"Tens of millions of unbanked and underbanked Americans do not have a reliable way to receive direct-deposit COVID-19 relief payments," says, Ronald Ingram, Founder of Henderson, Nevada based, ECHO Payment Systems Inc.
HENDERSON, Nev. (PRWEB) April 24, 2020
Amid media reports of mounting confusion and frustration with the rollout of coronavirus relief checks, a Henderson, Nevada company advocates they have a solution and today rewarded their customers with bonus payments.
"The Federal Reserve and other authorities report tens of millions of unbanked Americans. These Americans do not have a reliable way to receive direct-deposit COVID-19 relief payments", says Founder of Henderson, Nevada-based, Echo Payment Systems Inc. (EchoPay), Ronald Ingram.
“We all have friends and neighbors who have lost jobs, are overdue on rent or mortgage payments, and even are struggling to buy food for their family in many instances. They’re checking the mailboxes for a check. This need not be – we have a solution”, describes Ingram.
Today EchoPay announced that all EchoPay customers that had Direct Deposit as of today’s date will see a gift of $50 deposited to their accounts.
“We value our customers and are always looking for ways to help. Our team decided that the best way we can help our customers during this economic hardship was to give them a gift with no strings attached – something to help them fill the tank, buy a meal, or help pay a bill. These are unprecedented times and we decided to respond in an unprecedented manner”, says Ingram.
While an estimated 80,000,000 Americans who are already set up for government direct-deposit have received their stimulus payments, media outlets report tens of millions of Americans have been left waiting for checks to arrive in the mail. Having immediate access to funds during this challenging time is important for everyone, but especially for those who do not have proper access to basic banking. The unbanked and underbanked as reported frequently in Federal Reserve and FDIC reports are particularly hard hit.
The EchoPay debit card and mobile app enable digital receipt of stimulus checks by direct deposit without having to step foot in an old-school bank branch, and there is no waiting for a paper check in the mail nor misdirected direct deposits.
While EchoPay has a small monthly fee (under $5), that fee is waived when customers receive over $1,000/month from the government and/or their employer. “Customers are getting paid sooner, faster, and with no monthly fee in the case of most customers utilizing direct deposit”, Ingram added, “…we believe that nobody should be stuck waiting for COVID relief checks.”
About Echo Payment Systems Inc.
EchoPay is open to all Americans at http://www.echopay.me. No credit check is required and there’s no fee to open an account and receive a card. Information on how to receive payroll direct deposits for future payments, future employment and or future COVID-19 relief payments are also available on the website. The EchoPay card arrives in about one week and can be used to make purchases anywhere the major card brands are accepted, including online.
EchoPay was founded by Ronald Ingram in July 2015 with a vision to bring banking into the future. Mr. Ingram has been in financial services and banking technology starting with the largest Canadian national investment firm in 1993 and progressing through increasingly responsible roles in commercial banking and financial systems with TD Bank and BMO – two of the largest banks in the world. Mr. Ingram is a speaker at banking conferences, innovator and professional member of the World Future Society. He is sheltering in Henderson, NV with his wife of 29 years and their two rescue dogs.