Thames Technology prints and personalises cards for world’s first card-based stimulus scheme
Thames Technology is delighted to have produced 105,000 payment cards for Prepaid Financial Services Ltd (PFS), a company of EML and agile FinTech and payment provider, who partnered with the Government of Jersey to deliver a unique spend-local prepaid Mastercard initiative.
The scheme forms part of the government's overall £150 million fiscal stimulus package to help lessen the economic impact caused by the current COVID-19 pandemic.
All eligible citizens in Jersey will receive their own £100 Spend Local Card which they can use in businesses across the island until the end of October 2020 to provide a positive way for islanders to support local businesses. After that time, cardholders are being asked to retain their prepaid card in the event of another stimulus package announced by the Government in future.
Amit Sharma, Head of Project Delivery & Logistics at PFS (a company of EML) commented:
“First and foremost, the Government of Jersey needs to be commended for their foresight, leadership and progressive approach in supporting businesses and individuals in Jersey through these challenging times with this stimulus package; the success of the scheme should serve as a repeatable model for governments around the world to drive an injection of funds into the local economy.
“We are delighted to have partnered with Thames Technology in delivering this programme in record time with Thames pulling out all the stops to ensure that we were able to deliver on time; their support on weekdays and weekends driving up to the launch has been world-class. Personally, this has been an incredibly rewarding project to have worked on with Jennifer Breen, the Lead Project Manager at PFS and to have the opportunity to support an initiative making a tangible difference to Jersey’s economy and people’s livelihoods.''
Che Colford, General Manager at Thames Technology, said:
“We were proud to be selected by PFS to support this important Government project, which involved us manufacturing and personalising over 100,000 base cards at our end-to-end facility in Essex, UK, in less than 4 weeks. We recognised the importance of this world-first initiative to Jersey’s local economy immediately. PFS and Mastercard’s commitment to ensuring the Spend Local card programme’s success was evident from the start, so it was an honour to play our part.”
