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| Retail Money Card |
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| Safety-Convenience-Savings |
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What is a Retail Money Card ?
The MyMoneyPlus Card is a multi-functional electronic ATM card that is a safe, less expensive, and convenient way for customers to save and use their money than cash. It reduces the fees the cardholder pays for everyday transactions such as check cashing, and wire transfers.
Card features include the ability for family and friends to access money worldwide. |
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Industry Facts
More than 25 million wage earners in the U.S do not have bank accounts.
Over 25 MILLION dollars are sent from Los Angeles to Mexico a DAY.
Fees for check cashing, money orders, wire transfers and bill payment are a significant part of many workers cost of living.
Retailers cashing pay checks raise both the risk factor of doing business and their insurance rates.
Most pre-paid products only generate income one time for a retailer. |
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Unbanked Consummers
The average unbanked wage earner in the U.S¡¦
Spends the equivalent of 3 days per year standing in check-cashing lines
Forfeits an average 2.5% of every payroll check in check cashing fees, with some fees as high as 8%.
Spends an average of $26 per month wiring money.
Pays bills with costly cashier¡¯s checks and money orders.
Has a serious risk of loss or theft by carrying large sums of cash. |
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Card Holder benefits
Offers less expensive alternative to wire transfers.
Alternative to paying expensive check cashing fees.
Immediate access to funds at ATM¡¯s worldwide.
Enhances personal safety by eliminating the need to carry large amounts of cash.
Use at PIN-based point-of-sale (POS) merchants to buy goods and services.
Transfer funds to companion cards and other domestic bank accounts.
Review account balances and transaction history 24/7/365. |
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Card Features
Bank sponsored PIN-based ATM and debit point-of-sale (POS).
Utilizes the STAR¢ç Systems, and PLUS networks. ?Instant access to funds 24/7/365 at over 1,000,000 ATMs nationwide.
Make POS purchases at over a million U.S. retail locations.
Transfer funds*:
- To other program sponsored cards (at reduced rates compared to wire transfers)
Domestic access via ATM & POS
International access via ATMs
- To other domestic bank accounts.
Can be used for Payroll Direct-Deposit
*Within the guidelines of the Patriot Act |
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Retailer Benefits
Eliminates the hazards of cash handling.
On-going revenue from transaction fees, even when the card is used elsewhere.
Builds repeat trade by continuing to offer new products linked to the card.
No Credit Applications;
Great Markup on Card;
No Specialized Equipment;
Fast Transactions.Retailer Benefits |
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Schedule Of Fees
A monthly minimum of fees of $5.00 per cardholder.
A Domestic ATM withdrawal is $1.50.
International ATM Withdrawal is $3.00
A transaction fee of 75¢ applies to each POS purchase.
Card to card transfer fee of no more than $2.50. (Up to of $500 transfer to secondary card)
A fee of $3.50 for each cardholder statement mailed
Access account information FREE at www.mymoneyplus.com. |
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Program Support
We provide you with:
Training and orientation for your staff;
Point of Presence (POP) Materials;
Toll free access number to automated account information;
Customer Service support available 24/7/365 in English and Spanish. Program Support |
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The MyMoney Card program is designed to provide your customers with the ultimate pre-paid solution. Utilization of this multi-function card will not only provide your company with profits, but will allow your customers to enjoy:
Immediate access to funds 24/7/365;
Worldwide access to funds by family and friends;
Purchasing capabilities at thousands of retailers;
Reduced costs on wire transfers;
Peace-of-mind by not carrying large sums of cash. |
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