New BREAD Prepaid Mastercard is Launched

18 April 2009

Today, the award winning BREAD Prepaid Maestro® Card has had a makeover and has been re-launched with the Mastercard® Brand Mark.

Mastercard prepaid cards are accepted at over 28 million outlets in over 60 countries around the world wherever the Mastercard Acceptance Mark can be found including over 1.5 million ATMs.

Prepaid cards can be loaded with cash at Post Office and PayPoint or via BACS from employers or other bank accounts. As the card is prepaid, the customer has little risk of overspending, and there is no line of credit; meaning that meaning that such cards offer a extremely useful financial management tool.

Qualifying existing BREAD Maestro card holders will be able to apply to upgrade their cards free of charge and transfer their balances to their new cards via the website very easily. New applicants will be able to benefit from the price reduction to £7.50 to get a new card.

Paul Swinton, Managing Director of Payment Card Solutions, the owners of BREAD Card, commented: "Re-launching the very successful BREAD card on the extensive Mastercard network gives our customers access to millions more outlets than with the Maestro network providing them with much greater choice in using their cards at home or abroad."

Colin Greaves, Operations Director of Newcastle Building Society said: "Newcastle Building Society fully support the BREAD prepaid card in its newest guise. The team at BREAD have produced an excellent product that sets new standards in the rapidly evolving prepaid market."

The BREAD prepaid Mastercard® is operated jointly by Payment Card Solutions (UK) Ltd and Quantum Card Services Ltd. Mastercard is a registered trademark of Mastercard International Incorporated. Card issued by Newcastle Building Society (“NBS”) pursuant to licence by Mastercard International. NBS is authorised and regulated by the Financial Services Authority as an issuer of e-money (registration no. 156058). NBS subscribes to the Banking Code; copies of the Code are available upon request.