Jerome Uffner, recently the head of Atlanta-based FirstView Financial, specialized in providing electronic money transfer services. While previously serving as director of retail card products at Link Systems, Jerome Uffner helped introduce the electronic funds-distribution platform CashLynks, a platform that expands the availability of direct deposit.
Not everyone who is offered direct deposit accepts it. Some employees decide not to belong to a bank because of unpleasant experiences, while others refrain from opening checking accounts because of a poor credit history.
CashLynks combines the benefits of direct deposit and debit cards, reducing payroll costs to employers and preventing the possible loss of paychecks. Businesses can also use it to handle cash advances, bonuses, and reimbursements. Those with CashLynks cards can use them to withdraw money from most ATMs, place long distance calls, and make point-of-sale purchases.
For these transactions, cardholders pay convenience and other fees, which are smaller than those charged by financial institutions and check-cashing operations. There is no time limit for keeping funds in CashLynks accounts.
The system resides on the Web, saving companies the expense of purchasing software. Clients access a secure website to load money, see transaction reports and balances, and order new cards.
Not everyone who is offered direct deposit accepts it. Some employees decide not to belong to a bank because of unpleasant experiences, while others refrain from opening checking accounts because of a poor credit history.
CashLynks combines the benefits of direct deposit and debit cards, reducing payroll costs to employers and preventing the possible loss of paychecks. Businesses can also use it to handle cash advances, bonuses, and reimbursements. Those with CashLynks cards can use them to withdraw money from most ATMs, place long distance calls, and make point-of-sale purchases.
For these transactions, cardholders pay convenience and other fees, which are smaller than those charged by financial institutions and check-cashing operations. There is no time limit for keeping funds in CashLynks accounts.
The system resides on the Web, saving companies the expense of purchasing software. Clients access a secure website to load money, see transaction reports and balances, and order new cards.
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