Conister Trust teams up with a leading prepaid service provider, Tuxedo Money Solutions

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Conister Trust teams up with a leading prepaid service provider, Tuxedo Money Solutions

Tuxedo Money Solutions and Conister Trust have formed a partnership to target prepaid opportunities on the Isle of Man. Conister will issue MasterCard® prepaid cards for Tuxedo focussing initially on opportunities developed with Isle of Man Corporate Service Providers . Tuxedo's market leading eccount® technology will be a key feature of the product offering.

The Isle of Man is a sophisticated financial centre and as such understands the flexibility and security owning a prepaid card provides. Linking Conister Trust, an Isle of Man institution, with Tuxedo Money Solutions, who have a wealth of experience in this market, will provide local businesses with a unique proposition to enhance both their financial performance and their customers' experience.

John Sharman (CEO Tuxedo Money Solutions) commented: "Forming a partnership with Conister Trust will allow us to supply prepaid products to select new markets and to customers we are currently unable to target effectively. We have a high demand for our eccount® and card services in these niche market sectors and we are pleased to announce that we can accommodate these requests going forward. Connister Bank will not compete with our Issuer on programmes in the UK."

Simon Hull (Conister Trust's MD) adds, ''the Bank continues to evolve its prepaid card business and this agreement with Tuxedo Money Solutions is another milestone in the development of our card business as together we will be able to provide the full suite of prepaid services to the island's finance centre.''

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Conister Bank Limited, Clarendon House, Victoria Street, Douglas, Isle of Man, IM1 2LN

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