Stephen White
Newport Beach, CA (USA)
Role(s):
Universal Enterprises
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Startup
Location:
Newport Beach
Industry:
Finance
Year Founded:
2006
Number Employees:
INVALID
Description:
We have created a niche market in the pre-paid debit card and loan arena, Stored-value card technology is not new. It is stored-value that has powered phone cards, gift cards and other pre-paid cards for 10 years now. The number of new opportunities to use stored-value cards is rapidly increasing as retailers and service providers adopt this no-risk form of payment.
One such new opportunity is the stored-value debit card. This newest stored-value vehicle is the most versatile, thanks to its inherent capability to retrieve cash at ATMs and make purchases at point of sale (POS). One particular application of the stored-value debit card is the PayOut and payroll debit card.