вЂњBetter Than Check CashingвЂќ System Uses VALIDвЂ™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 VALIDвЂ™s TLR100 check verification way to enhance Advance AmericaвЂ™s brand brand new Check To Card system in 2,474 of the Centers in 28 states from shore to coastline. This program, an alternative solution to test cashing, allows individuals to load payroll or government given checks onto the full featured NetSpend debit card that is prepaid.
вЂњVALID provided us the side that people have to make this program a success,вЂќ said Ron Ingram, Advance AmericaвЂ™s Director of Arlington Heights payday loan solution Product Management. вЂњAfter one of several quickest, smoothest implementations Advance America has ever finished, VALIDвЂ™s item has exceeded our objectives on execution. Reactions are under 20 moments, approval prices are a lot more than along with other solutions, additionally the intuitive user interface minimizes functional overhead and needs no extra training for the staff.вЂќ
Advance America, the nationвЂ™s provider that is leading of advance solutions, created the Check To Card system to produce speed, convenience and security for customers wanting a far better alternative than conventional check cashing solutions. The card that is prepaid 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 free money back function at several thousand banking institutions. Extra advantages of the prepaid credit card include Zero Liability security 1 , online bill re re payment and account access, no overdraft charges and use of the NetSpend National Savings Program that currently offers a marketing 5.00 % APY. Accounts when you look at the NetSpend nationwide Savings system are held by Inter nationwide Bank, user FDIC in McAllen, Texas.
вЂњCheck To Card could be the very very very first major system of the type within the country,вЂќ said Advance AmericaвЂ™s ceo, Ken Compton. вЂњWe think consumers will discover this an alternative that is attractive check cashing, providing the features of a debit card account with none for the hassles of credit cards.”
John Templer, Jr., VALIDвЂ™s CEO, commented, вЂњWeвЂ™re pleased become partnering with Advance America with this powerful brand new approach to cash access for underbanked customers. At VALID, we pride ourselves on our capacity to fulfill each companyвЂ™s unique requirements. We have been constantly focusing on techniques to keep our items from the leading edge of recognition and verification distribution, while continuing to supply the rate, security, dependability and freedom our clients from coastline to coastline have actually come you may anticipate.вЂќ
About VALID Techniques:
Headquartered in Fort Worth, Texas, VALID techniques offers AmericaвЂ™s leading automatic check cashing and verification solutions. Its services and products are deployed coast to coast; its clients consist of top banking institutions, monetary solutions organizations and merchants. Regional and local companies also appreciate VALIDвЂ™s fast, versatile, low priced method of better attracting and serving brand new and underbanked customers.
VALIDвЂ™s online based decisioning and recognition system probably the most higher level available on the market is utilized across its product line today. Platforms consist of its initial Computer based application, all within one terminals, and VALID enabled ATMs. Along with its simplicity of installation and make use of, low begin up and functional expenses, and unparalleled customization ability, fraudulence avoidance and customer care, VALID offers todayвЂ™s easiest way to safely and profitably say yes to more clients every single day. To get more on VALID, see .
About Advance America
Launched in 1997, Advance America, money Advance Centers, Inc. (NYSE: AEA) could be the nation’s leading provider of money advance solutions, with about 2,750 facilities and 79 restricted licensees in 32 states, the uk and Canada. The business provides convenient, less expensive credit choices to consumers whoever requirements aren’t met by conventional banking institutions. The organization is a founding person in the Community Financial Services Association of America (CFSA), whoever objective would be to market regulations that offer substantive customer protections and also to encourage accountable industry methods. See to learn more about Advance AmericaвЂ™s places and solutions.
MetaBank is really a savings that are federally chartered headquartered in Storm Lake, Iowa. Meta Financial Group, Inc could be the keeping business for MetaBank, Meta Payment Systems , and Meta Trust business . The Meta Payment Systems (MPS) unit of MetaBank situated in Sioux Falls, Southern Dakota, is an accepted frontrunner when you look at the prepaid credit card industry and offers revolutionary re re payment solutions delivered nationally in collaboration with market leading lovers. MPS centers on providing product that is specific within the following areas: (i) prepaid cards, (ii) bank cards and lending solutions, and (iii) ATM sponsorship. Meta Financial Group is traded in the NASDAQ Global marketplace : MONEY. To learn more check out .
NetSpend Savings Accounts are given by Inter nationwide Bank, user FDIC. Interest percentage is calculated from the typical balance that is daily of checking account and paid quarterly. Yearly portion Yield (APY) is accurate as of 1, 2009 january. No minimal balance is required to start the account or have the yield. Charges could decrease the profits in the account. That is a rate that is promotional. Prices are topic to improve with no warning