FairFX Press Releases > Consumers Related Posts
FairFX.com and Matalan have partnered up to offer a free FairFX.com currency card - normally costing £9.95 for a three year membership – to Matalan cardholders. This exclusive offer can be applied for online via www.matalan.co.uk and is available until 31st October 2008
Stephen Heath, Chief Executive of FairFX.com, said: “This is a natural partnership for FairFX.com and Matalan. We both share the same commitment to helping our customers get the best bang for their buck, be it on holiday or in the shops. The FairFX.com currency card provides cheap, secure access to cash worldwide and could save people up to €8 or $15 per £100 spent.
“FairFX has seen a rapid expansion since its launch in December 2007 and our partnership with Matalan is the latest step in this development. We plan to continue building the business with further strategic partnerships and significant investment within the company, amongst other drives. Partnerships with brands with a similar ethos to FairFX.com, such as Matalan, make sense as we look to build our customer base further.”
Adam Day, Promotions Manager at Matalan, said: “Being a family oriented retailer we love to deliver our cardholders great value whether that’s instore or through our Reward Card partners. Partnering with FairFX.com is a way we can guarantee cardholders great value when changing currency – something which can prove costly if you leave till the last minute – as well as the added security that a pre-paid card brings!”
How does the FairFX card work? The FairFX Currency Card is a MasterCard chip and pin enabled prepaid debit card. It differs from regular debit cards in two ways. Firstly, the cards are issued in either Euros or US dollars and secondly, funds must be loaded onto the card before they are available to spend. The currency to be loaded is obtained simply by logging on to www.fairfx.com and can be paid for by any sterling debit or credit card or internet bank transfer.
Thursday 22 May 2008, 11:41am
Commenting on news that credit and debit card fraud abroad has risen 77 per cent in the past year alone*, Stephen Heath, Chief Executive of FairFX.com, said: “These figures show it’s becoming increasingly difficult for Brits to protect themselves against foreign card fraud.
“The worrying figures from APACS show a 37 per cent rise in internet card fraud and a 46 per cent rise in card cloning, and as criminals get more sophisticated we can only expect these losses to increase. According to APACS, the worst countries for card fraud are America, Italy and Australia.
“One way for Brits to mitigate against fraud losses is to use a prepaid currency card when shopping online or travelling abroad. The chip and PIN technology makes it much harder for these people to clone cards and the fact they are pre-paid, with no credit facility beyond that which is loaded onto the card, means potential losses are limited.
“Pre-paid US dollar cards can be particularly useful for people planning to go to America, where chip and PIN hasn’t been introduced and fraud is more prevalent than any other country. Travellers can still use a pre-paid currency card to withdraw cash and sign for purchases, but their potential losses are also limited by the fact they load only small amounts onto the card and top up online as they go.”
The FairFX Currency Card is a MasterCard chip and pin enabled prepaid debit card. It differs from regular debit cards in two ways. Firstly, the cards are issued in either Euros or US dollars and secondly, funds must be loaded onto the card before they are available to spend. The currency to be loaded is obtained simply by logging on to www.fairfx.com and can be paid for by any sterling debit or credit card or internet bank transfer.
*According to the APACS card fraud figures issued 12.03.08 http://www.apacs.org.uk/2007Fraudfiguresrelease.html
Wednesday 12 March 2008, 03:26pm
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