- More than 38 million employees are paid by check
- Many use expensive check-cashing agencies and/or bank accounts
- An excess of 10 million U.S. employees transfer money to relatives internationally, primarily through Western Union or MoneyGram at $15 to $40 per transfer
- An estimated 35 million employees transfer funds to a family member for household use: groceries, household goods, etc.
- At least 90 million potential opportunities for prepaid debit cards in the United States alone
- An estimated 10 million college students are funded at least partially by parental contribution
- Roughly 40 percent of Americans cannot take advantage of direct deposit to receive paychecks
- An estimated 50 million U.S. adults do not possess credit cards
- 10 million households in the United States do not participate in the mainstream banking system
Clearly it's time for a payroll and money management program that can help those that are "unbanked" and credit-challenged, as well as those who do have bank accounts. FlexiPay is the next leap forward in payment delivery. It’s more than just a payroll card, offering a full-featured debit card, the ability to transfer funds, and a “split pay” function that enables easy management of allowances, college expenses, and other family finance options. Best of all, FlexiPay provides benefits for unbanked and credit challenged employees as well as those who already have bank accounts and/or credit cards. FlexiPay can be used by everyone, including:
- Businesses – travel expenses, payroll, commissions
- Families – allowances, international fund transfers
- Governments – tax refunds, worker’s compensation, child support
- Unbanked consumers – money management, online payments
- Students – college expenses, emergencies













