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Announcement concerning Medius Prepaid MasterCard

This news is older than 3 years. Therefore it is possible that the information is no longer valid.

In recent months, dozens of consumers have called the AFM because they received a letter from a German law firm. This letter states that they wish to collect a claim in the amount of € 121.80 on behalf of Transact Network Ltd. The reason is that the consumer allegedly uses a Medius Card prepaid credit card. In most cases, the consumer never applied for a prepaid credit card, however.

The AFM advises consumers not to pay if no prepaid credit card has been activated or if no agreement has been concluded between yourself and Medius Card and/or Transact Network Ltd. The AFM has no indications that Transact Network Ltd. is involved in the activities of Medius Card.

There are discussions concerning this subject on various forums on the internet. Visit for example the website of the Fraud Help Desk: www.fraudehelpdesk.nl/nieuwsbericht/Ongevraagd_Medius_MasterCard

You can contact the AFM's Financial Markets Information Line if you require further information at: 0900-5400 540 (5 eurocents per minute).

The AFM promotes fairness and transparency within financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers and supervises the honest and efficient operation of the capital markets. Our aim is to improve consumers’ and the business sector’s confidence in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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