Cardplatforms Launches CrewCash™Card

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Electronic Payroll and Benefits now delivered to seafarers via MasterCard

We are excited about the interest and possibilities of bringing Crew Cash to many companies throughout the LAC, Asia, Europe, and the Middle East.

CrewCash™Card, a revolutionary payroll and benefits program, officially launched today. Crewmen employed by participating shipping and trading companies will receive payroll via direct deposits on a custom-branded MasterCard prepaid debit card. This card will offer crewmen life-changing enhancements in terms of managing money.

“MasterCard is constantly looking for new products and solutions that satisfy the specific needs and bring added value to our consumers. This time, we are so glad to work with Cardplatforms in order to benefit crewmen, as well as the companies that will offer this innovative payment program, CrewCash MasterCard card,” said Ignacio Plata, Country Manager of MasterCard for Panama, El Salvador and Nicaragua.

CrewCashCard eliminates challenges for both ship owners and crewmen. Immediate benefits are achieved from bypassing the traditional practice of cash payroll distribution at ports of call. Benefits for crewmen include increased safety and funds security, immediate availability of funds, electronic bill payments, money transfer services and access to cardholder services.

The first companies to offer this innovative payment program are Akron Trade &Transport s.a., Lotus Shipping Ltd., Leon Shipping & Trading s.a., Kyla Shipping Enterprises Corp., Entrust Shipping Ltd. and Tsakos Shipping & Trading s.a., the world’s largest manager and operator of tanker, container and dry cargo vessels.

Captain Georges Kassotou, President and co-owner of Akron Trade & Transport s.a., stated, “I am excited to be able to offer CrewCashCard to Akron’s crew members. They and their families will benefit, translating to better retention and productivity for our organization.”

The CrewCashCard comes with the added protection benefit provided by ATMSafe™ insurance. Cardholders are protected against loss and injury due to a robbery while using his or her CrewCashCard at any ATM, from a mobile device or at any point-of-sale, worldwide.

The CrewCashCard is a product offering of Cardplatforms LLC, a Florida-based technology and financial services company with offices in Panamá and the Philippines. “Our customers are acknowledged leaders in the shipping world. We are thrilled to be launching the CrewCashCard to such a distinguished group of companies,” stated Yves Yon, Managing Partner of Cardplatforms Latin America s.a. and Director for the program. “These companies are showing that crew welfare is important. Owners recognize the cost of losing trained seamen. Crewmembers will be more efficient with less time spent managing the logistics of their money. Over 100,000 seafarers are currently committed to the CrewCashCard, with a potential 1.5 Million crewmen who could come aboard!”

Cardplatforms CEO Jeff Foster said, “We are excited about the interest and possibilities of bringing Crew Cash to many companies throughout the LAC, Asia, Europe, and the Middle East.”

About Cardplatforms

Cardplatforms provides design, launch, marketing, and retention support tools to the prepaid financial industry. Cardplatforms manages the issuance of MasterCard® and Visa® prepaid cards globally, and provides support to prepaid card programs whether operated by Cardplatforms or other program managers. Cardplatforms delivers services for expanding and enhancing the cardholder experience through CARDPOINT™, a proprietary issuing, services, and retention platform featuring mobile, customer service, marketing and media expertise in a one-stop setting. Visit http://www.cardplatforms.com for more information.

About MasterCard

MasterCard, http://www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

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Jannise Rios
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