Credit Cards

Tips, news, reviews, caveats, trends, updates and analysis related to consumer and business credit cards, and prepaid debit cards. From the interest rate specialists @ FedPrimeRate.com

Wednesday, April 19, 2006

A Prepaid Credit Card with Rewards?

Prepaid Debit Card
Prepaid Debit Card
The prepaid debit card market continues to heat up, and that means companies are going to be coming out with new prepaid debit / credit cards with added features, in an effort to separate their product from the rest of the pack.

Looks like the folks @ PTS Card Solutions will be releasing a new prepaid debit MasterCard® with rewards. All I can report right now is that the new card will be called the "FastMax Rewards" prepaid debit MasterCard, and it should be released sometime before July of this year. Further details about the FastMax Rewards card can be found below in the snippet from today's press release:

"PTS Card Solutions Inc. (Pink Sheets: PTCD) announced today that Global Links Card Services Inc. ('GLCS'), a wholly owned subsidiary of PTS Card Solutions, has received approval from MetaBank, Sioux Falls, S.D., and MasterCard for issuing its private branded ("FastMax Rewards") prepaid MasterCard®. The card will be available in the second quarter 2006 through GLCS agents and co-branded marketing partners. Debit MasterCard cardholders can use their cards at more than 23 million acceptance locations in 210 countries around the world, including more than 1 million ATMs and other locations where cash can be obtained. 'MasterCard offers our co-branded partners and agents flexibility in reaching their customer base and we look forward to increased activations in 2006,' said James Brewer, CEO, Global Links Card Services Inc. As principal member of MasterCard, Meta Payment Systems, Sioux Falls, S.D., issues the FastMax Rewards Debit MasterCard on behalf of GLCS.

About PTS Card Solutions Inc.

PTS Card Solutions Inc. is a partly owned, controlled subsidiary of PTS Inc. (OTCBB: PTSH). PTS Inc. recently assigned all of its interests in Global Links Card Services to its newly acquired subsidiary, PTS Card Solutions Inc. Global Links Card Services Inc. markets its FastMax Prepaid Debit Card through various agents and distributors.

Please visit the company's Web site: http://www.glcsi.com/."


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