MasterCard Canada, DC Bank, and H&R Block partner on innovative offering
TORONTO, Feb. 6, 2013 /CNW/ - Canadians who want their tax refund
quickly but don't want to pay cheque-cashing fees and take unnecessary
risks with carrying cash, now have a better way to get their tax refund
quickly and securely. MasterCard Canada has partnered with H&R Block,
Canada's largest tax preparer and DC Bank, a leading provider of
prepaid cards, to offer the H&R Block Advantage Prepaid MasterCard.
Some of the benefits of the new offering include:
Get the card for FREE - no credit check, no activation fees, no bank
Shop online or over the phone
Relax knowing your prepaid H&R Block MasterCard is secure
Save on cheque cashing fees
Reload the card with your refund next year
Always know your balance with the H&R Block FREE mobile update service
"You don't often hear people talking about convenience, flexibility and
freedom at tax time," said Richard McLaughlin, Senior Vice President of
Global Products and Solutions, MasterCard Canada. "But that's what we
have been able to create with our partners H&R Block and DC Bank."
H&R Block customers can use the new card to do many things they can't
with cash or a cheque. Having their Instant Cash Back tax refund loaded
onto an H&R Block Advantage Prepaid MasterCard provides the convenience
of instant access to their refund with no costs or hassles.
"Moving to a prepaid MasterCard as a new way to receive your refund
instantly offers our customers unique advantages we were unable to
provide with just a cheque. The text messaging service that tells you
your balance each time you use the card and the ability to shop online
are just a few key benefits of MasterCard we're excited to share with
our customers as we kick off our 2013 tax season," said Richard Brown,
President, H&R Block Canada.
The H&R Block Advantage Prepaid MasterCard® is free with H&R Block's
Instant Cash Back service, and requires no credit check or bank
history. It enables H&R Block customers to use ATMs or shop in stores,
online or over the phone - wherever in the world that MasterCard is
accepted -- and to know they have the full security of a MasterCard
product. Using the card means there are no cheque-cashing fees and no
cash-handling worries. And users can simply load next year's tax
Instant Cash Back refund onto the same card.
"This month Canada officially stopped using the penny because it's
expensive and inconvenient," said Richard McLaughlin. "The H&R Block
Advantage Prepaid MasterCard® is another great example of payment
innovations that make sense because they are faster, more convenient,
more secure and less costly. It's another step to a world beyond cash."
"We're delighted to join forces with H&R Block and MasterCard to offer
the H&R Block Advantage Prepaid MasterCard, reaching new customers and
diversifying our services," said Susan Gallacher, President, DC Bank.
About H&R Block Canada
H&R Block Canada has been preparing taxes for more than 45 years and is
Canada's leading tax preparation firm. Headquartered in Calgary,
Alberta, the company serves Canadian taxpayers in more than 1,100
offices across the country. H&R Block Canada Inc. is a subsidiary of
H&R Block, Inc., a diversified company with subsidiaries providing a
wide range of financial products and services. Additional information
about H&R Block Canada is available at 1-800-HRBLOCK or www.hrblock.ca.
About MasterCard Worldwide
MasterCard NYSE: MA, www.mastercard.com, is a technology company in the global payments industry. We operate the
world's fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in more
than 210 countries and territories. MasterCard's products and solutions
make everyday commerce activities - such as shopping, traveling,
running a business and managing finances - easier, more secure and more
efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.
SOURCE: MasterCard Canada
For further information:
VP, Corporate Communications & Philanthropy