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Nomads Processing Solution Enables Successful Launch of Prepaid Maestro Card |
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Market-leading technology and extensive prepaid market experience from Nomad, is behind the successful launch of the Tuxedo Blue Diamond prepaid Maestro card from Tuxedo Money Solutions (TMS).
Initially targeted at key ethnic communities, the Tuxedo Blue Diamond is the first ever all-in-one card package to be sold over the counter in local retail stores throughout the UK, and can be used to withdraw cash, make payments, shop in stores and make purchases securely online. Nomad not only provided the processing platform to perform the transactions securely and efficiently, but also used its market knowledge to facilitate an introduction to the Newcastle Building Society to meet the requirement for an e-money licence.
A major benefit was that Nomad’s CORTEX processing platform integrated easily with TMS’ Core Application Platform (CAP), which manages the customers’ products and pricing. This flexibility simplified the solution and was a key factor in bringing the project to market on schedule.
“Perhaps the biggest differentiator” says Colin Loubser, Chief Operating Officer, TMS “between Nomad and the other processing companies that we spoke with, was that Nomad is very flexible. We found the other processors were very prescriptive in what they would provide for us, which didn’t suit our needs.”
As a MasterCard approved processor Nomad has great experience of meeting the diversity of requirements that a prepaid project entails. During the pilot process TMS wanted to update its proposition and change some functionality and Nomad, thanks in great part to the strength of its CORTEX platform and delivery team, was able to accommodate the changes within the demanding timescale.
As well as the Blue Diamond Card TMS is also working strategically with Nomad on other prepaid projects and would be delighted to recommend the company to others. The Nomad solution suits both ends of the spectrum, Colin Loubser believes, be it a basic product or a more complex one with bespoke requirements needing multiple interfaces to other applications. |
