ATMSNOW.COM

Touch-n-Buy’s Check to Card is the most advanced guaranteed check service company in the
market. Touch-n-Buy possesses the experience, expertise, and technology that has made
the implementation of a check to card solution for retailers possible.
Our check to card business is based on nearly 16 years of financial services experience.
Touch-n-Buy's team is highly experienced and professional with more than 20 years of industry
expertise.

Exec Summary

• The Cashless alternative to Check Cashing Network
• Fully integrated with 2 Check Settlement Banks
• Fully integrated with Card Program Manager / MasterCard processor / Card Issuing Bank
• Fully integrated with FIS - Ranked #1 Overall Financial Technology provider in the world
• Touch-n-Buy’s check to card platform and fully compliant rules built over iStream state of the art check 21 technology.
• Newly developed Check to Card Platform ready for roll-out

 

Integrated Partners
Fidelity National Information Services (NYSE: FIS)

 

• Largest global provider of banking and payments technologies

iStream FS

• State of the art Check 21 Processor
• Same management team grew previous company (Universal Savings Bank) to over 75k locations in POS Industry

KBT & NovaBank

• Leading check processing and MSB banks

Integrated Partners


Merchant
Touch-n-Buy
Processing Center — Colombia

iStream FS
Servers - Milwaukee

KBT
HQ - Kenney IL

Nova Bank
HQ - Philadelphia PA

FIS / Certegy
Processing Center / Databases

 

About Check Cashing   
Check cashing is one of the fastest growing segments in the retail industry. From small
corner grocery stores to the world's largest retailer, companies across the country are
cashing checks to increase sales, build customer loyalty, generate new revenue streams,
increase walk in traffic and to attract new customers.
STATISTICS

• According to industry studies, there is a total of $300 billion dollars in checks cashed a year.  
• 80% - 90% of checks are payroll checks with an average size of $500 to $600.
• 50% of these checks are cashed at Financial Institutions (Banks and Credit Unions), while the rest of the market is shared almost equally between Check Cashing establishments and Grocery Retailers (Supermarkets and Convenience Stores).
• 23% of families in the U.S. do not have a checking account (Federal Reserve Board's Survey of Consumer Finances).
• The average commission charged is approximately 2.5% - 3% of the face value of the check.

About Prepaid Cards
(Competition)

• GreenDot
• – [Walmart’s Prepaid Card provider. Walmart acts as the check casher and then loads funds into
• GreenDot cards]
• Netspend
• – [All their merchants are established check cashers who load funds on to Netspend cards]
• Neither of the above have a potential growth story as their distribution channels are mature.
• Touch-n-Buy on the  other hand,  allows  any other merchant to  offer Touch-n-Buy services, in which checks are deposited directly into a pre-approved Prepaid MasterCard account, giving the appeal and feel of cash to the customer.
• The Driver behind the success of the Prepaid Card Industry is the Check Transaction that happens prior to the loading of the Card. Touch-n-Buy will capitalize on this fact by making the check to card transactions ubiquitous.

 

Growth Perspectives
Prepaid Debit Card Market has been growing at 40% per year.
Business Model
Touch-n-Buy merchants rent the equipment.

•  Free after goals are met

Touch-n-Buy’s revenues are completely transactional and include:

• – Check Processing fees
• – Prepaid Card fees

Card fees are collected by Meta Bank and its Card Program Manager Cardmarte, which are then paid to Touch-n-Buy for its services. Touch-n-Buy has assigned Merchant fees for Locations out of this card revenue.

Program Objective:
To provide the under-banked an efficient and less costly alternative to check cashing services.

•  Funds are loaded automatically into customers prepaid GPR Card
•  Funds are available instantly
•  Can be used anywhere debit MasterCard or Visa card is accepted
•  Online purchases, bill pay
•  No bank account required
•  Get cash, shop, pay bills, and more

 

Check-to-Card Program
Guaranteed checks
FIS / Certegy guarantees all approved checks
 Compliance
Touch-n-Buy will provide Compliance, Training, Data Retention, Regulatory Oversight and all Reporting Capabilities for Management and regulatory purposes.
 Technology & Equipment
iStream FS provide state of the art Technology and Equipment.
 State of the art operational center
Touch-n-Buy, FIS and Cardmarte will provide Customer service and technical support with a state-of-the-art operational center.
 Economical
One time setup fee, no commitments or penalties
 Fast and easy
After Check is processed, funds are automatically loaded into your customer’s Prepaid MasterCard or Visa card for immediate use.

Process and Check Guarantee

Certegy
ZERO Liability
All payroll & government checks approved through Touch-n-Buy’s check verification approval process are guaranteed. In the event of insufficient funds or fraud there is ZERO liability to the merchant. All items approved, guaranteed by Certegy® (a Fidelity Info Services company; NYSE = FIS).

• Currently have check products in 65 of the top 100 retailers in the United States
• In 2010 Certegy cashed over 29 billion dollars in check volume
• Currently provide our services to Albertsons, Wal- Mart, Safeway, HEB and Winn Dixie to name a few

 

Easy Check-2-Card Process

Transactions are submitted from merchant locations and processed in real time.
Transactional information goes through compliance management, guarantee verification,, check truncation, bank loading and settlement of funds.

Store Benefits  

•   No Merchant Licensing required. (use our licenses)
•   No upfront investments.  
•   No prefunding of payout cash nor Prepaid Cards.  
•   Significant increases in revenues from transactions and  7-19%  increase of  in-store sales.  

No need to handle cash. Increased Security

•  Stores under our program can be loading checks into cards almost immediately.
•  Increased walk-in traffic.
•  Increased customer loyalty.
•  No Special training /licensing for cashiers
•  System is available 24/7
•  Run transactions electronically in a matter of seconds.

Benefits of prepaid debit cards to Customers

•  Safer handling than cash- If your card is lost or stolen, your money is safe. It is FDIC insured.
• Worldwide functionality - wherever debit MasterCard is accepted (restaurants, shops, online, etc)
• Easier to pay bills- Online or by phone
• Mobile banking (Rocket)- allows you to store, send, and receive funds instantly.
• No overdraft fees.
• Get cash at ATMs.
• Cheaper service than at check cashing location.
• No need for expensive money orders ever again.
• Convenient one stop service at local store.

Merchant Revenue Share

Technical Requirement

In Store Signature

Complete In-Store Signage plans readily available for Merchant to install. (Plans available at Merchant’s expense)
Advertizing material to be displayed in your locations as banners, pump toppers, window decals or clings.

FAST, SAFE, SECURE, EASY, CONVENIENT, PROFITABLE

MAKING MERCHANTS MORE MONEY