Payment solution companies TransSend and Intercash have formed a co-branding partnership to launch the first MasterCard gaming payout pre-paid card in Europe.
The card offers the same functionality as any MasterCard product - winnings are loaded instantly onto the card, providing customers with quick and easy access to funds.
"The gaming sector has been crying out for a secure, reliable and globally recognised prepaid card solution," commented Richard Jones, CEO of TransSend. "We are delighted to be the first provider to be given approval to issue MasterCard gaming payout prepaid cards."
Users can withdraw cash at one million ATMs worldwide, make point of sale payments at over 24 million accepted locations or use the card to make secure transactions online.
The benefits for gaming companies, meanwhile, include a reduction in costs in terms of cheque payouts and bank transfer fees, as well as access to a new revenue stream.
Jones continued: "Prepaid cards are ideally suited to the gaming sector and will bring a host of benefits to the industry. Gaming companies are marketing heavily into Europe at the moment and we therefore expect substantial interest from the industry in this product, as it is the first MasterCard approved prepaid card programme."
