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Notice of New Terms & Conditions

This message confirms a change affecting both B4B and Bread4Scrap clients and cardholders Terms and Conditions.

Terms and conditions B4B PAYMENTS

This change affects both B4B and Bread4Scrap clients and cardholders. The following communication was sent on 15th September 2020.

Dear Client/Cardholder,

This is a notice to advise that your current terms and conditions showing Wirecard Card Solutions Ltd (WDCS) as the issuer of E-money will be replaced by the attached new set of terms within the next 60 days.

This change has come about because WDCS has determined that it is going to bring about an orderly wind down of its business. All cardholders and e-money accounts will be transferred to B4B Payments to allow operations to continue as normal.

B4B Payments as the trading name of Payment Card Solutions (UK) Ltd and is authorised by the Financial Conduct Authority as an Electronic Money Institution (register number 930619) and is a Principal Member of Mastercard International Inc.

B4B Payments has been operating your cards and card program since its inception as a program manager of WDCS and to date has carried out all operational activities in respect of the program, so this change should have little to no effect on day to day operations.

The only significant difference is that B4B Payments will be additionally responsible for the safeguarding of cardholder funds whereas WDCS performed this function previously. Like WDCS, B4B Payments uses the segregation method to ensure all client funds are held in credit institutions in the EU. The safeguarding policy is available upon request.

It should be noted that if you do not wish to continue the use of your card or the e-money services currently being provided by B4B Payments under the new terms then B4B Payments will allow you to redeem your e-money and waive the normal redemption fee. 

It should be further noted that for operational reasons the balances of cards maybe transferred to B4B Payments within the next 60 days, but this does not affect your rights under the current terms.

If you no longer wish to continue under these new terms, then please contact your account manager or customer services to arrange the redemption of your e-money.

As always, we appreciate you choosing B4B as your prepaid payments partner.

Regards,
Paul Swinton, CEO B4B Payments & Bread4Scrap

View the new Terms and Conditions


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© 2006 – 2024 Payment Card Solutions (UK) Limited trading as B4B Payments is a financial technology company authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 930619). UAB B4B Payments Europe is authorised by the Bank of Lithuania as an Electronic Money Institution (Licence No: 76) under the Law on Electronic Money and Electronic Money Institutions 2011.

In Europe, Cards are issued by B4B Payments pursuant to license by Mastercard International Inc. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

In the USA, the B4B Payments Visa® prepaid card is issued by Metropolitan Commercial Bank Member FDIC, pursuant to a license from Visa U.S.A. Inc. 40 Washington Street Suite 150 Wellesley, MA. 02481.

All communications should be sent to: Europe – PO Box 76256, London, SW1P 9NU. USA – B4B Payments, 40 Washington Street Suite 150 Wellesley, MA. 02481.

B4B wants to ensure our customers know that their security is of the utmost importance. As such, we will never ask you to tell us your passwords, card PINs or One-Time Passcodes (OTPs).

At B4B Payments, we have taken all necessary steps to secure customer data and protect their privacy. Our systems have been designed with numerous layers of encryption and stringent firewalls. We use a combination of biometrics, two-factor authentication and other methods when customers access our services online or via our app.