Charter One Financial announced the introduction of the Charter One Bank FlexCash MasterCard card, a prepaid card that can be used at more than 28 million MasterCard acceptance locations worldwide.
“The FlexCash MasterCard card offers exceptional convenience and value to Charter One customers and non-customers alike,” said Mark Grossi, Charter One’s executive vice president and chief retail officer. “The FlexCash MasterCard card is a terrific gift and ideal for customers traveling on business or vacation. It’s also a smart alternative for parents to help their college-age kids pay for books without the worry of losing cash.”
The FlexCash MasterCard card can be loaded with any dollar amount between $25 and $500 and is valid and usable until either all the purchased monetary value is used or at the expiration date of the card. The card is disposable and may not have any additional value added to it. The card issue fee of $5.95 will be waived through the end of the year as part of an introductory promotion. For more information, customers can visit Charter One’s web site at .
William Hernandez, senior vice president of Member Relations at MasterCard International said, “Prepaid MasterCard cards offer consumers a simple, secure and convenient payment option while supporting Charter One’s efforts to penetrate new cardholder segments, enhance current customer relationships, and strengthen card brand affinity.”
FlexCash is the latest innovative card offering from Charter One. It joins card loyalty programs MegaRewards and MegaRewards Business, in addition to the SmartBusiness OneCard, a delayed-debit card.
Charter One Financial (NYSE: CF) has approximately $39 billion in total assets, making it one of the 25 largest bank holding companies in the country. The Bank has 461 branch locations in Ohio, Michigan, New York, Illinois, Massachusetts, and Vermont operating under the Charter One Bank name. The Company’s diverse product set includes: consumer banking, indirect auto finance, commercial leasing, business lending, commercial real estate lending, mortgage banking, and retail investment products. For additional information, including press releases and investor presentations, investors are directed to Charter One’s web site: .
About MasterCard International
MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard(R), Cirrus(R) and Maestro(R). More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. With approximately 25,000 MasterCard, Cirrus and Maestro members worldwide, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award-winning Priceless(R) advertising campaign is now seen in 90 countries and in 45 languages, giving the MasterCard brand a truly global reach and scope. With more than 28 million acceptance locations, no payment card is more widely accepted globally than MasterCard. For the six months ended June 30, 2002, gross dollar volume exceeded US$534 billion. MasterCard can be reached through its website at .