Prepaid Bank Cards; No Credit Check.

Exciting News For Every Business Person Looking to Help Employees and Customers That Do Not Have a Bank Account.

August, 2003 -- Every working day individuals and businesses are confronted with added expenses and lost work time due to the lack of the unbanked person having a major bankcard or checking account to make ordinary purchases.

Unbanked employees and customers living in a cash-n-carry world feel psychologically disadvantaged. They have no checking account and most likely have no credit cards. And truth be told, they are disadvantaged. They cannot make credit card type purchases, they have difficulty renting a car and making airline reservations. They must frequent check-cashing establishments where they often pay high fees and they are vulnerable by having to carry large sums of cash.

There is now the opportunity to offer your employees or retail customer a major brand debit bankcard.

The primary consideration in the use of the Payroll Card is that the recipient is "Unbankable." They lack conventional bank accounts and credit cards. As such, they are presently paying fees of 3% to 8% [average 5%] just to cash their paychecks.

A ten-dollar an hour employee is spending over $1,000.00 annually [$87.00 Monthly] just to cash their weekly paycheck. Add to this the expense of paying normal household bills [12 money orders per month] which adds another $15.00 to their monthly expenses and for those who send money overseas, an expense averaging $50.00 to $60.00 per transaction, and it is immediately apparent that the employer is actually saving the employee $1,500.00 to several thousand dollars annually by implementing the Direct Deposit Payroll Card program.

Our program can deliver funds electronically to employees, commonly referred to as the "unbanked," who do not have a transactional bank account. Payrolls may be loaded onto these cards, which are then used to access payroll funds through ATM withdrawals and debit-card purchases.

Customer Benefits

The employee or participant can avoid excessive check cashing costs, finding a place to cash their paycheck, wasted time waiting in line or lost checks.

Every card is issued by a FDIC insured bank
Card holder can withdraw cash at most ATM machines
No more worries about lost or stolen paychecks
No more worries about carrying cash

Our payroll card acts as a traditional bank debit card which can be used for auto rentals, make purchases at retail stores, shop online, pay bills by phone and more.

Debit card utilization is the fastest growing financial instrument worldwide. Last year debit card transactions exceeded credit card transactions in both the United States and Canada. The number of Direct Deposits increased by 11.6 % in 2001 from 3.3 Billion to 3.7 Billion payments. Direct Deposit is used for payroll, expense and travel reimbursement, pension and annuity payments, interest payments, retirement and mutual fund distributions, Social Security, veterans and other government benefits and tax refunds. The value of these direct deposits exceeded $4 Trillion with an average of $1,195.00 per transaction.