“Better Than Check Cashing” System Uses VALID’s Revolutionary Decisioning and Interface to Deliver Faster, Safer, More Convenient Access
FORT WORTH, Texas ( BUSINESS CABLE ) VALID Systems announced today that Advance America, Cash Advance Centers Inc. has used VALID’s TLR100 check verification way to enhance Advance America’s brand brand new Check To Card system in 2,474 of their Centers in 28 states from shore to shore. The program, an alternate to check on cashing, allows individuals to load payroll or government given checks onto the full showcased NetSpend debit card that is prepaid.
“VALID provided us the side that people have to make this program a success,” said Ron Ingram, Advance America’s Director of Product Management. “After one of several fastest, smoothest implementations Advance America has ever finished, VALID’s item has surpassed our objectives on execution. Reactions are under 20 moments, approval prices are much greater than along with other solutions, and also the intuitive user interface minimizes functional overhead and requires no additional training for our staff.”
Advance America, the nation’s leading provider of money advance solutions, created the Check To Card system to supply rate, convenience and security for customers wanting an improved alternative than old-fashioned check cashing solutions. The prepaid credit card granted by MetaBank and serviced by NetSpend is accepted anywhere Visa debit cards are accepted. Cardholder advantages consist of use of one or more million ATMs along with a cash that is free function at several thousand banking institutions. Extra advantages of the card that is prepaid Zero Liability security 1 , online bill re re payment and account access, no overdraft fees and use of the NetSpend National Savings Program that currently offers a marketing 5.00 percent APY. Reports in the NetSpend National Savings system are held by Inter nationwide Bank, user FDIC in McAllen, Texas.
“Check To Card could be the very very first scale that is large of the sort when you look at the country,” said Advance America’s ceo, Ken Compton. “We think consumers will discover this a appealing option to always check cashing, offering the features of a debit card account with none associated with hassles of a charge card.”
John Templer, Jr., VALID’s CEO, commented, “We’re pleased become partnering with Advance America with this powerful approach that is new cash access for underbanked customers. At VALID, we pride ourselves on our capacity to fulfill each company’s unique requirements. Our company is constantly focusing on how to keep our services and products in the leading edge of recognition and verification distribution, while continuing to produce the rate, security, dependability and freedom our clients from shore to coastline have actually come you may anticipate.”
About VALID Techniques:
Headquartered in Fort Worth, Texas, VALID techniques offers America’s leading check that is automated and verification solutions. Its services and products are deployed coast to coast; its clients consist of top banking institutions, monetary solutions businesses and merchants. Regional and local organizations also appreciate VALID’s fast, versatile, inexpensive way of better attracting and serving brand new and underbanked customers.
VALID’s Web based decisioning and recognition system probably the most higher level available on the market is utilized payday loans in West Virginia across its product line today. Platforms consist of its PC that is original based, all in one single terminals, and VALID enabled ATMs. Using its simplicity of installation and employ, low begin up and functional expenses, and unparalleled modification ability, fraudulence avoidance and client satisfaction, VALID offers today’s way that is best to safely and profitably say yes to more clients each and every day. For lots more on VALID, see .
About Advance America
Created in 1997, Advance America, money Advance Centers, Inc. (NYSE: AEA) may be the country’s leading provider of money advance solutions, with more or less 2,750 centers and 79 licensees that are limited 32 states, great britain and Canada. The organization provides convenient, less credit that is costly to customers whoever requirements aren’t met by old-fashioned banking institutions. The organization is a founding person in the Community Financial solutions Association of America (CFSA), whoever mission would be to promote legislation that offer substantive customer defenses and also to encourage industry that is responsible. See to learn more about Advance America’s places and solutions.
About MetaBank
MetaBank is a savings that are federally chartered headquartered in Storm Lake, Iowa. Meta Financial Group, Inc may be the company that is holding MetaBank, Meta Payment Systems , and Meta Trust business . The Meta Payment Systems (MPS) unit of MetaBank situated in Sioux Falls, Southern Dakota, is an established frontrunner into the card that is prepaid and offers revolutionary re payment solutions delivered nationally in collaboration with market leading lovers. MPS is targeted on providing certain item solutions within the following areas: (i) prepaid cards, (ii) bank cards and lending solutions, and (iii) ATM sponsorship. Meta Financial Group is exchanged regarding the NASDAQ Global marketplace : MONEY. To learn more see .
NetSpend Savings Accounts are given by Inter National Bank, user FDIC. Interest percentage is calculated regarding the typical daily stability of one’s checking account and paid quarterly. Yearly portion Yield (APY) is accurate at the time of January 1, 2009. No minimal balance is essential to start the account or have the yield. Costs could lower the profits regarding the account. This is certainly a marketing price. Rates are topic to improve with no warning