Tuxedo Money Solutions, a leading payment technology and prepaid card provider, has been awarded ‘Best alternative/emerging prepaid payment solution’ for its eccount® money solution at the Prepaid Summit: Europe 2014, hosted in Milan.
Recognising excellence and innovation within the prepaid industry, the Prepaid Summit: Europe and associated awards are now in their tenth year. Bringing together the industry’s leading companies, the awards are a significant accolade, showcasing winners to a global market.
Tuxedo took the title of ‘Best alternative/emerging prepaid payment solution’ for eccount® money, an alternative bank account. Utilising a prepaid card with the functionality of a bank account, the eccount® solution has been expressly designed with the unbanked market in mind, bringing them all the benefits of a typical high street bank account but without the credit facility and associated charges.
Eccount® money also provides a range of additional benefits to consumers such as the ability to access and manage their funds via SMS, a free mobile app and an innovative online banking system. The account is open to anyone over 18, regardless of credit history, providing a hassle-free way for consumers to manage their cash flow, irrespective of their financial situation.
Founded in 2006, Tuxedo launched its first prepaid product in 2007 and following strategic investment in educating consumers and businesses of the advantages of prepaid solutions, it has developed a portfolio comprising more than 800 organisations. This latest achievement affirms Tuxedo’s growing stature in the marketplace.
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Tuxedo’s Chief Executive Officer, John Sharman, comments: “To accept this award is a great honour. An incredible platform to showcase our expertise to a global market, the Prepaid Summit: Europe 2014 awards are highly respected by all within the industry. Tuxedo is committed to continual improvement, and the latest award win for eccount® is testament to the dedicated work of our team that has allowed Tuxedo to innovate ahead of the game.”