The Tuxedo MasterCard® Prepaid Card
You could Simplify company expenses and petty cash.
The Tuxedo Card can be used to pay work-related bills, make travel or other reservations and to withdraw cash from ATMs. The card is pre-loaded by the employer from which the employee is free to spend.
The Tuxedo Card is secure* and can be used wherever the MasterCard Acceptance Mark is displayed - that’s over 32 million locations worldwide, including over 1.5 million ATMs.
*The Prepaid Card is an electronic money product and although it is a product regulated by the Financial Services Authority, it is not covered by the Financial Services Compensation Scheme. No other compensation scheme exists to cover losses claimed in connection with the Prepaid Card. This means that in the event that Newcastle Building Society becomes insolvent your funds may become valueless and unusable and as a result you may lose your money.