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Outline

Outline. The Money Network Vision Why Paycards Now? Our Value Proposition – Employers / Employees Concord & Money Network Overview The Money Network Solution Pay Card Training New and Future Features Features & Benefits Summary VIII. Questions and Next Step. The Money Network Vision.

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Outline

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  1. Outline • The Money Network Vision • Why Paycards Now? • Our Value Proposition – Employers / Employees • Concord & Money Network Overview • The Money Network Solution • Pay Card Training • New and Future Features • Features & Benefits Summary VIII. Questions and Next Step

  2. The Money Network Vision • “To be the number one payroll card issuer in the industry by enabling paperless pay for employers while providing employees a safe, convenient and cost-effective alternative to receiving paper checks”

  3. Why Pay Cards Now? • Nationwide 9.5% of Families non-banked. • Working Poor • Higher percentage of minorities • Below the age of 25 or above 55 • This percentage has not changed over the last 5 years. • Last link to complete electronic payments.

  4. Our Value Proposition • Reduce costs associated with payroll • production, distribution, fraud, other • Maximize direct deposit participation • Meet State escheatment requirements. • Flexibility via Paycard options • Stored value, Visa or Star • Low cost solution through vertical integration • Dedicated resources to focus on education and implementation

  5. Our Value Proposition • Convenience • easy access, no more standing in lines • Safety - not required to carry cash • - FDIC Insurance • Can provide no-NSF solution • Enable low cost bill payment tool via the Transcheck • Pride in owning a financial instrument • Improve money management capabilities • Education of the cardholder on PIN-secured debit as a low-cost method to access cash

  6. Payroll Card Clients RPM PIZZA RGT Foods HANNONS KFC

  7. AGENT BANKS

  8. Why Choose Money Network • Only Money Network can enable 100% elimination of checks, How? • Transcheck- Employees are able to access their pay when they misplace their card, without employer involvement. • Internet Funding- Off cycle or final pay can be made to the card using internet funding. • Instant Issue- Allow the card to be the default, instead of a payroll check. • Transcheck allows 100% Access to Full Pay • Employees are able to access their pay to the penny.

  9. Pay Card Environment • Two Types of Pay Card Platforms • Visa or Star Branded • Demographics of Employee Base Determines best Choice. • Money Network prefers to act as a consultant to develop the best paycard option for each employer.

  10. Or • Issues to consider: • Employee demographics • Mandate or elective • Instant issue • NSF’s • Availability of funds (Settlement) • Accepted Locations (Internet Purchasing) • Brand Recognition • The Only VISA with a Transcheck Option

  11. Enrollment • Electronic enrollment via simple data extract, web utility or spreadsheet • Can instantly issue cards & Transchecks • Collect basic employee information • IVR access code is last 4 digits of the card • Employee may change PIN as desired

  12. Account Loading • Standard direct deposit • --No additional systems needed • Real time funding • --Internet based tools • --Instant funds transfer • --Off cycle adjustments

  13. Funds Accessibility 4 Methods • ATM --99.9% acceptance --National surcharge free network • Transcheck --Paper negotiable document • ACH Transfer --To hometown bank accounts • PIN-Secured Debit --99.9% acceptance --Use at Retailers for purchase with Cash back --May be used at the US Post Office for 100% Access via Money Orders --Broadest footprint for acceptance

  14. Pay Card Training • Customized Implementation • Reflect goals specific to your organization • Training & enrollment aids • Video • Pictograms • Posters • Quick Reference Sleeves • Rollout scheduling • Communication to management

  15. Pay Card Training • Employee Training Focus • Reason for change • Benefits to employee • Convenience • Dependability • Safety • No NSF fees (Star Only) • How do I use my pay card • Special emphasis on POS purchases with “cash back” as the most efficient way to use the card

  16. Newest Offerings and Future Development • Money Network can provide electronic pay stub delivery to eliminate all paper. • Money Network will enable access at Coinstar Machines, when the technology is available.

  17. Features & Benefits Summary

  18. THANK YOUQ & A Tal Clark Director of Sales, Food Service 901.381.5458 Office 901.277.9145 Cell tal.clark@moneynetwork.com www.moneynetwork.com

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