Western Union Company Overview A Global Leader in Electronic Money Movement and Money Management Solutions 2 Founded in 1851 2009 Results: $5.1B Revenue, $1.2 Cash Flow, 26% Margin Handle over 600 million transactions per year (20 per second) 96% Consumer Brand Awareness 420,000 agent locations worldwide across 200 countries Core Brand Values: Speed, Convenience, Reliability and Trust Our Company Values: Integrity, Partnership, Opportunity, Passion, Teamwork
Source: Mercator Advisory Group Prepaid Cards – Amazing Growth! Market Growing at 48% Annually Projected to grow over $200 Billion in 2011 48% CAGR US Prepaid Forecast – Open Loop Cards (in Billion $s Loaded) 3
Agenda MoneyWise MasterCard Prepaid Card The New Tax Refund Option 4 A easy and convenient way for taxpayers to receive their tax refund As fast as direct deposit Simple for you to select for the taxpayer & Are Proud to Introduce the
Agenda Now Available Within TaxWise and ATX 5 The New MoneyWise MasterCard is fully integrated into both TaxWise and TaxWise Online Listed as an option for the taxpayer to receive their tax refund
Agenda Its a Great Option for You and the Taxpayers 6 Why Offer the MoneyWise Card and Why Will the Taxpayers Want It? 1.A better way to receive their tax refund 2.Increased customer satisfaction for your site 3.No bank account required to receive the refund 4.Just as fast as direct deposit 5.No need to wait for a paper check 6.A safe and simple way to carry the funds 7.Its a reloadable prepaid card – including free direct deposit 8.Can be used anywhere MasterCard is accepted worldwide including online and at ATMs
A Simple Process for You and the Taxpayers 1.Present and Select the MoneyWise Card as the Taxpayers Refund Option Integrated inside TaxWise and TaxWise Online Selecting the MoneyWise Card is Easy for You and Even Easier for the Taxpayer 7
A Simple Process for You and the Taxpayers 2.The Taxpayer Receives a Personalized MoneyWise Card in 5-7 Days Selecting the MoneyWise Card is Easy for You and Even Easier for the Taxpayer 8
A Simple Process for You and the Taxpayers 3.The Taxpayers Tax Refund is Deposited onto the MoneyWise Card within 1-2 Weeks The MoneyWise can be used anywhere MasterCard is accepted worldwide including online and at ATMs Selecting the MoneyWise Card is Easy for You and Even Easier for the Taxpayer 9
Agenda Prepaid With Nothing to Hide No Activation Fees Consumer Fee Friendly 4 Convenient Methods to Load Money Use Cards Anywhere MasterCard is Accepted Manage Card Account Online and by Phone Funds Protected by MasterCards Zero Liability Policy The MoneyWise MasterCard Prepaid Card 10
Agenda A Unique Card Designed for Consumers The Western Union MoneyWise MasterCard Prepaid Card is One of the Most Consumer Friendly Cards in the Market 11 The Fee Friendly Program to Build Long Term Cardholder Relationships Consumer Fee Friendly: Card Activation Fee:FREE Monthly Maintenance Fee:FREE Signature Purchase Transaction Fees:FREE PIN Purchase Transaction Fees:FREE Live Customer Service Fees:FREE Overdraft Fees:FREE Online Electronic Statements:FREE Payroll Direct Deposit:FREE Money Transfer Load Fee:FREE Online/IVR Account Activity Access:FREE SMS Account Notifications:FREE ATM Cash Withdrawal Fee:$1.95 Cash Reload Fee:$4.95
Loading Money is a key feature for GPR cards. Western Union offers 4 convenient ways to load funds – more than other programs in market. Four Convenient Ways to Load Funds Cash at Any WU Location Nearly 50K locations Simple and fast one-step process Funds available immediately Direct Deposit Simple to sign up Employer and Government payments Either full or partial amount FREE service Load a WU Money Transfer Redirect any Western Union Money Transfer onto card Unique feature to WU Simple, IVR-only phone call FREE service for cardholder Online Bank Transfer Cardholder registers bank account online Transfers funds via ACH 12
Account Management Online and by Phone Toll free phone number and website for cardholder account management Check card balance / track card activity Sign up and manage SMS card notifications Manage profile and card preferences WU Cardholder Services Card # ending in xxx1699 Your purchase: $15.25 Your balance: 184.50 Thank you WU Cardholder Services Card # ending in xxx1699 Your purchase: $15.25 Your balance: 184.50 Thank you 13
Agenda In Summary… 14 Why the MoneyWise Card this Coming Tax Season? A simple and fast way to receive their tax refund Maximize the taxpayers satisfaction and refund The MoneyWise Card is both fee friendly and reloadable for the taxpayer
Agenda Whats Next for You? 15 Determining what materials will be sent with TaxWise software shipments in Nov/Dec. More info to come. Simply go into the CCH customer support Website and check the box in order to receive MoneyWise Card materials for your offices (posters, brochures, etc), Offer each of your clients receiving a tax refund the MoneyWise prepaid card!
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