PacBlue Holdings

Retail Pay-Day Express

THE RETAIL PAYMENT SYSTEMS WERE FOUNDED IN LATE 1996 BY LINDEN (LIN) FELLERMAN.

AN ENTREPRENEUR WITH OVER 20 YEARS OF EXPERIENCE IN TRANSACTION PROCESSING, RISK MANAGEMENT AND COLLECTIONS.

FELLERMAN IS NATIONALLY RECOGNIZED AS ONE OF THE LEADING CHECK SERVICES RISK MANAGEMENT EXPERTS.

AS PRESIDENT OF TELECREDIT SERVICE CORP AND THEN EQUIFAX CHECK SERVICES, (RE-NAMED CERTEGY CHECK SERVICES), HE HELPED DEVELOP MANY OF THE PROPRIETARY ALGORITHMS USED NATIONWIDE TODAY.

WEB BASED ACH PROCESSING– WEB BASED REMOTE DEPOSIT CAPTURE

(CHECK 21)• PREPAID DEBIT CARDS • COMING SOON-SELF STANDING CHECK

CASHING KIOSK (WITH GUARANTEE)

RETAIL PAYDAY EXPRESS

WHAT IS IT?

RETAIL PAYDAY EXPRESS

HOLD CHECK FOR RETAILERS, BUSINESS PROFESSIONALS, MOTOR VEHICLE DEALERS, CONTRACTORS AND MORE…

RETAIL “PAYDAY” FEATURE

• 90 DAYS SAME AS CASH

• TAKE 2-4 CHECKS FOR AMOUNT OF PURCHASE AND LET CONSUMER S-T-R-E-T-C-H OUT THE PAYMENTS FOR UP TO 90 DAYS

• CHECKS ARE COMPLETELY GUARANTEED TO THE MERCHANT.

RETAIL PAYDAY OPTIONS

• STANDARD RETAIL PAYDAY

• RETAIL PAYDAY EXPRESS

• RETAIL PAYDAY EXPRESS PLUS

STANDARDRETAIL PAYDAY

• MERCHANT TAKES FOUR (4) CHECKS

• DEPOSITS CHECKS INTO BANK ON AGREED UPON DATES

• IF CHECK COMES BACK FOR ANY REASON MERCHANT IS PAID WITHIN 14 DAYS

RETAIL PAYDAY EXPRESS• OFFERS SAME ‘90 DAY SAME

AS CASH’ CONVENIENCE

• WE AUTOMATICALLY DEBIT THE CONSUMER’S BANK ACCOUNT AT 30, 60,90 DAYS FROM ORIGINAL DATE

• SEND FUNDS DIRECTLY TO MERCHANT’S BANK ACCOUNT-ELECTRONICALLY!

RETAIL PAYDAY EXPRESS• NO MORE TRIPS TO THE

BANK TO DEPOSIT THE CHECKS

• NO MORE BAD CHECK SERVICE CHARGES FROM BANK

• NO MORE MAILING PHYSICAL CHECK TO US FOR REIMBURSEMENT.

RETAIL PAYDAY EXPRESS PLUS

• NO OTHER COMPANY PROVIDES SERVICE

• SAME ‘90 DAYS SAME AS CASH’ OPTION FOR CUSTOMER

• MERCHANT IS PAID IN ADVANCE.

• CONSUMER HAS ACCOUNT DEBITED OVER THE 90 DAY PERIOD

.

RETAIL PAYDAY

RETAIL ‘PAYDAY’ TARGET MARKET

RETAIL ‘PAYDAY’ TARGET MARKET• ANY HOMEOWNER BASED PURCHASE,

- DRAPERIES, CARPETING, FLOORING, AIR CONDITIONING, PLUMBING, ROOFING ETC.

• AUTOMOTIVE REPAIR

– TIRES, BRAKES, TRANSMISSION, ETC.

• EMERGENCY SERVICES

– VETERINARY CLINICS

– DOCTORS, DENTISTS

• COMPUTERS

• FURNITURE STORES

• SPORTING GOODS AND ASSOCIATED PRODUCTS

– CAMPING GEAR

– SKI AND SNOW BOARD SUPPLIES

– GOLFING GEAR

WHY ARE MERCHANTS EXCITED?

• ALTERNATIVE TO EXISTING FINANCING OPTIONS THAT ARE EXPERIENCING HIGHER THAN NORMAL DECLINES

• NO CREDIT APPLICATIONS

• NO FINANCE CHARGES TO CUSTOMER, BUT MERCHANT CAN CHARGE A SERVICE FEE OUTSIDE OF CONTRACT IF THEY SO CHOOSE

WHY ARE MERCHANTS EXCITED?• DESIGNED TO GENERATE

MORE SALES FROM CUSTOMERS THAT OTHERWISE MAY NOT AFFORD THE PRODUCT OR SERVICE

• IN THIS ECONOMY EVERY SALE IS EXTREMELY PRECIOUS

WHY ARE MERCHANTS EXCITED?

• DESIGNED TO GIVE OPTIONS TO CONSUMERS IN DIRE SITUATIONS

• CREATES A WIN/WIN FOR MERCHANTS AND CUSTOMERS

• TURNS A NO INTO A YES FOR MERCHANTS THAT OTHERWISE WOULD NOT HAVE ANOTHER OPTION

HOW DOES IT WORK

1. CUSTOMER WRITES 4 CHECKS FOR UP TO $1500

2. FIRST CHECK MUST EQUAL 1/3 OF THE AMOUNT OF PURCHASE

3. ALL CHECKS ARE DATED FOR TODAY

4. NO POST DATED CHECKS ARE ALLOWED

HOW DOES IT WORK?5. MERCHANT AND CUSTOMER

FILL OUT AND SIGN RETAIL PAYDAY SECURITY AGREEMENT

6. MERCHANT CALLS SPS FOR APPROVAL

7. UPON APPROVAL MERCHANT PUTS CHECKS AND SECURITY AGREEMENT THROUGH IMAGER

HOW DOES IT WORK?

• ONCE COMPLETE CUSTOMER GETS DEBITED 30, 60, 90 DAYS FROM DATE

• MERCHANT IS PAID IN ABOUT 2-3 BUSINESS DAYS

IMPORTANT POINTS• THIS WILL OPEN DOORS FOR

CUSTOMERS THAT OTHERWISE WOULD NOT GIVE YOU THE TIME OF DAY.

• THIS IS NOT MAGIC…THERE WILL BE SOME CONSUMER TURNDOWNS

• APPROVALS MAY FOR MOST CONSUMERS BE IN THE RANGE OF AROUND 70+% THAT CAN NOT QUALIFY FOR FINANCING THROUGH CONVENTIONAL CREDIT SOURCES.

IMPORTANT POINTS• $1,500 UPFRONT IS THE

MAXIMUM WE FUND PER TRANSACTION , BUT WE DO MAKE EXCEPTIONS ON CERTAIN MERCHANTS, SO DO NOT HESITATE TO ASK.

• DISCRETIONARY PURCHASES I.E. JEWELRY, ELECTRONICS, CLOTHING, AND THINGS THAT ARE BASED ON WANT OTHER THAN NEED WILL NOT BE

APPROVED.