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B4B Payments are pleased to announce the launch of the Bread4Scrap Prepaid Card solution to the Scrap Metals industry.
Law changes brought in by the Legal Aid, Sentencing and Punishment of Offenders Act 2012 mean that Scrap Metal dealers cannot pay cash for materials brought to them and must use an electronic means of payment or cheques to provide an audit trail of payments for scrapped metal.
Many dealers are put off by the high costs and insecurity of using cheques and want greater convenience for their customers to make use of their funds immediately.
The Bread4Scrap solution allows participating dealers to issue a new prepaid card and load it within seconds and give their customers an electronic means of payment, which they can use immediately at over 35 million locations where cards are accepted. Paul Swinton, CEO of B4B Payments said: “This is a very quick solution for the weigh bridge operators and cash offices and a highly convenient way for their customers to receive funds. We are confident that Bread4Scrap will be a huge success for our customers.”
© 2006 – 2024 Payment Card Solutions (UK) Limited trading as B4B Payments is 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.
