(4 February 2010 – Australia) In a first to be issued at an Australia University, ANZ and Sydney Uni have combined to create a Visa reloadable pre-paid card that also doubles as a student identification card.The card, which can be reloaded free of change at the Sydney Uni campus, can hold a maximum daily balance of A$1000 and provides students with a photo ID and access to Sydney University’s buildings.
The card, which can be used at retail and ATM locations across Australia, was trialled at the end of 2009 with 2000 students involved in the pilot.
John Harries, managing director retail products, ANZ, said that this kind of two-in-one card makes sense for university students as it gives them the convenience of the Visa network and allows them to stay in control of their own money as the card uses their own pre-loaded cash.