Home Contact Us Sales Enquiry Modern Slavery Statement Modern Slavery Statement This statement is made pursuant to s.54 of the Modern Slavery Act 2015 and sets out the steps that Prepaid Financial Services Limited (PFS) has taken and is continuing to take to ensure that modern slavery or human trafficking is not taking place within our business or supply chain. Modern slavery encompasses slavery, servitude, human trafficking and forced labour. Prepaid Financial Services Limited has a zero-tolerance approach to any form of modern slavery. We are committed to acting ethically and with integrity and transparency in all business dealings and to putting effective systems and controls in place to safeguard against any form of modern slavery taking place within the business or our supply chain. Our Business Prepaid Financial Services (PFS) is an e-money payments institution with operations in the UK, Ireland and Malta. We provide market services in the payments industry to our partners including national governments, mobile network operators, banks and blue-chip organisations across Europe. Our service line includes own label and white label e-money solutions, including e-wallets, prepaid cards, and current accounts. Our High-Risk Areas We assessed our business to identify high risk areas, and given the location of our offices, the implementation of our recruitment practices and current roles within the business, along with our policies and practices, we would rate the risk of modern slavery within PFS to be low. Nevertheless, we understand the importance of combatting slavery and human trafficking, and fully acknowledge our duty to take steps to prevent the issue. Our Policies We operate a number of internal policies to ensure that we are conducting business in an ethical and transparent manner. These include: Anti-slavery policy. This policy sets out the organisation’s stance on modern slavery and explains how employees can identify any instances of this and where they can go for help. Recruitment policy. We operate a robust recruitment policy, including conducting eligibility to work in the UK/Ireland checks for all employees to safeguard against human trafficking or individuals being forced to work against their will. Whistleblowing policy. We operate a whistleblowing policy so that all employees know that they can raise concerns about how colleagues are being treated, or practices within our business or supply chain, without fear of reprisals. Code of Conduct & Ethic. This code explains the manner in which we behave as an organisation and how we expect our employees and suppliers to act. Our Suppliers Prepaid Financial Services operates a supplier policy and maintains a preferred supplier list. We conduct due diligence on all suppliers before allowing them to become a preferred supplier. This due diligence includes an online search to ensure that particular organisation has never been convicted of offences relating to modern slavery and on-site audits may be carried out which will include a review of working conditions. Our anti-slavery policy forms part of our contract with all suppliers and they are required to confirm that no part of their business operations contradicts this policy. In addition to the above, as part of our contract with suppliers, we require that they confirm to us that: They have taken steps to eradicate modern slavery within their business They hold their own suppliers to account over modern slavery (For UK based suppliers) They pay their employees at least the national minimum wage / national living wage (as appropriate) (For international suppliers) They pay their employees any prevailing minimum wage applicable within their country of operations We may terminate the contract at any time should any instances of modern slavery come to light Training We regularly conduct training for our procurement/buying teams so that they understand the signs of modern slavery and what to do if they suspect that it is taking place within our supply chain. Our Performance Indicators We will know the effectiveness of the steps that we are taking to ensure that slavery and/or human trafficking is not taking place within our business or supply chain if: No reports are received from employees, the public, or law enforcement agencies to indicate that modern slavery practices have been identified. Approval for this statement This Statement was approved by the Board of Directors on the 3rd October 2017 This statement was last reviewed on 10th April 2019 CONTACT US EU-Info@emlpayments.com   SERVICES Careers Complaints Charter Contact Us Exchange Rates Frequently Asked Questions INFORMATION Cookies Policy Manage Cookies Competition Law Modern Slavery Privacy Policies Security Centre Strong Customer Authentication Site Map Terms and Conditions DEVELOPER Open Banking The PFS Prepaid Mastercard is issued by Prepaid Financial Services Limited pursuant to a license from Mastercard International Incorporated. Prepaid Financial Services Limited is regulated and authorised by the Financial Conduct Authority, as an Electronic Money Institution, registration number 900036. Registered Office: Fifth Floor, Langham House, 12 Little Portland Street, Marylebone, London, W1W 8BJ. Company Registration number: 06337638. The PCSIL Prepaid Mastercard is issued by PFS Card Services (Ireland) Limited pursuant to a license from Mastercard International Incorporated. PFS Card Services (Ireland) Limited, trading as PCSIL, is authorised and regulated as an issuer of electronic money by the Central Bank of Ireland under registration number C175999. Registered office: Front Office, Scurlockstown Business Park, Trim, Co. Meath, C15 K2R9. Company Registration Number: 590062 Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated. VISA is a registered trademark of VISA International. © Copyright 2021 EML Payments Europe Limited. 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