail distribution in Italy”, said President Mr. Paolo Ricciotti. A “unique” product, the TransCash MasterCard® Reloadable Prepaid Cards, is especially designed for individuals who are “unbanked” or “underbanked” meaning those who either do not have a bank account or elect to conduct basic financial services primarily through alternative providers.

 PRODUCT DETAILS
TransCash MasterCard® Reloadable Prepaid Cards are sold prepackaged in sets of two (2). Both cards are linked but each card has a separate account. The primary card holder keeps the primary card (green card) and gives the companion card (red card) to his immediate family member. The cardholder with the primary card can then move funds from one card to the immediate family member’s card, sharing money online or over the phone and the funds are immediately available to the family member provided the companion red card. Best of all, this service is free as part of the monthly fee and the cards are usable anywhere MasterCard® is accepted worldwide.

For a flat monthly fee of € 9.99, cardholders can use their account to:

  • Send money to family members anywhere, any time at no additional charge.
  • Shop in store or online, dine, make travel reservations, and more!
  • Both cards can be used anywhere MasterCard Debit cards are accepted worldwide.
  • Withdraw cash at ATMs worldwide.

The TransCash product, pack of 2 cards is available at general retail stores in Italy for the price of € 24. 99. A
list of stores is available online at http://www.transcashitalia.it

 The cards are safe, secure and convenient. Funds are protected. Most importantly, TransCash MasterCard Reloadable Prepaid Cards can help minimize expenses to the unbanked and underbanked, and help simplify the current system most use which can be inconvenient and burdened with complicated fees and inconsistent servicing.

 This card is issued by Transact Network under a license by MasterCard International Incorporated.

 About TRANSCASH CORP - TransCash Corp is a California based corporation established in 2002.
TransCash Corp focuses on facilitating international money transfers with substantial savings over existing
services. Charles Cohen, CEO of TransCash Corp explained that the leverage of the TransCash Card program is a set of two prepaid Visa® or MasterCard® cards, conveying all rights and privileges to load money and enjoy purchasing goods and services everywhere. VISA® or Master Card® is accepted worldwide which provides the easiest and least expensive transfer of funds to families around the world. The goal is to attract targeted customers away from check-cashing agents, money orders, money transmission services, and bill pay centers by providing them with an easier, more convenient and lower cost alternative to mainstream banking and nontraditional financial service providers. For more information, please visit http://www.transcash.com.

 About TRANSACT NETWORK LIMITED (“TNL”) - a MasterCard and Visa Europe Principal Member, regulated by the Gibraltar Financial Services Commission, providing European BIN sponsorship and modular prepaid card services to program managers and brand owners.

 

TNL issues MasterCard® and Visa® physical and virtual prepaid cards. The Company’s e- money license has been successfully passported into every EU and EEA member state, enabling the issuance of prepaid card programs across Europe.

 The company’s proprietary modular prepaid service platform is fully integrated with many leading processors including FIS and Metavante, M2, and can also integrate with client proprietary processing systems, enabling bespoke, scalable solutions, rapid implementation, low entry costs with earlier payback, reliable ongoing management and proven risk reduction. Multi-lingual project teams are dedicated to service client prepaid card programs.

 TNL clients include regulated financial institutions, financial services companies, marketing organizations,
mobile phone operators, retail chains, large and small corporations, and governments.

 About FIS™ (FIS) -- one of the world’s largest providers of banking and payments technology, today announced a three-year agreement with prepaid card provider, TransCash™ to provide card and transaction processing. With a 45-year history deeply rooted in the financial services sector, FIS has expanded substantially to serve more than 14,000 organizations in the financial services, healthcare, government and retail industries in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 people worldwide and holds leadership positions in payment processing, core banking solutions and risk-management services in multiple markets and geographies. FIS is a member of Standard & Poor’s 500® Index and consistently holds a leading ranking in the annual FinTech 100 list. For more information about FIS, visit http://www.fisglobal.com.

Contact Information


Charles Cohen
corporate@transcash.com
http://www.transcash.com
+1-310-859-8159


Paolo Ricciotti
TransCash Italia S.p.A
http://www.transcashitalia.com
+39 06 89520411