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| About Us |
Direct World Convenience Card Inc has provided financial services to a wide range of clients over the past 20 years. The company has a strong client base. The company plans to build from its client base and promote to their employers the Direct World Prepaid MasterCard card for use in distribution of Payroll and Business Expenses. |
| Trends in the Industry |
The advent of the stored-value card technology has brought about changes in financial transactions where money in the form of cash is easily substituted by the prepaid card. The technology leads to the opportunity of providing card services to a wide population. |
| Workers and employers can benefit from the use of payroll cards by having the cards as a tool to reduce costs with added convenience. Convenience to the employer is important under a number of situations where the employee needs cash from his pay check or requires expense allocation to live away from home. Money is easily accessed at an ATM or services can be paid for via Point of Sale (POS) machine. Other benefits are as follows: |
| Employer Benefits | ||||||||||||
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Employee Benefits |
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| Direct World Convenience Card provides financial flexibility along with the tradition of high quality and professional service to employers and employees. | ||||||||||||
| Mission | ||||||||||||
To be the finest and foremost distributor of payroll convenience cards in North America. |
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Opportunity |
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Direct World Convenience Card Inc has, through its experience in serving the financial needs of thousands of clients, developed a financial opportunity that combines the benefits of smart card technology and convenience with the power of the internet. This opportunity will save money for both the employer and the employee and will provide added flexibility and convenience. The service simplifies the payroll distribution for employers and provides secure, safe and immediate access to cash for employee's. The service allows the employees net pay to be attached to the Direct World Convenience Card every pay period. The novel features of these services, in addition to the access to immediate cash, is the additional services such as bill payments, internet statements and additional card availability. Direct World will also provide employers and employees with an easy transition to sign up new members in a fast, efficient and effective manner by using innovative systems and knowlegeable staff. |
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| Executive Summary | ||||||||||||
The convenience card industry is growing at a rapid rate. There are considerable opportunities to capitalize on in delivering effective and efficient financial services to the workforce. The objective is to market and develop a state of the art convenience card distribution system whereby employers and employees can enjoy cost savings through an easy to use card. The initial business will focus on North American Based Companies with employees working in remote locations and existing Direct World customers. Direct World Convenience Card Inc proposes to launch a new financial service through the use of payroll cards from the existing customer and client base. The development and acceptance of Stored Value Cards has led to the need for programs to assist employees and employers to reduce charges related to their financial transactions. Direct World Convenience Card addresses the needs of employees and employers by providing high quality financial services where their money is safe, secure and readily available 24 hours a day, 7 days a week. The payroll card program offers complete flexibility to the employer's needs and enables employees to access their net payroll from a number of sources. |
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