There is much more to paper payments than you might think…

Market researchers estimate the cost of issuing paper checks to be nearly $10 per check. Contrast that with the roughly $1 per transaction for electronic payments (ACH). Labor costs comprise the largest expense incurred from in-house payment operations. But there are also costs for materials like printers and envelope stuffing and sealing machines; postage; and supplies, including highly secure check stock, MICR toner, and envelopes. Businesses will also pay bank fees and incremental charges for fraud protection, such as positive pay, check reconciliation services, and retrieval of transaction history and check images.

Go Paperless! Here’s why:

ADMINISTRATORS

Features:

  • Card Can be Loaded Right in Your Office
  • Able to Reverse Funds on Cards
  • 24/7 Online Tracking of Cards
  • Online Monitoring of All Transactions
  • Eliminates Check Writing
  • Eliminates Trips to the Bank
  • Eliminates Lost or Stolen Cards
  • Unlimited Debit Card Loads
  • Eliminates Mailing Time and Postage

Benefits:

  • Able to Track Spending on All Cards
  • 24/7 Access to All Card Account Information
  • Protects Your Financial Information
  • Saves You Time and Money
  • Instant Access to Funds
  • Lost Cards Can be Easily Replaced
  • Able to Load or Reverse Funds 24/7
  • Eliminates Trips to Bank and Post Office

CARD HOLDERS

Features:

  • Eliminates Check Cashing
  • Eliminates Mail Transit
  • Eliminates Lost or Stolen Checks
  • Easy Access to All Card Information
  • Lost Cards Easily Replaced
  • 24/7 Online Tracking of Purchases & Deposits
  • Can Check Card Balance Online
  • Cards Can Be Used Anywhere

Benefits:

  • No Trips to Bank or Post Office
  • Online Tracking of Transactions and Balances
  • Protects Your Personal Information
  • Saves You Time and Money
  • Instant Access to Funds
  • Lost or Stolen Cards Replaced Easily
  • Option of Personalized or Non-Personalized Card

Important Information about Procedures for Opening a Prepaid Account with Rapid Financial Solutions: To help the government fight the funding of terrorism and money laundering activities, Federal Law, under the Patriot Act, requires all financial institutions or entities sponsored by financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents and use resources such as credit bureaus or other means to verify this identity information.


 

© COPYRIGHT RAPID FINANCIAL SOLUTIONS. ALL RIGHTS RESERVED. THIS CARD IS ISSUED BY CACHE VALLEY BANK OR AXIOM BANK N.A. PURSUANT TO A LICENSE BY MASTERCARD INTERNATIONAL INCORPORATED. RAPID INVESTMENTS IS A REGISTERED MSP OF CACHE VALLEY BANK AND AXIOM BANK N.A. MASTERCARD IS A REGISTERED TRADEMARK OF MASTERCARD INTERNATIONAL INCORPORATED. CACHE VALLEY BANK AND AXIOM BANK N.A. IS A MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION (“FDIC”) AND ALL CARDHOLDERS FUNDS ARE INSURED BY THE FDIC IN ACCORDANCE WITH THE FDIC’S APPLICABLE TERMS AND CONDITIONS.