570-966-1808
DISCLAIMER
This is NOT an official USPS website. We are a group of business people proposing that Basic Banking services be delivered by the USPS throughout America to provide 150 million* Americans access to basic financial services who have been disenfranchised by main stream banks. And that they should not and will not be treated as second class citizens, forced to use prepaid cards, simply because of income, race and where they live.
About Us
The ATM reinvented!
This is THE paradigm shift in the evolution of Financial Services.
Bridging the gap between Alternative Financial Services (check cashers and prepaid cards) and main stream banking in America!
The high tech proprietary terminal and the Debit Bank Account's checkless checking are the answers!
Finally... a bank product to include everyone in America banked, unbanked, underbanked, debanked, new immigrant, no bank history, poor bank history, no FICO score, etc... WITHOUT a Credit Check.
A WIN WIN WIN for everyone!
Our technology KILLS ID & CHECK FRAUD DEAD proactively at the point of entry!
The terminal handles complete background checks thus eliminating criminals and terrorists laundering and transmitting money!
Our forensic KYC enrollment and delivery technology is patented and meets and or exceeds US Treasury rules and regulations for KYC, BSA/AML, Check 21, RDC, Reg e, etc... as well as EMV chip!
And satisfies new CFPB rules.
The experts believe the high tech proprietary terminal with "instant issue" DebitBankAccount will change banking in America.
Our high tech proprietary terminal delivers a product and management tool to service BOTH the banked market and untapped non-traditional unbanked market while offering the customer a simple bank product they understand and can use. Or as the FDIC said, "banking 101".
Checks / Cash deposited and Cash withdrawn via POS or ATM's.
No paper checks, no check book to balance, no credit cards, no paperwork.
What a "Game Changer" the high tech proprietary terminal is...but don't take our word for it...
- FDIC: It is banking 101.
- ATMIA: It is the ATM reinvented!
- BAI: These guys are the Thomas Edison of banking.
- JP Morgan: Definitely a game changer in American banking.
- Chase Bank: Well done! Simply amazing!
Are Prepaid Cards the Answer?
Let's face facts; prepaid cards are NOT getting the job done!
Study after study, the most recent US Federal Reserve Bank Study, Aug 2013, show prepaid cards to be a DISMAL FAILURE with a life span of 2 to 6 months!
PROOF that prepaid cards are a failure? The FDIC Study Oct '14* reports that 150 million people are still classified as unbanked or underbanked.
Need further PROOF?
Prepaid cards have been available since the year 2000. Over the last 15 years the ”Bank Challenged” (unbanked / underbanked) market has continued to grow. From 42 million in 2000 to 150 million in 2014 despite prepaid cards being available…
40% of Green Dots customers are REPEAT customers who have discarded their prepaid cards!
PROVING that prepaid cards FAIL to deliver loyalty or retention among users.
While Bank Accounts with Debit Cards have a life span of 8-10 years (BAI Study).
*FDIC Study 2010 recommends development and delivery of a "checkless checking account".
EXACTLY what our high tech proprietary terminal delivers, the DebitBankAccount, a "checkless checking account"!
No paper check required with Virtual Checking, our answer to the Money Order.
Check Cashing and Prepaid Cards a National Security RISK!
Today 24% of the 150 million* unbanked/underbanked population (150x24%=36 million) use 115,000 national grocery store chains to cash checks WITHOUT any type of technology in place to ELIMINATE money laundering or criminal/terrorist screening.
(*recent FDIC Study, 2014)
8% of the ”Bank Challenged” (unbanked / underbanked) use check cashers (150x8%=12 million) whom also lack the technology to properly vet the unknown ”Bank Challenged” (unbanked / underbanked) customer.
A large percentage of this money being further laundered on prepaid cards.
There have been many articles written by retired FBI agents.
ULTIMATELY 48 million 3rd party checks end up at a bank for processing Monday morning WITH ALL PARTIES FAILING to comply with any US Treasury Patriot Act Know Your Customer (KYC) rules and regulations.
FURTHER CFPB now mandates that banks will be responsible for their vendors ie grocery stores and check cashers!
The high tech proprietary terminal: Made in America. Proven in America. Adopted World Wide
Our forensic KYC enrollment and delivery technology is patented and meets and or exceeds US Treasury rules and regulations for KYC, BSA/AML, Check 21, RDC, Reg e, etc... as well as EMV chip!
Our core platform processes more claims for the U.S. government than any other platform and provides services to several Fortune 500 companies.
And is stress tested quarterly and processes over 1,000 transactions per second.
The core debit platform processes over 2 million Master Cards in Europe.
And provides the Spanish Post Office with financial services. Read more…
How much longer will it be until terrorists break through this gaping hole in security again?
Certified for VISA, MC, AMEX, Discover and STAR networks.
Terminal Technology Registered:
- USPTO
- US, CDN governments & NATO
- Dept of Homeland Security (DHS)/FEMA
- US/CDN Joint Certification Office Defense Logistics Information Service
Thank you for your interest in our high tech proprietary terminal and the DebitBankAccount "checkless checking account".