 In 2002, Provident Financial formed Vanquis Bank Limited, with a full banking licence from the FSA, a consumer credit licence with the Office of Fair Trading and a licence from Visa International to operate and issue credit cards under the Visa brand.Vanquis Bank Limited specialises in the pre-paid credit cards.In 2005, the company closed its Yes Car Credit business, which had sold second-hand vehicles to customers with problematic credit histories.