sQuid in the news

"Dundee launches smart money with sQuid"
2nd September 2008 - Dundee

sQuidcard Limited, the electronic money (eMoney) operator today announces it is to launch its sQuid eMoney service in Dundee, in partnership with the Scottish National Entitlement Card (NEC) and Dundee City Council.

sQuid customers load a contactless card with money and then use the card to purchase items in retail stores. The transaction is very fast, with the customer able to see the card balance before and after each transaction. The card is then topped up again for re-use.

Dundee City Council is a participant in the NEC programme and 38,000 cards are already in issue in Dundee, with many more now expected. A further 140,000 cards have been issued in the wider Tayside and Fife area and it is intended that these cards will also be able to benefit from this initiative when used in the city. sQuid will be available through the NEC as well as independently through retailers.

Sid Bulloch, Manager of the NEC programme commented that “under the NEC programme 1.4m cards have been issued to Scottish citizens. With our agreement with sQuid we have added a new dimension to our service, and we can expect to see more cards in the future. The addition of a simple, effective eMoney purse is really useful to citizens, young and old, enabling them to pay quickly and conveniently for small items”.

Dundee is the second UK launch zone for sQuid, after Bolton. Adam Smith, Managing Director of sQuid stated: “Our unique eMoney service delivers real value for retailers, with very low costs, much lower than credit and debit cards for sub £10 transactions. For the Consumer, sQuid is available to anyone, and does not require a bank account. It complements the philosophy of the Entitlement Card being open to all, and we are delighted to be launching sQuid in Scotland with NEC and Dundee City Council”.

The Council will be an active participant in the scheme, which will see sQuid eMoney being used for all sorts of small value purchases, including newspapers, food and taxis. It underlines the Council’s commitment to delivering valued services for Dundee citizens and businesses. Councillor Kevin Keenan, the leader of Dundee Council said: “Dundee is embracing new technologies, and we see smartcards and electronic money as a positive service for all. We are delighted to be working with sQuid to help make this a reality”.

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