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Thank you for your interest in the Comdata MasterCard Paycard. Let’s begin by answering
the question, “What is a paycard?” Comdata Paycard is MasterCard branded prepaid card.
It provides instant and automated funding solutions for electronically distributing
payments to employees. As we will explore in the following slides, the Comdata Paycard
has many uses and benefits for both companies and their employees. So how does the Comdata
Paycard benefit your company? First, it reduces the expenses and manual processes associated
with paper checks. According to the American Payroll Association, the average employer
cost to produce a paper check is $4.40. The paycard can provide real bottom-line savings
for your company. Next, you can pay your employees with a Comdata Paycard using your existing
payroll process. Each employee enrolled in the paycard program is assigned a unique nine-digit
cardholder reference number which serves as their virtual bank account on the Comdata
system. With this account number and Comdata’s ABA routing number, you can pay any employee
to their paycard using your existing ACH direct deposit process. The unique cardholder reference
number never changes as long as the cardholder is employed at your company. This enables
a one-time employee setup in your system. Even if the employee loses the card, there
is no need for a change in your back office system. A replacement card may be quickly
and easily assigned to an employee in the Comdata web portal, and the employee has instant
access to the funds on their cardholder account. You may keep a stock of instant issue cards
at your corporate locations for new hire, termination or card replacement. The instant
issue cards are fully functioning and may be used by the employee as long as necessary.
However, a personalized card with the employee name and boss may be mailed directly to the
employee home address or to the corporate location for distribution. The Comdata paycard
also provides the convenience of real-time loading and retraction of funds via the Comdata
web portal. This is perfect for employee termination pay, corrections, or prepaid applications
such as per diem. In addition to the many company benefits, there are significant benefits
to your employees. With the Comdata Paycard, the first transaction each pay period is completely
free. This means that each time the employee is paid, they have the option of using their
first free transaction to obtain 100% of their pay with no fee. The cardholder may simply
present their paycard to the teller at more than 25,000 MasterCard affiliated bank branches
and cash out their card to the penny with no fee from the bank. However, the most convenient
and secure way to use the paycard is for purchases. There are two ways your employees may make
purchases using the Comdata Paycard. The first is by selecting the credit button at the point-of-sale
and simply signing the receipt. This type of purchase is called a signature transaction
and allows the card to be used with no fee at restaurants, hotels, retail stores, and
for online purchases, as well as paying bills. The second type of purchase is made by selecting
the debit button and entering the personal identification number or PIN. This transaction
also allows the convenience of obtaining cash back at the point-of-sale at retail locations
such as grocery stores and gas stations. Finally, cardholders may access their transaction history
and account information by phone or web anytime for free. Additionally, Comdata provides live,
multi-lingual customer service to cardholders 24/7, 365, again at no fee. Next, let’s
take a look at the company behind the Comdata Paycard. Comdata serves more than 2500 clients
and processes transactions that touch every part of the economy. We were founded in 1969
and are headquartered in Brentwood, TN. We issue our own proprietary cards and process
transactions on our in-house platform. We enable over $23,000,000,000 in transactions
each year, and we are the third largest MasterCard commercial card provider. We own and operate
our customer call centers, which manage over 1.4 million calls each month. Finally, we
apply state of the art technology and redundancy to provide reliable and secure service to
our customers. So, why have thousands of companies chosen Comdata as their paycard provider?
Let’s explore 4 key areas that differentiate the paycard: flexibility, security, cardholder
convenience and service. Because each of our customers has unique needs, our card programs
provide a great deal of flexibility. We offer flexible card load options and the ability
to distribute instant issue cards from your customer site. In addition to payroll cards,
we can provide prepaid solutions for employee incentives, customer rewards or corporate
spending. Our customers and cardholders have extra confidence know that their transaction
data and funds are secure at Comdata. We provide a secure card activation process. The cards
have no value until their assigned, loaded and activated. Also, cardholders have secure
access to their transaction history over the phone and the web. Cardholders benefit from
immediate access to funds on payday with no waiting in line or cost to cash their check.
Whether cashing out to the penny at any MasterCard bank branch, or making purchases at millions
of MasterCard acceptance locations, our cardholders enjoy the convenience of increased buying
power using the Comdata Paycard. With 42 years’ experience specializing in business payment
solutions, our service is second to none. We provide our customers a dedicated implementation
and support team to ensure the success of their program. Our in house multilingual customer
service team is here to help cardholders with outstanding service 24/7, 365. In closing,
let’s review the Comdata customer value proposition. Comdata Prepaid Solutions offer
flexible card options that can lower company expenses while providing enhanced employee
convenience. Our customizable programs provide real-time controls, a paperless environment,
detailed reporting, and multiple options for cardholder fund access. At the center of everything
we do at Comdata is our people, and for our people, the customer is the focus. We strive
to be easy to do business with and our tenured associates provide program implementation
expertise for every customer roll out. All of our product innovation is driven by the
voice of the customer. Whether your needs are for payroll, employee incentives, customer
rewards or corporate spending, we have flexible solution just for you. From our 42 years of
experience, we have gleaned best practices and have designed process to better meet our
customer’s needs. Our programs are cost-effective for both the employer and employee and they
integrate easily with our customer’s existing systems. Thanks for your time today. We’d
love to speak with you further about how paycards can benefit your organization. For more information
on the Comdata MasterCard Paycard, please contact at paycard@comdata.com or visit us
online at www.comdata.com.