Binary Financial, formerly Parasol, and Altair Financial Services International Plc (Altair), leading providers of prepaid cards in the global market, have joined forces to capitalise on the huge predicted growth in prepaid cards. They will offer new products to their clients, resulting in better, more effective solutions for the consumer. The new prepaid cards will deliver extra benefits to the customer including competitive foreign exchange rates.
“The collaboration between Binary and Altair will be mutually beneficial,” explains Richard Matthews, managing director of Binary Financial. “Binary’s foreign exchange trading platform will allow Altair to offer foreign exchange to their card programs. By being closer to the market, Altair will be able to offer its clients and in turn their customers a much better rate and a more efficient service.
Binary Financial is made up of five divisions: Binary SIPPS, Binary Foreign Exchange, Binary Cards, Binary IFA and Binary Fund Management and has recently launched with the view to shake up the Financial Services industry, with many revolutionary products being introduced throughout 2007.
Altair, which is headquartered in London, has banking and processing affiliates in UK, USA, Asia Pacific and throughout the Latin America and Caribbean regions and issues Prepaid Cards on behalf of MasterCard® and Visa. Altair’s solutions are designed to be flexible enough to offer companies a bespoke solution with almost any type of prepaid card functionality, including open and closed loop programs.
The global card market is believed to be at the cusp of a large growth phase of which prepaid will be an integral part. This increment will also be witnessed by the UK, where the partnership between Altair and Binary will enable them to become major players “We are extremely pleased to be working with Altair, reports Richard Matthews. “They operate at the cutting edge of technology and developments utilising both mobile phone and the internet, which reinforce the value of us working together.”
Lee Briton, CEO of Altair comments, “Binary is an exciting and dynamic company and Altair empathises with its approach to getting bespoke products quickly and efficiently to market. Using Binary as a foreign exchange trading platform brings shared values that will benefit their clients and ours.”
About Binary Financial
Binary Financial, an FSA regulated company, acts as the umbrella brand for a wider group of financial divisions: Binary Sipps, Binary Foreign Exchange, Binary Cards, Binary IFAs and Binary Fund Management. Binary Financial is different because it is small enough to provide a flexible and nimble service. It prides itself on servicing areas that mainstream financial areas seem to be ignoring.
Pension and Sipp advice – Binary Sipps can help individuals regardless of whether they are just starting to save or are looking at more sophisticated advice as they get older.
Binary Foreign Exchange:
Binary Foreign Exchange advises everyone, be it an individual buying a holiday home or a business importing wine, and promises to get its customers the best price available.
Pre paid cards save money on the rate of foreign exchange and reduce the frequency of conversion payments to one transaction. These cards have many uses including helping crack down on fraud and incidents of lost and stolen cash when traveling. The prepaid cards also work as a budgeting facility for under 18s etc.
Binary Independent Financial Advisors can help customers to arrange both unsecured loans and secured loans. Binary’s financial service consultants can help to identify the features that are important to its customers, and direct them towards the best product. The consultants also offer up to date and refreshing advice on Life Insurance and Income Protection products and services.
Binary Fund Management:
Binary Independent Financial advisors offer high income bonds, offering fantastic returns so that its customer’s money is always working for them, whether it is invested or not.
About Altair Financial Services International Plc
Altair Financial Services International Plc, was incorporated in 2005 as a global provider of Prepaid Card solutions with enhanced functionality. The company is headquartered in London with banking and processing affiliates in UK, USA, Asia Pacific and throughout the Latin America and Caribbean regions and issues on behalf of MasterCard® and Visa. Altair’s solutions are designed to be flexible enough to provide companies with almost any type of prepaid card functionality, including open and closed loop programs. Through its relationship with MasterCard® all Altair cards issued in Europe are based on Chip & PIN technology and are EMV standards compliant.