Cashplus

Cashplus, the product brand of APS, is a provider of prepaid MasterCards and current account for consumers, small businesses and local government authorities in the UK.

Cashplus
Product typePrepaid cards, current accounts and business accounts
OwnerAdvanced Payment Solutions Limited
CountryUnited Kingdom
Introduced2005
MarketsFinancial services
Websitewww.cashplus.com

Introduced in September 2005, Cashplus was the first prepaid credit card to be launched in the UK.[1] As of 2008, it was Europe's leading MasterCard-based prepaid service.[2]

History and developments

Since 2005, Cashplus has evolved from its roots as a prepaid card provider, to offer instant approval digital current account for consumers and SME’s, foreign currency cards, business and employee expense solutions and a full suite of lending products.[3]

Products

Personal prepaid cards and current accounts

Cashplus prepaid MasterCards and digital current accounts provide an alternative to traditional bank accounts in the UK. They offer a secure means to shop online and in store (worldwide, utilising the MasterCard network), make and receive payments (including Direct Debits and standing orders) and manage money.

Business current accounts and expense cards

Designed for SMEs, Cashplus Business Account work in a similar way to traditional business bank accounts – offering key features such as a unique account number and sort code, online and mobile banking, payments and transfers and a business MasterCard.

Foreign currency cards

Cashplus currency cards, available in Euro and US dollar varieties are available as a linked product to both consumer and business Cashplus accounts.[4]

Credit and lending products

Provided by APS, Cashplus customers can also sign up for add-on reusable lines of credit[4] and a credit repair product, Creditbuilder.[5]

See also

References
  1. "Payment cards are first step towards making cash obsolete". The Independent. 24 September 2005.
  2. "Advanced Payment Solutions Moves Europe's Leading MasterCard-Branded Prepaid Portfolio to Metavante". Business Wire. 17 April 2008.
  3. "Payment Solutions: Prepaid Cards, Credit, Sponsorship & SME Banking". www.apsgroup.com. Retrieved 2016-04-06.
  4. "Prepaid Cards, Travel Money Cards, Lending Products & Online Bank Accounts". www.apsgroup.com. Retrieved 2016-04-06.
  5. "How a prepaid card could boost your credit rating". Choose. Retrieved 2016-04-06.
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