the access account
DESCRIPTION
The Access Account. Access Account What is it ?. SECURE VISA reputation Regulations compliance (OFAC, KYC, EDD). FUNCTIONAL VISA Prepaid debit card accepted worldwide. SECURE Cards processed by GTP (only VISA certified/authorize processor outside the USA). PRACTICAL - PowerPoint PPT PresentationTRANSCRIPT
The Access AccountThe Access Account
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SECURESECUREVISA reputationVISA reputation
Regulations Regulations compliance (OFAC, compliance (OFAC,
KYC, EDD)KYC, EDD)
FUNCTIONALFUNCTIONALVISA Prepaid debit VISA Prepaid debit
card accepted card accepted worldwideworldwide
eCHECKeCHECKCan be requested Can be requested
from any PC at from any PC at home or at the home or at the
office worldwideoffice worldwide
INNOVATIVEINNOVATIVEA Prepaid VISAA Prepaid VISA
Card Card PLUSPLUSElectronic andElectronic andPhysical CheckPhysical Check
Access AccountAccess AccountWhat is itWhat is it??
PRACTICALPRACTICALCash withdrawal Cash withdrawal
through through ATMATM worldwide network worldwide network 24 hours each day24 hours each day
PRACTICALPRACTICALPurchases via Purchases via worldwide POS worldwide POS
network 24 hours network 24 hours every dayevery day
PRACTICALPRACTICALCan be used for Can be used for
purchases through purchases through the INTERNETthe INTERNET
PRACTICALPRACTICALCard to Card Card to Card
transfer of funds transfer of funds WorldwideWorldwide
SECURESECURECards processed by Cards processed by
GTP (only VISA GTP (only VISA certified/authorize certified/authorize processor outside processor outside
the USA)the USA)
eCHECKeCHECKPayable in US$ Payable in US$
through a US bank through a US bank once it is once it is
authorizedauthorized
SECURESECURECardholder must Cardholder must
use a PIN (Personal use a PIN (Personal Identification Identification
Number) known Number) known only by him/heronly by him/her
PHYSICAL PHYSICAL CHECKCHECK
Available to all Available to all account holders account holders who request itwho request it
INNOVATIVEINNOVATIVEAllows user accessAllows user access
to USA Bankingto USA BankingSystemSystem
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The Access AccountThe Access AccountComplementary FeaturesFeatures
Real time crediting and debiting of deposits and purchases to mitigate risk
On line complete transaction history and a detailed activity report Access to financial networks: STAR, Pulse, Cirrus, Maestro
Loaded using online & over-the-counter banking (local bank branches), selected POS, wire transfer
The ability to direct deposit cardholder’s funds to their account Telephone access capabilities (IVR)
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One-stop management for Enrollment Registration and activation of cardholders Activation, loading and reloading
Customer satisfaction Customers can load funds at Bank’s branches Bank act as local customer service center Retains customer loyalty
Cost reductions Easy on-line changes to customer’s profile Single infrastructure to manage & control Free any-time reports on-line
The Access AccountThe Access AccountBank is in controlBank is in control
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The Access AccountThe Access AccountRequirementsRequirements
Through a controlled website and with a private password, it is possible to enter consumer information to activate, load, and reload the Cards
Cardholder must fill out an application with personal data• Name and birthday
• Second name – for security purposes
• Valid Photo ID (passport, license, etc.)
• Address Customer/Bank must send application to Processor
• By Fax or Email
• Including copy of the photo ID
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The Access AccountThe Access AccountComparison AnalysisComparison Analysis
PayableThrough
Transactionsvia Teller only
Check BookAvailable
Payment ofBills
Access toUS Banking
AccessAccount
Access toUS Banking
Payment ofBills
eCheckcapability
Worldwide ATM& POS access
DemandsMinimum Bal.
NO minimumBalance req’d
Cost of US$38per month
US$15/monthmaintenance
Limited No.of Branches
Cash ($$) withdrawalsPurchasesEvery dayWorldwide
Or minimumBalance
plus PhysicalChecks
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The Access AccountThe Access AccountPrice ComparisonPrice Comparison
PAYABLE THROUGHPAYABLE THROUGH ACCESS ACCOUNTACCESS ACCOUNT
Costs US$ Costs US$
Monthly Maintenance 38.00 Monthly Maintenance 15.00
Checks & Checkbooks Checks & Checkbooks
Checkbook (25 checks) 19.00 Checkbook (25 checks) 7.50
Cost per transaction 1.19 Cost per transaction 0.85
NSF Check 32.00 NSF Check 32.00
Stop Payment 15.00 Stop Payment 15.00
MRB (Minimum Required Balance)
350,000.00 MRB (Minimum Required Balance) 500,000.00
Minimum monthly charge 6,000.00 Cost per account-one time (includes use of debit card/checks). Reduced to $25.00/account in 2nd year
75.00
Access to System (monthly) 300.00 Access to System-24/7/365 No Charge
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Launching of our first version of theLaunching of our first version of the Access Account, including echeck Access Account, including echeck and physical check capabilityand physical check capability
Increase functionality of eChecks Increase functionality of eChecks and physical checks to meet and physical checks to meet customers’ growing demandscustomers’ growing demands
Add new features to the Access Add new features to the Access Account based on customers’ Account based on customers’ requests and experiencerequests and experience
The Access AccountThe Access AccountPlanningPlanning
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Writing Checks with the Writing Checks with the Access AccountAccess Account
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The Access AccountThe Access AccountWriting an eCheckWriting an eCheck
Step One: How to write a check (eCheck) Cardholder logon to the processor web site Cardholder selects “Write Check” from menu An interactive echeck appears with how-to-fill instructions
Step Two: fill information Cardholder completes eCheck, including mailing address for payee and delivery instructions
(standard or overnight) The website checks cardholder’s balance to cover eCheck + fees If there is not enough funds in cardholder’s account, cardholder is advised and encouraged to load
funds and reinitiate transaction
Step Two: issuing/mailing the check If enough funds, cardholder is advised that eCheck is being issued Website initiates a C2C transfer from cardholder’s account to a processor’s
account set up for this purpose Processor produce and mail the check. Checks are written against a
processor’s bank account, established for this purpose
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The Access AccountThe Access AccountInformation on Check
Header Line 1 Header Line 2
AMERICAN BANK AND TRUST ONE WARREN DRIVE
TULSA, OK 80906
Global Client Solutions, LLC DISBURSEMENT ACCOUNT 3500NW 85th Ave
Miami, FL 12345-678
Name of PayorIssuing Company/Person will change
Bank will changeHeader 1 (may be another Bank name)Header 2 (“AS PAYABLE THROUGH”)
Bank NameBank Address Line 1Bank City, State, Zip
Check NumberUnique Identifier for Check.
Payment of Draft ID
Check Amount
Check No. in MICR code
Name of PayeeAddress Line 1Address Line 2City, State, Zip Code
Routing Number MICR
Bank Account Check Amount
DRC Client IDMemo Line 1Memo Line 2Memo Line 3
Red Text is generated by processor for each run Green Text is generated by processor for each check Blue Text is created by check printing software from passed in information
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The Access AccountThe Access AccountEnvelope for eCheckheck
The check will be placed in two window envelopes, as indicated below
Window for “FROM” Address
Global Client Solutions, LLC3500NW 85th AveMiami, FL 12345-678
GE Financial ServicesPO Box 12345Atlanta, GA 12345-5678
Window for “TO” Address
Issuing Company or Person will decide which name to
use here
Name of PayeeAddress Line 1Address Line 2City, State, Zip Code
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The Access AccountThe Access AccountWriting a Physical CheckWriting a Physical Check
How to write a physical check Customer writes a check from his/her checkbook Customer sends check to beneficiary Customer must register the check on the bank’s web site
Compensation Process Beneficiary receives check and proceeds to use it Check goes to payee bank American Bank & Trust (ABT) Payee bank American Bank & Trust (ABT) process the document
Final Process ABT proceeds to pay the check inmediately if a) there is sufficient funds
available and b) the check has been registered in the bank’s web site If the check has not been registered, ABT needs to send an electronic
image of the check to the bank requesting authorization to pay All reports are upadted for both bank and customer to review
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The Access Account The Access Account Pre-Paid Debit CardPre-Paid Debit Card
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The Access AccountThe Access AccountGeneral FlowGeneral Flow
CLIENTCLIENT
BANKBANK
GTP VISAGTP VISA(PROCESSOR)
Fills application and delivers with copy of required documents (passport or other)
Verifies information, sends to processor.Opens settlement account w/processor
Receives information creates and register cards/accounts in its System
Receives/Activates card. Can verify his activities through Internet or IVR
Establish withdraw limits for its clients•POS * ATM•Checks•Transfers
Cardholder withdraws vía ATM, purchase via PoS/Internet and write echeck or pchecks
Sub-Account
Transactions are verified approved and register by issuing bank/processor.
Reports are updated
Sends cards to Bank or directly to card
holders
Credits funds to settlement account; from this account transfer funds to sub-accounts as required by bank
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The Access AccountThe Access AccountExample of SettlementExample of Settlement
Bank assignsBank assigns$1,000 to$1,000 to
each clienteach client
Client$1,000
Client$1,000
Client$1,000
Client$1,000
No minimum balance. No “o/n”
Funds must be available in each client’s account before use
Easy to manage (on line)
Instantaneous funds transfer
SettlementSettlementAccount withAccount with
ProcessorProcessorTransfer $4,000
Issuing Bank
Global Technology PartnersGlobal Technology Partners
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Global Technology PartnersGlobal Technology Partners
Global Technology Partners (GTP) is owned and operated by Global Technology Partners (GTP) is owned and operated by founders of FSV Payment Systems, a leading stored value founders of FSV Payment Systems, a leading stored value processor in the United Statesprocessor in the United States
GTP is a VISA certified processor focused on providing GTP is a VISA certified processor focused on providing stored value prepaid debit card services throughout Latin stored value prepaid debit card services throughout Latin AmericaAmerica
GTP operates a secure, real-time, regulatory compliant GTP operates a secure, real-time, regulatory compliant processing platform located in Panama that utilizes state-of-processing platform located in Panama that utilizes state-of-the-art technologythe-art technology
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GTP Network DiagramGTP Network Diagram
The Access AccountThe Access AccountContact InformationContact Information
Lincoln I. Smithemail:
Cel. 305 776 0566
Carlos R. Parejaemail:
Cel. 305 632 2241