TUXEDO MONEY OFFERS MOBILE APPLICATION TO MANAGE PREPAID ACCOUNTS

Tuxedo Money Solutions, a U.K.-based prepaid card provider, today announced it has introduced a mobile application for managing prepaid card accounts.

Tuxedo’s Mobile eccount enables cardholders to use their mobile phones to check balances, make transfers from one Tuxedo card account to another, block or cancel a card that has been lost or stolen or view “mini statements” via text message, phone or online, according to a press release. Tuxedo is offering the service free for a trial period and intends to charge £1 ($1.77) a month for customers who choose to retain the service after the trial, the statement said.

“The market for prepaid cards spans all demographics, including those who prefer not to use the Internet, do not have access or are simply on the move,” Colin Loubser, chief marketing officer of Tuxedo said. “We are dedicated to extending the universal availability of our payment solutions to new, emerging and underserved markets.” Loubser also said enhanced functionality would be coming to the mobile application soon including the ability for users to top up their prepaid card from their phone.

Tuxedo Money offers mobile application to manage prepaid accounts