Business
Cash Now Announces a launch date of a World Market Initiative with New Debit Card
Cash Now Announces a launch date of a World Market Initiative with New Debit Card.
About this update from Flexpower Inc
[{"type":"text","content":"Fort Lauderdale, Florida - April 21,2005 - Cash Now Corporation, (Pink Sheets: CHNW), Cash Now Corporation, a business aggregator and a pioneer in the sub prime payday loan lending and continuing leader in the payday loan and check-cashing industry, (www.cashnow.com) and (www.cashnow.net) begins and a worldwide wholesale marketer of a new generation of prepaid financial service products, today announced that it has dynamically expanded its global presence through a new bank debit card for the worldwide marketplace. The company's new \"Electronic Debit Card\" is a debit card branded by a major international credit/debit card issuing association and network, and each card will carry the brand's flag and hologram to attract cardholders as a prestige product. The company plans to officially launch the new debit card on July 7 2005. \r\n\r\nCash Now's newest card product can be issued to people worldwide with official identifications and verifiable addresses. It can be used at more than 800,000 ATM's worldwide and POS terminals with PIN-pads, as well as for Internet purchases. The cards can be issued instantly onsite at any registered employer or retail location, and are re-loadable via direct payroll deposit on the Internet, Interactive Voice Response (IVR), card-to-card transfer or retail location loading. Its applications include international or multinational employee payroll, retail or gift cards, travel cards, student cards, affinity group cards and fund transfer cards. \r\n\r\nWorld Market\r\nThe prepaid market comprises the largest customer base in the world, and most consumers understand how prepaid payment systems work. Cash Now estimates that this market potentially includes approximately 150 million individuals in the United States, of which less than 12 million maintain active prepaid debit card accounts. The worldwide market potential is more than 10 times greater at 1.5 billion individuals, and this market is virtually untapped, representing a tremendous opportunity for products catering to the world's \"un-banked\" population, such as Cash Now's newest offering. These individuals can be issued prepaid bank debit cards and enjoy the convenience, prestige and security of having money in a safe place - alongside a variety of value-added Cash Now benefits. \r\n\r\nThe electronic bank debit card is available to Cash Now's ...