SelectCore has signed a 3 year prepaid card agreement with nCrypt Financial Corp, the firm behind international money transfer platform nTrust.
SelectCore will issue physical and virtual prepaid "Cloud Money Cards", allowing users of the platform to instantly access their money.
"This agreement demonstrates our ability to support new verticals for prepaid cards, such as global remittance," said Keith McKenzie, president of SelectCore.
The card works like a credit card with the added function of controlled spending by limiting expenditures to the amount loaded on the card.
With no activation, monthly or annual fees and no minimum balance requirements, the Cloud Money Card offers flexibility, putting members in control of their money, says SelectCore.
nTrust members can manage their money online through their personal nTrust Cloud and using the physical Cloud Money Card to make cash withdrawals from 1.7m ATMs worldwide.
"We’re extremely pleased to partner with SelectCore for our nTrust Cloud Money Card to allow our members to seamlessly take their on-line funds off-line," said Rod Hsu, chief experience officer at nTrust.
"Not only does our Cloud Money card provide an efficient way to unload funds from the nTrust Cloud, it offers autonomy from traditional banking."