New Market Leading Prepaid Euro Mastercard(R) Launched by Currencies Direct

By Currencies Direct, PRNE
Monday, April 12, 2010

LONDON, April 13, 2010 - Taking your euros abroad has been made easier and more secure
with the release of the new prepaid Euro MasterCard from Currencies Direct.

The new card, aimed at tourists, expats and business
travellers, has distinct advantages over existing cards on the market, it is:

    - Free to obtain
    - Free to load, with no maintenance fees
    - Secured with Chip and PIN technology

And as you would expect from Currencies Direct, the card
offers competitive exchange rates.

The card, developed by Currencies Direct and payment processor
CorporatePay, is issued by Newcastle Building Society and accepted in
millions of hotels, restaurants, ATMs, bars and shops throughout the Eurozone
where the MasterCard acceptance mark is displayed.

Ignacio Hernandez, managing director of Currencies Direct,
said: "With no fees and a great exchange rate, our new Currency Card is one
of the most competitive in the market. It not only provides great value for
money but makes an important contribution to our core customer pledge - to
provide money without frontiers."

Alex Tejada, head of business solutions, who recently joined
Currencies Direct to drive the company's product and e-commerce development,
added: "Prepaid cards offer obvious advantages above carrying and using your
travel money.

"Besides improved exchange rates, customers will have full
control over their travel money, being able to use the cards wherever
MasterCard cards are accepted, without the hassle and risk of carrying cash
when they travel."

Myles Stephenson, CEO of CorporatePay added: "We are delighted
to help Currencies Direct launch its new Currency Card in partnership with
the leading prepaid issuer in Europe, Newcastle Building Society. It will
provide a valuable new level of convenience for Currencies Direct customers
travelling abroad."

Once customers are back in the UK they can watch the euro
exchange rate and top their card up for their next trip away when they can
best maximise their money.

The Currencies Direct MasterCard will be available to any
Currencies Direct customer over the age of 18.

SMS and phone loading features will be available later this year.

For further information visit www.currenciesdirect.com

MasterCard is a registered trademark of MasterCard International. The
Currencies Direct prepaid MasterCard is issued by Newcastle Building Society
("NBS") pursuant to licence by MasterCard International. NBS is authorised &
regulated by the Financial Services Authority as an issuer of e-money
(registration no. 156058).

Media Contact: Viv Jemmett, +44(0)20-7861-2443 / +44(0)7929-565-349, vjemmett at bell-pottinger.co.uk; Stuart Disbrey, +44(0)20-7861-2495 / +44(0)7789-500-465, sdisbrey at bell-pottinger.co.uk

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