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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.

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