Introducing. . . “The Money Card” Smart Money, Inc. www.shoppersonline.com

In the Beginning. . . And it worked! Cash... Checks... Low Security & High Risk Checks... High Costs & High Liability All it took was time and it cost high fees for cashing And it worked!

ANTIQUATED Cash Disbursements Cash disbursement in general is focused around paper checks, cash and physically distributing paper Checks and cash disbursements can be eliminated and replaced with modern technology Much lower costs, efficiencies and many cardholder benefits derived from automating all forms of cash disbursement

A new alternative was offered... Employee sign-up nation-wide continued to hit a 60% wall … Employers campaigned for workforces to sign up on Direct Deposit … Large % of self-banked workforce stuck with no alternative… Yet it was better…

Introduction to the Next Generation “The Payroll Card”

FACTS Companies can save from $1.00 to $30.00 per payment by using electronic cash disbursement instead of checks Studies show that consumers may spend the equivalent of three workdays each year going to the bank The chance of having a problem with a check is 20 times greater than with electronic cash disbursement Last year, the government experienced $65 million in forged or altered checks. For banks, check fraud is a $1.34 billion annual problem

Company & Employee ISSUES Card Based forced PIN Numbers Lack of, or, no Internet access…How do I??? High fees and costs for programs Limited debit POS coverage, cash back & convenience Extremely limited cashing locations for checks Legacy technology limiting client functionality No, or at best, limited benefits to cardholders

Company & Employee NEEDS Card Based Solutions with Platform based on PIN and non PIN use Worldwide ATM and Debit POS coverage High security and lower liability Internet based functionality for Company Cardholder Internet access Truly lower cost for Company and Employee Employee acceptance and ease of use

Highlights Replaces paper based checks, cash advances, T&E reimbursements, etc. All debit transactions are real-time…no overdrafts Cardholder access to multiple products and encashment points Internet access for administration and reporting Domestic and international acceptance Benefits for clients and cardholders

Cash Disbursement Applications Electronic payroll and travel expense distribution Electronic incentives and advances Smart Card applications

How Does Program Work? Client deposits or applies funds to cardholder’s “account” - individually or by batch - Large Batch (NACHA or other) - Host to host (Integrated) - POS devices - Voice

Client & Cardholder Internet Access Company Capabilities Client profile Program profile Card profile Cardholder profile Cardholder Capabilities PIN # Maintenance Transaction Reporting Balance Inquiries Smart Card Maintenance Reporting

Card Management Set up, add & modify programs Order cards in bulk or individually Set-up cardholders Real-time card and account maintenance Cardholders can access their accounts Multiple reporting options

Voice Response Unit English or Spanish 1-800# Enter Card Number Enter PIN # PIN# Rejected * Try Again (3-5 Limit) * Operator Balance Given Card To Card transfers Initiate Direct Deposit Transaction Recap Direct Deposit Transaction Recap Phone

24 X 7 Service Voice Response Unit (VRU) Cardholder service English and Spanish Client service (Business Hours) Technical support Implementation management and support

Client Benefits… Costs of cash and check disbursement lowered Secondary cash and check problems eliminated Many processes automated and more efficient Manual reconciliation steps eliminated Transaction data and electronic trails created Cardholders receive many benefits

Differentiators… Full Internet Capabilities Maintenance on card accounts Cardholder access Card program management Worldwide Debit Point-of-Sale and ATM Access Real-time transactions - eliminates overdraft Cardholder selected PIN An established and successful debit card processor Current technology - Not a legacy system

Implementation Steps Implementation Planning Meeting (w/Client) Form Project Team (If necessary) Card Design & Marketing Materials System Set-Up Requirements Product and Process Training Set-Up Client/Program Data in System Emboss Cards and fulfillment of materials “Payday” The Process and other disbursements Testing (Test sites, time frame and criteria) Cardholder Sign-Up Roll Out

The Next Step… Meet to analyze current cash disbursements and payroll Provide a formal solution and proposal Implementation and testing Roll-out on site