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Executive Summary
U.S. Cash is a Nevada U.S.A. Corporation. After 18 months of research and development, it was incorporated in March of 2000.
U.S. Cash is a financial services company. The primary focus is being a leader and provider of product and services for the stored value card and electronic cash disbursement industry. Complimentary to its primary focus is being a major provider of full service custom payroll, servicing employers around the globe.
Via subsidiary companies which U.S. Cash controls and manages, along with partnerships and long term contractual agreements, it is believed that U.S. Cash now has the strongest, most diverse in usage, most effective and most cost efficient overall platform supporting stored value card products and electronic cash disbursement processing.
U.S. Cash has its own brand name products: U.S. Cash WorldCard and Flexcard. U.S. Cash can as well offer, provide and service Visa and MasterCard labeled products.
Stored Value Products Consists of:
Private Label proves to be the largest volume of business available to U.S. Cash. Major corporations, retailers, department stores and marketers serving the industry desire to utilize their own brand name under the Worldcard platform.
Unbankable clients: 29% of the U.S. population that do not have and can not obtain a bank account can store their money on their U.S. Cash Worldcard. It’s safe, held in a national bank and is FDIC insured. Employers love it. These cards accept direct deposit of payroll. Clients love it because they don’t have to carry cash and the money is available at most ATM machines and banks, and authorized merchants, when they need it. They as well can make purchases at merchants that accept debit card transactions.
U.S. Cash’s primary outlet is to sell these products to convenience stores, liquor stores, rent-to-own stores, and check cashing payday loan locations.
U.S. Cash owns and operates four check cashing payday loan stores which has given it a great advantage in test marketing new products before going to the market place.
Marketing and Sales of Products and Services
With U.S. Cash’s focus on being the number one provider in performance and usage of products, it elected to offer its products through major independent marketing and sales companies coast to coast allowing them to wholesale these products and services to their existing clients like retailers, convenient stores, financial outlets, money remittance firms and payroll programs to employers across the nation from one employee to thousands.
The in-house marketing department at U.S. Cash provides these professionals the support and materials they need to get the job done and are always available to assist in closing and facilitating a deal.
Now, with these marketers U.S. Cash has merchants and money remitters retailing its products coast to coast from Florida and New York to California and Hawaii. These merchants as well become load centers for the products. U.S. Cash was the first in the industry to get a major bank involved that would load money to the card for U.S. Cash Cardholders. Bank of America branches across the nation are load centers for U.S. Cash products.
In April 2005 U.S. Cash adds Green Dot Network which connects U.S. Cash to thousands of retail locations throughout the U.S. allowing these retailers to service, load and re-load U.S. Cash WorldCard Products. Also, in addition to Bank of America, these cards can be re-loaded at Wells Fargo, Bank One and Fleet.
How does U.S. Cash make money?
First, from selling its products to the wholesalers (marketers and sales organizations). Mostly, U.S. Cash earns from every active cards on a monthly basis from the transaction fees each time a card is used and from a minimal monthly service charge.
U.S. Cash prides itself in being able to award the professional marketers and sales representatives the industry’s highest earnings levels. By doing so, it creates quicker, higher volume transactions where U.S. Cash earns its largest profits.
Payroll service: To enhance services and ensure usage of paycards, U.S. Cash affiliated itself in a joint venture with an experienced full service payroll company which has been in business for over 13 years. To compete with ADP and Paychecks, the giants of the industry, millions were spent in new technology which allows a competitive edge. In most cases, in side by side comparison, U.S. Cash’s Custom Payroll Services will defeat all competition in effectiveness, elimination of human error, accuracy, timeliness and cost.
For companies still doing payroll in-house, cost savings is enormous while reducing considerable liability. U.S. Cash Custom Payroll can service employers of any size from one employee to thousands.
U.S. Cash now derives additional revenue from the payroll service monthly, but more importantly, enjoys the monthly profits derived from the paycards in which the payroll is deposited to and the monthly transaction fees generated from the usage by the employee cardholder.
A Booming Industry
The stored value product industry in 2003 generated 40 billion U.S. dollars. In 2004 it leaped to over 100 billion in the U.S. alone. According to statistics provided through Card Management Association and published in Inc. Magazine, the industry is expected to exceed the trillion dollar mark by 2009.
Yes, there is lots of room to grow in the U.S., let alone the virgin markets in other countries around the globe. While going up against many competitors in the U.S. and continuing to progress because of certain competitive advantages, U.S. Cash decided that simultaneously it could get an edge on the global market place.
International Processing Platforms
In a unique joint venture with Global Technology and FinProTec, a subsidiary of U.S. Cash, U.S. Cash is now able to duplicate and implement the total processing platform and system utilized in the U.S. in other countries around the globe. This system comprising of the most highly secured specialize software systems in a real time internet application is connected to the main hub for international transactions which then is connected through the global connection networks like Maestro, Cirrus, Star, Pulse, Interlink, Global and many others that allow usage of products at ATM machines and P.O.S. terminals everywhere. As well, the system hub is then connected to all banks and allows electronic transfer of funds. The processing platform records and documents all transactions that occur from the cards, calculates and appropriately distributes the fees derived from such transactions.
For card products, FinProTec’s system is duplicated as part of the overall platform to manufacture the card products which involves the plastic, private label print, encrypting, inserting chips, programming and distributing. As well it becomes a 24 hour call center for cardholders providing them guidance, assistance and add-on products. This service center controls the activation of all cards first documenting and storing the appropriate cardholder information then programming and activating their card so it can be loaded.
U.S. Cash is able to sell via license rights the entire platform to approved operators in countries outside the U.S. Once an operator is approved and provides funds, U.S. Cash and its affiliates travel to the operator’s pre-approved highly secured location, and install all equipment, specialized software, perform all connecting links, test the system and then train personnel to operate.
Once operational, U.S. Cash and their affiliates will provide ongoing support and monitoring of the system from our U.S. based platform in Houston, Texas and product support from Riverside, California.
How does U.S. Cash earn revenue?
Licensee pays all expense and travel upfront. Once the system is operating, U.S. Cash will earn from the transactions of all the cards in the system.
Yes, U.S. Cash is now poised and in a position to capture its fair share of the marketplace over the next 5 years. It will do so by maintaining the highest quality products at fair market value while providing the ultimate in customer service.
U.S. Cash WorldCard will become the stored value product label of choice around the globe.
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