Prepaid Wireless (Phones & Refill)
The US Market for pay-as-you-go wireless is exploding, growing from $4.5 Billion in 2000 to over $23 Billion in 2004, driven by youth, minorities and the unbanked. We show retailers how to drive significant new revenue and store traffic through superior product assortment, targeted marketing communications and efficient product delivery. In addition, we show large chain store retailers (1000+ locations) how they can earn 25% to 40% additional gross profit dollars by eliminating their distributor, and going direct to the product and service providers.
Prepaid Debit Cards (Issue & Universal Refill)
Americans need plastic. Now the unbanked and youth can get their own, by pre-loading value onto a prepaid debit card, in order to shop, pay their bills, and conduct financial transactions. The Prepaid Debit market is expected to grow from $600 Million in 2002 to over $5 Billion by 2007. We enable retailers to bring a product to market, and also facilitate the Universal Load "killer app" - being able to refill anyone's card regardless of where they originally acquired it.
Proprietary Stored Value Gift Cards
Growing from a $20 Billion market in 2002 to over $100 Billion in 2007, Gift Cards have swept the nation with a fervor. Nearly 50% of Americans purchased a gift card last year, versus just 23% the year prior. We show our partners how to bring a card to market swiftly, efficiently and cost effectively, and how to maximize their opportunities in this space, looking at increased customer loyalty, increased marketbasket, reduced transaction times, breakage and float
Commissionable Third Party Gift Cards
Gift cards offer such value to the issuing merchant that they are now paying commissions to other parties in order to increase distribution of their cards. We enable merchants and distributors to feature non-competing third party retail, restaurant and service provider gift cards, earning an average 10% commission on every card sale. A large chain store retailer could see over $100 Million incremental annual sales with this program, and over $10 Million in new gross profit.
Check Cashing
Check cashers processed over 180 Million checks last year, worth over $60 Billion, in over 10,000 locations. We enable our partners to introduce a point-of-sale driven check cashing solution with funds distributed via a stored value card, with little to no risk, in order to drive significant new store traffic and revenue.
Walk-Up Bill Payment
20% of American households pay their bills in person. We show our partners how to satisfy this market with a POS-driven billpay solution, again driving significant new store traffic and revenue.
Money Transfer
This market is growing by over 20% a year, driven by socioeconomic trends worldwide. We introduce a money transfer solution for our partners, as part of their total "Fringe Banking" offering, driving new profit opportunities with increased traffic and use occassion.
Other Electronically Processed Opportunities
Once you have built the infrastructure and processes to bring stored value and fringe banking products and services to market, you can easily and efficiently add other operationally focused offerings such as Age Identification, Check Verification, Electronic Benefit Transfer, Credit Card Processing, Loyalty Programs and more.