September 03, 2014 06:00 ET

nTrust Launches Reloadable Cards to Extend Use of Digital Cash

nTrust Cloud Money™ Prepaid MasterCard® Gives Members Greater Access to Move and Use Their Money Online and In-Store

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 3, 2014) - As part of their continued effort to upgrade the way consumers access, move, and use money, nTrust today announced the launch of their Cloud Money™ Card in Canada. Available in both a physical (Cloud Money™ Card Classic) or virtual (Cloud Money™ Card Lite) format, the Cloud Money™ Card is a reloadable prepaid MasterCard® that gives members the freedom to spend at over 32 million MasterCard acceptance locations worldwide. Additionally, the physical card can be used to withdraw cash from over one million ATMs across more than 200 countries.

"Our Cloud Money Card provides our members with better access to their funds," says Alan Husejnagic, COO of nTrust. "Additionally, the prepaid nature of the cards adds an element of control for members looking to manage their finances or control their spending."

After requesting a Cloud Money™ Card Classic or Lite, members can load funds from their Cloud to the card at a rate of 1.9% to use in person or online anywhere that displays the MasterCard Acceptance Mark. Members may unload money back into their Cloud account for free at anytime. With no monthly or annual fees and no minimum balance requirements, the Cloud Money™ Card offers consumers flexibility and control.

Available free of charge the Cloud Money™ Card Lite is delivered instantly to the member's Cloud via a unique 16-digit card number, expiry date and 3-digit security number, enabling secure online transactions without having to reveal personal or financial information. Additionally, the virtual card can be instantly destroyed at anytime, adding an extra layer of security and privacy.

The Cloud Money™ Card Classic is available for a one-time fee of $4.99. For more information on the nTrust Cloud Money™ Prepaid MasterCard®, visit https://www.nTrust.com/cards.

About nTrust

nTrust is a Vancouver-based technology company that developed the global platform Cloud Money™, a regulated and trusted digital cash system that allows members to spend, send and use their money as simply as sending a text. Once a member's Cloud is loaded, funds can be instantly exchanged to six currencies, used to pay bills or merchants, loaded to an nTrust Cloud Money™ Prepaid MasterCard® or conveniently sent to other members around the world. With 25% of all Cloud Money merchant transaction fees donated to local partner charities, Cloud Money also supports the local community. nTrust's proprietary technology uses the highest encryption standards and has Level One PCI-DSS rating and regulation by FINTRAC, Canada's financial intelligence unit.

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