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Tuxedo Money Plus Ltd., a prepaid card provider in the United Kingdom, has begun offering customers a service that enables them to send funds to other Tuxedo cardholders, a company spokesperson tells CardLine Global. Customers can send up to 150 UK pounds (US$218 or 169 euros) via online transfers or through a Tuxedo call center. Consumers pay 1 pound per transaction, though the company is waiving the fee for the rest of April. The prepaid company says this marks the first person-to-person payment service for prepaid cards in the UK, but CardLine Global could not immediately confirm that. The service is "ideal [for] sending money to a friend [or] family member in the UK or abroad, buying goods from online auction sites and for emergency money," the spokesperson says. Tuxedo's MasterCard-branded cards are issued through Newcastle Building Society. Earlier this year, the company launched its first prepaid corporate card (CardLine Global, 18 Feb.). The funds-transfer service launch comes amid deepening economic woes that are driving more consumers to prepaid cards, the spokesperson says.
