The Payroll Debit Card: A 21 Century Solution for Paperless Pay Distribution

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Who we are
PayRoll Innova2ons is a provider of best-in-class pre-paid card services, featuring payroll debit cards or Paycards

The PayRoll Innova2ons MasterCard prepaid debit card is powered by mFunds Global Payments, and issued by First California Bank pursuant to a license by MasterCard Interna2onal Incorporated. mFunds is a registered ISO/MSP of First California Bank. PayRoll Innova2ons, LLC is a registered VAR of mFunds.

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Our Value Proposi2on

We save our client-companies money No integra2on necessary Low or no cost deployment We save their employees money Cards provided free of charge Programs provide myriad cost-saving benets Our product is green, economical and is intended to serve the greater good

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What makes us dierent

Most payroll debit cards are very similar. Our programs are designed to meet very specic requirements:

Zero maintenance fee programs for mandatory adop2on Low maintenance fee programs for budget- minded consumers Feature rich oerings as an alterna2ve to tradi2onal banking
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What makes us dierent(cont.)

While our compe2tors are on a race to the bo]om on commodi2zed transac2on fees, we choose to innovate around our oering.

PayRoll Innova2ons is focused on the introduc2on of new nancial services and benets that solve problems for our clients while providing superior value.
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An underserved marketplace

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is geang even larger.

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How employers save

Eliminate paper check produc2on and distribu2on costs Reduce exposure to stolen, lost and fraudulent checks Eliminate escheatment Easily process o-cycle and one-o payments Ensure compliance with 2mely payments to terminated employees while keeping them o premise Employees always receive their pay on 2me, even in the face of a natural disaster Remote employees get paid instantly regardless of loca2on All employees qualify* with no credit check or banking rela2onship required
* Basic data check is performed to validate citizenship and meet Patriot Act guidelines. Failure to meet this criteria will void eligibility.

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Employer & Employee Savings

Banking account cost estimated attributed to Marsh & McLennan Cos., in May 2010 as reported in a June 17, 2010, article, "The End is Near For Free Checking" in The Wall Street Journal. Paycheck to direct deposit cost s savings attributed to Towers Watson analysis Paycard usage cost estimate based on forecasted cardholder behavior

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Employee Benets
Prepaid MasterCard card

$0 maintenance-fee card programs carry higher transac2on rates. We recommend a $3- $10/month card to op2mize services with lowest possible fees Free POS signature and PIN transac2ons Free ATM access* at par2cipa2ng outlets Free Bank-teller cash-out service Low Cost ACH and card to card transfers Mul2ple spouse/dependent card capability Cards can receive funds from any ACH-enabled source (tax refunds, annui2es, etc.) Pay bills with the debit card, and incur no online bill-pay charges

Free account** with Mobile Banking and Online access

Free mobile banking plakorm! Check balances, transac2on history, etc. Low-cost online bill-pay capability All funds are FDIC insured & protected by MasterCard Zero Liability program*** No more check cashing fees or money orders to buy

Access to the Early Payroll Distribu2on (EPD) program 24x7 Customer Support

* Once per pay cycle, depends on card program selection. ATM owners may charge fees. ** Inactivity fees may apply after 6 months of non-usage, see Fee Schedule for pay-per-use charges *** Conditions and exceptions apply. See cardholder agreement for complete details

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How the Paycard works

All employees receive a Prepaid Access Account (PAA) + their Prepaid Payroll MasterCard (PayCard) PAA/PayCards receive funds from the employer through standard Direct Deposit process Employees have access to their funds via:
Online/Cardholder Website Mobile Banking plakorm (cell phone) The PayCard
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Deploy with Ease at Low or No Cost

Sign the Service Agreements Provide employee census data Employees authorize Direct Deposit Receive, distribute and ac2vate PayCards PayRoll Innova2ons supports and trains your administra2ve and general sta

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Q&A

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Addendum: Sample Cardholder Fee Schedule

CARDHOLDER)FEE)SCHEDULE
Gold%Program Platinum%Program MOBILE%ACCESS Access%via%SMS,%WAP%Site,%and%ODA%(On4Device%Application)............ FREE FREE Balance%Inquiry%and%Transaction%History........ FREE FREE CASH%ACCESS Bank%Teller%Withdrawal%(Cash%Advance)...... FREE FREE Domestic%ATM%Withdrawal*...... $2.00 1%FREE%PPP%/%$2.00 Domestic%ATM%Balance%Inquiry*........ $0.50 FREE SPEND%(POINT=OF=SALE) Domestic%Signature%Transactions....... FREE FREE Domestic%Point4of4Sale%PIN%Transaction........ $0.25 FREE International%Signature%Transactions............. $0.50 FREE International%Point4of4Sale%PIN%Transaction........................ $0.25 $0.10 MONEY%MOVEMENT Card4to4Card%Funds%Sharing... $2.00 $0.99 Card4to4Bank%Account%..... $1.99 $0.99 CARD%LOADING Bank%Account4to4Card%............ $1.99 $0.99 Cash%Reload%Fee................ $1.99 $0.99 BILL%PAY%(PAY%ANYONE) Electronic*and*Check*Payments* a.%transaction................ $0.99 $0.49 CARDHOLDER%&%GENERAL%SERVICES First)3)per)month) Toll4Free%Cardholder%Services%via%IVR%(Automated%System)......% FREE FREE,)then)$0.50/call Primary)Card)Monthly)Maintenance)Fee......... FREE $2.99 Cardholder%Statement%(online)......... FREE FREE Additional%(Companion)%Card%Order............. $5.99 $4.99 Companion%Card%Monthly%Maintenance%Fee........ $0.99 $0.99 Card%Replacement%(Lost/Stolen/Damage)....... $9.99 $4.99 LIMITS Daily%POS%/%Cash%Advance%at%Bank%Teller%limit.......... $2,000.00 $2,000.00 Daily%ATM%Withdrawal%Limit....... $300.00 $500.00 Daily%ATM%Transaction%Frequency....... 5%attempts 5%attempts Maximum%Card%Balance..........$9,999.99 $9,999.99

Complete Fee Schedule available with cardholder agreement upon card shipment.

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Free Checking?
Not for long

"In fact, the cost of opening an account runs between $150 and $200, and the yearly cost of maintaining an account runs between $250 and $300. These costs reect the expense of processing transac2ons, providing monthly statements, inves2ng in payment system technology and sosware, paying the cost of tellers, ATMs, and online banking, stang call centers, complying with countless regula2ons, ensuring privacy and data protec2on, and preven2ng fraud and covering fraud losses," the ABA (the American Banking Associa2on) explained in a one-page analysis, "The Cost of a Checking Account." For the record, the ABA's footnotes a]ribute the $150-to-$200 gure to Robert C. Giltner of Velocity Solu2ons in Wilmington, N.C., at BAI Retail Banking Solu2ons Live, May 19, 2010, and the $200-to-$300 gure to an es2mate by Celent, a unit of Marsh & McLennan Cos., in May 2010 as reported in a June 17, 2010, ar2cle, "The End is Near For Free Checking" in The Wall Street Journal. WSJ: h]p://online.wsj.com/ar2cle/SB10001424052748703513604575311093932315142.html SmartMoney.com: h]p://www.smartmoney.com/spend/family-money/is-this-the-end-of-free-checking/ Huliq.com: h]p://www.huliq.com/10178/new-rules-debit-card-fees-ends-free-checking-major-banks USAToday: h]p://www.usatoday.com/money/industries/banking/2010-05-18-bankfees12_st_N.htm
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