Proxama and Tuxedo announce NFC solution for prepaid cards

NFC specialist Proxama has partnered with white label prepaid card issuer Tuxedo Money Solutions to introduce an NFC-enabled version of prepaid MasterCard PayPass contactless cards.

The new solution runs on Tuxedo’s Eccount platform and allows users to top‐up and check their prepaid account balance 24 hours a day from their mobile phone. In addition, users can instantly block or cancel their account if their phone is lost or stolen.

“The development of this solution means that financial service providers, mobile network operators, mobile virtual network operators and retailers looking to offer their customers a simpler and more rewarding way to pay can enter the contactless payments market — allowing for simpler integration, faster uptake and quicker market penetration,” the partners say.

“This technology will enable any brand to integrate mobile contactless payments into their existing products and services — without the need for complex technology partnerships or significant in‐house development,” says Neil Garner, CEO at Proxama. “We believe this will enable brands to realise the rapidly emerging contactless opportunities, and with a healthy return on investment.”

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