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TUXEDO: WEARING IT WELL AT THE CARD AND PAYMENT AWARDS 2014

Published by Gbaf News

Posted on February 18, 2014

4 min read
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Tuxedo Money Solutions awarded ‘Best new prepaid card product of the year’ at the Card and Payment Awards 2014

Tuxedo Receives Prestigious Industry Recognition

Tuxedo, a leading payment technology and prepaid card provider, has been awarded best in class for its prepaid solution at the Card and Payment Awards, announced on 6th February 2014.

About the Card and Payment Awards

Recognising excellence and innovation in the card and payments industries, the independently judged Card and Payment Awards commemorate exceptional customer service and progressive payment technologies. To receive such an accolade from the industry is significant for Tuxedo, for whom technological advancement takes great precedence.

Winning the Best New Prepaid Card Product

Tuxedo took the title of ‘Best new prepaid card product of the year’, for its STA ISIC Cashcard. Building on its existing relationship with the student travel company, STA Travel, Tuxedo identified an opportunity to combine STA Travel’s International Student Identity Card (ISIC) with a prepaid travel card, creating the STA ISIC Cashcard – the first ever travel student identity card and MasterCard® Cashcard in one.

Tuxedo’s Growth and Innovation Journey

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.

CEO John Sharman’s Reaction and Insights

Tuxedo’s Chief Executive Officer, John Sharman, comments: “It is with great delight that Tuxedo accepts this award. Not only will it help to showcase our expertise in the industry, but it also serves as evidence that investment in the development of technology is key. Tuxedo is committed to continual improvement and innovation and it is this that will keep us ahead of the game. The awards are well respected within the industry and set Tuxedo in good stead as it embarks upon international expansion this year.”

For more information, please visit tuxedomoneysolutions.com

Tuxedo Money Solutions awarded ‘Best new prepaid card product of the year’ at the Card and Payment Awards 2014

Tuxedo, a leading payment technology and prepaid card provider, has been awarded best in class for its prepaid solution at the Card and Payment Awards, announced on 6th February 2014.

Recognising excellence and innovation in the card and payments industries, the independently judged Card and Payment Awards commemorate exceptional customer service and progressive payment technologies. To receive such an accolade from the industry is significant for Tuxedo, for whom technological advancement takes great precedence.

Tuxedo took the title of ‘Best new prepaid card product of the year’, for its STA ISIC Cashcard. Building on its existing relationship with the student travel company, STA Travel, Tuxedo identified an opportunity to combine STA Travel’s International Student Identity Card (ISIC) with a prepaid travel card, creating the STA ISIC Cashcard – the first ever travel student identity card and MasterCard® Cashcard in one.

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.

Tuxedo’s Chief Executive Officer, John Sharman, comments: “It is with great delight that Tuxedo accepts this award. Not only will it help to showcase our expertise in the industry, but it also serves as evidence that investment in the development of technology is key. Tuxedo is committed to continual improvement and innovation and it is this that will keep us ahead of the game. The awards are well respected within the industry and set Tuxedo in good stead as it embarks upon international expansion this year.”

For more information, please visit tuxedomoneysolutions.com

Key Takeaways

  • Tuxedo Money Solutions won 'Best New Prepaid Card Product of the Year' at the Card and Payment Awards 2014 for its STA ISIC Cashcard.
  • The STA ISIC Cashcard combined a student ID (ISIC) with a prepaid MasterCard travel card — a pioneering dual‑function product.
  • Founded in 2006 and launching its first prepaid product in 2007, Tuxedo has built a client portfolio exceeding 800 organizations by 2014.
  • The award recognition underscores Tuxedo’s focus on technological innovation and supports its international expansion ambitions in 2014.

References

Frequently Asked Questions

What did Tuxedo win in 2014?
Tuxedo won the ‘Best New Prepaid Card Product of the Year’ at the Card and Payment Awards 2014 for its STA ISIC Cashcard.
What is the STA ISIC Cashcard?
It’s the first-ever combined student identity card (ISIC) and MasterCard prepaid travel card, launched by Tuxedo in partnership with STA Travel.
When was Tuxedo founded and when did it launch its first product?
Tuxedo was founded in 2006 and launched its first prepaid product in 2007.
How many organisations had Tuxedo partnered with by 2014?
By 2014, Tuxedo had developed a portfolio involving more than 800 organisations.
What strategic benefit did the award offer Tuxedo?
The award highlighted Tuxedo’s technological innovation and helped strengthen its position ahead of planned international expansion in 2014.

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