Prepaid Financial Services
Prepaid Financial Services (P FS), a leading international provider of prepaid services and MasterCard prepaid partners, has today announced the release of its exciting new Pocket to Pocket application for the Apple iOS mobile platform. The brand new App is designed to offer consumers all of the advantages of traditional prepaid cards, without the need for a card. This means that customers can quickly gain access to their monthly funds as well as invest those funds however they see fit. The innovative technology provided by Prepaid Financial Services, or PFS, includes a wide range of features that allow users to manage their money including managing their PFS savings account. These funds can be used for any purpose, including making online purchases or paying bills.
The prepaid Financial services company originally signed an agreement with the Federal Deposit Insurance Corporation (FDIC) in March 2009, in which the FDIC insured the assets of PFS and automatically opened the doors to opportunities for small business owners to benefit from this unique economic reality. At that time, the company did not expect the growth in the global economy and the negative reaction from the American public to the economic bailout plan. As such, PFS was forced to review the terms of the original agreement. Today, the company has once again signed an agreement with FDIC to refinance millions of its prepaid cards and refund the fees associated with these accounts to the customers.
In today’s world, the prepaid cards created by PFS are not only beneficial to consumers. They are also very important to businesses. Businesses commonly use the prepaid cards to create virtual cards that give employees access to their company’s funds. The virtual cards act just like a credit card would, granting access to a particular employee’s cash balance. By doing so, companies not only guarantee their employees the ability to pay their bills but also are able to manage their company’s expenditures more effectively.
A Closer Look At Prepaid Financial Services
For business, the creation of the apps that work just like debit or credit cards allows them to monitor their employees’ spending habits. They can also ensure that they do not overspend the funds they have allocated for advertisements or supplies. With the use of the app, cardholders can manage their spending history on the go. Once they download the app, they can immediately apply for a prepaid UK account by accessing the website of the provider, sign in using their personal details and start managing their own prepaid money.
For consumers, prepaid cards allow them to take out money that they need right now. They can get access to their savings and funds as soon as they need it. This is also convenient for those who want instant cash advances. When cardholders need money, they can simply take out a prepaid ATM card and use it at any of the designated ATM machines around the UK. By accessing their prepaid money within minutes, cardholders can immediately complete transactions and make their purchases. There is no need for cardholders to carry large amounts of cash as they can easily create virtual cards and withdraw the amount they require.
In both cases, the prepaid financial services provided by the app providers are very convenient. It is easy for cardholders to manage their own funds and get instant cash advances whenever they need them. However, most experts suggest that it is important for people to be wary about the authenticity of these apps before they install them. The reason why people should be wary is that scams have been reported primarily regarding the creation of fake applications. Scammers are able to set up fake accounts on cardholder’s accounts which will cause further financial damage. Therefore, people must check if the service they are getting is authentic before they can enjoy its benefits.
