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"There's nothing too fishy about sQuid cash cards"
August 4 2006 — Off Licence News

A new cash replacement card for low-value sales is being launched as a cheaper alternative to credit and debit card transactions.

sQuid card uses touch and go technology similar to Oyster cards and is aimed at retailers that handle high volumes of cash sales below £10.

Adam smith, sQuid's chief executive, said: "Off-licences are the perfect market place for it, anyone with a high percentage of cash transactions can benefit."

"The cost of credit and debit card services can get high for small transactions, this is lower in cost and tackles the issue of handling purchases quickly."

sQuid cards will be rolled out across London and major cities early next year, and then to other cities across the UK. sQuid is in talks with major retailers.

 

 

 


 

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