SelectCore Ltd., a prepaid telecom and financial services transaction processor for the under-banked consumer market, is pleased to announce that it has entered into a 5 year exclusive sales agreement for Iridium MasterCard with LTP Financial payday loans and cheque cashing stores.
There is no credit check, security deposit or bank account required to get an Iridium MasterCard. The card, which can be reloaded over and over again up to a $5,000 balance, is accepted at over 29.4 million locations worldwide and online. Cardholders have complete control of their funds with online account access, text message alerts, card to card money share, ATM access and more.
SelectCore’s proprietary point-of-sale platform and Verifone terminals deployed at retail locations allow the cards to be activated and reloaded in real-time.
“Iridium MasterCard is the perfect solution to provide financial empowerment to under-banked and credit-challenged Canadian’s who do not have access to traditional financial services.” said Keith McKenzie, CEO of SelectCore. “We are pleased to have LTP Financial join our growing footprint of Iridium retail partners that is now extending beyond convenience and grocery stores to a market of thousands of alternative financial services locations.”
“The Iridium MasterCard is a great new financial product for our customer base and we are pleased to have partnered with SelectCore to offer these cards in our growing chain of payday loan and check cashing stores” commented Carolyn Perry, Vice President of LTP Financial.