firstprepay today expanded its offering into the retail, near and sub prime sectors with the ability to offer prepaid cards over the counter.

This product enhancement can be used to remove cash from the sub prime lending or cheque cashing market and with it the risk of fraud and theft.
 
Mark Kennedy, CEO Firstprepay, said, “ this product can be used by agents at the door or within cheque cashing branches to supply an aspirational product to the customer, reduce the cost of money, reduce the risk of carrying cash to agents and reduce the temptation of fraud and theft.”
All cards issued by First Prepay are issued by Newcastle Building Society pursuant to licence by MasterCard® International Incorporated or Affiliates. Newcastle Building Society is authorised and regulated by the Financial Services