Money Network -

Payroll Distribution Services

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copy or use any part of these materials for any purpose without the express written consent of First Data Corporation.

Presented to:

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Agenda

• Bank of America Merchant Services Overview

• Money Network Overview

• Employer and Employee Benefits

• The Payroll Distribution Services – Pay Card and Money Network Check

• Compliance

• Employee Access to Funds

• Enrollment and Funding Options

• Paystub Portal

• Q & A

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Industry-leading

Products

380,000*

Merchant

Relationships

Expansive

Geographic

Footprint

12.9 Billion*

Transactions

Annually

World-class

Technology

Solutions

A Powerful Partnership

* Data projected based on prior transaction processing history of each entity.

Geographic Footprint - 6,000+

Banking Centers

Brand Strength

Client Relationships

Best-in-Class Sales & Customer Support

Broad and Most Innovative

Product Portfolio

Leading Technology Platforms

Client Relationships

Best-in-Class Sales & Customer Support

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• Reduces payroll expenses

• Allows you to achieve 100% electronic pay

• Improves payroll security and control

Bank of America Merchant Services’ Prepaid Market Suite

Directed

Gift Giving

Consumer Need

Open Loop

Gift Cards

Closed Loop

Gift Cards

Multi-Purse

Gift Cards

Paycards & Money

Network™ ChecksGeneral Purpose

Reloadable Cards

Flexible

Gift Giving

Spending &

ConvenienceRewards

Payroll Direct

Deposit

Bank Account

Alternatives

Spending

CardsLoyalty

Cards

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Large “Underbanked” Market Looking

for Alternatives

•CFSI – Underbanked Consumer Study 2008

** Mercator Advisory Group, Inc. 2008

51.5M – 24%

54.9M – 25%

Underbanked Percentage of U.S. Adult Population*

(Numbers in Billions)

The use of Payroll Cards is expanding as companies look to migrate to

paperless pay in order to save costs associated with issuing paper checks

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Money NetworkTM History

Money Network™ became

the payroll distribution

services arm of

Concord EFS

2001

Concord EFS first to

market with payroll

distribution services

for the transportation

industry

1994

Wal-Mart signed

agreement to cash

Money Network

Checks free of

charge

2005 2006 2009

First Data acquired

majority ownership of

Money Network™

2002

100 Money

Network™ service

employer clients

2004

500,000

Money Network

Cards issued

Reached $1billion

in payroll Deposits

More than ten years of electronic payroll expertise.

2008 2010

Nearly 1 Million

active cards

First Data and Bank of

America form JV Bank of

American Merchant Services

Free Money Network™

Check cashing extended with

agreement with

Rapid Cash® & Speedy

Cash ®

First Data acquired

full ownership of

Money Network™

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Meets Business

Objectives

• Pay to the penny solution with Money NetworkTM Checks

• Maximizes direct deposit participation

Impacts

Administrative

Functions

Positively

• Reduces payroll costs (i.e. printing, distribution, overhead. etc.)

• Streamlines administrative responsibilities

• Reduces administration for escheatment

• Dedicated training and implementation assistance

Provides

Reliability

• Ensures prompt disbursement and access for all employees

• Delivers uninterrupted pay in the event of a disaster

Mitigates Risk • Improves payroll security and control

• Reduced check fraud

Employer Benefits

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Fast • Paycheck goes straight to Money NetworkTM card

Easy • No waiting in line to cash checks

• Can buy virtually anything, anywhere

• Instant access to funds at ATMs

• 24/7 bi-lingual customer support

Now • Employees are automatically approved

• No credit or background checks

Safe • No need to carry large amounts of cash on payday

• Fraud protection is included

Employee Benefits

Free • Free check cashing at participating locations

• Free money transfers

• Surcharge-free ATMs

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What is the Money Network

Payroll Distribution Solution?

Employee choice:

Voluntary direct deposit to the financial institution

of employees choice

-or-

The Money Network™ Service

a) Voluntary Money Network™ Card*

b) The Money Network™ Check: A paper check for full

access to net pay without fees

- Employee generated as desired

- Enables compliance with state payroll check requirements

- Provides “pay to the penny” (100% access) to net pay at no fee

- The Money Network check can be cashed for free in all 50 states

*Use of the card by the employee is optional

Allows you to achieve 100% electronic pay thus reducing the

costs associated with issuing paper checks

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The Bounceless

Money Network™ Check

Employee generated as desired, no employer involvement

Enables compliance with state payroll requirements

Provides “pay to the penny” (100% access) to net pay at no fee

• Paper negotiable document

• Free check cashing at participating locations

• Delivers access to funds if pay card is lost or stolen

• Bill payment tool for the unbanked

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Overcoming Obstacles to

100% Electronic PayMoney Network™ Overcomes Obstacles

Every employee qualifies

Money Network™ Checks – paper

negotiable documents provide immediate

access to all wages via free check cashing

at participating locations

Money Network™ Check and optional Pay

Card enable compliance with state

regulations

REG E compliant stored value

Typical Payroll Obstacles

• Unbanked employees

• State payroll regulations

• Pay-to-the-penny

Money Network™ is committed to payroll compliance.

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Enabling Compliance through

The Money Network™ Service

• The Solution: Money Network provides a payroll distribution service which is

comprised of a check – the Money Network™ Check and an optional paycard

• Warranty of the Money Network™Check:

- Check is a negotiable instrument: The Money Network Check, when properly completed and authorized,

is a negotiable instrument under the Uniform Commercial Code as in effect in each of the 50 states

- The Money Network Solution currently complies with state payroll laws in all 50 states, through the use

of the MN check option

• A majority of states require an option for a payroll check. Our check component

enables compliance with such requirement

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Employee Access To Funds Money Network Check

•“Pay to the Penny” = 100% access

• Paper Negotiable Document

• Self Issued “bounce-less” pay check

• Access to funds without the card

•Can be used to pay bills instead

ATM

• Accepted at all ATM’s

• 37,000 plus surcharge free locations – Allpoint Network

Bank Over The Counter

• VISA Signature Cash Advance = 100% access

POS Debit

• Accepted at all POS PIN Debit locations

• “Cash Back” with PIN purchases

• Free signature POS with VISA® signature transactions

ACH Transfer

• To existing bank accounts = 100% access

Orlandi Valutta• Money Transfer to Mexico & Latin America

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National ATM Coverage

To check for the nearest Surcharge

Free ATM location, please visit:

www.moneynetwork.com

1 of 12 ATMs in America is

an Allpoint Surcharge-Free ATM

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Enrollment

• Enrollment in the Money Network

program can be completed utilizing

three methods.

• The required information for

enrollment are the employee's name,

address, social security number, card

or account number and birth date are

required elements for the enrollment

process.

CMS Web

Enrollment data is entered on a

manual basis for individual

employees by typing data into

our website.

CMS Bulk

Enrollment data is extracted from

your payroll system and

uploaded to our website.

BatchLoader

Enrollment data is extracted from

your payroll system and sent to

us in a batch file via SFTP. This

is the most automated way to

enroll employees on a long-term

basis.

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Standard ACH Direct Deposit

No additional processes, software or banking relationships required

Batch File Funding

Same day funding (file every 15 minutes if required)

Web Funding

Instant funds transfer

Internet based

Off cycle adjustments

Account Loading Options

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Implementation and Training

Implementation

• Approximately 6-12 Weeks

• Includes training, product inventory management, enrollment, funding and final

production testing

Training

• All training will be facilitated by Money Network (field manager training, including

product training, program administration, compliance, reporting)

• Your training needs will be mapped out during the early stage of implementation

Ongoing Client Support

• Dedicated Relationship Manager will be assigned

• Continued communication on product enhancements

• Access to Money Network Client Service Teams

Customer Support

• 24/7 Toll-Free Operator Support (Spanish and English)

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Employee Awareness and Education Money Network supports every aspect of the process

• Statement stuffers to announce the move to new

pay options

• Posters, table tents, take-ones available for work

locations to communicate the benefits of the new

pay program

• Cardholder bi-lingual marketing packets for

enrollment and training, include:

• Card carrier with fee schedule that includes an

enrollment form to use, if needed

• Easy to follow instructions for activating and

setting up personal PIN numbers

• Cardholder terms and conditions

• Introduction to and instructions for using the card

& check

How To Guides – English & Spanish

Table Tents

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Money Network Works for Everyone

Delivering 100% electronic payroll distribution.

Employer

100%

electronic pay

participation

Employees With

Bank Accounts

Use current bank

account to receive

direct deposits

Employees Without

Bank Accounts

Employees Who Want

Paper Pay Checks

Use Money Network™

Checks for

pay-to-the-penny

Use Money Network™

Card account to receive

direct deposits

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Electronic Paystub Portal

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Money Network Pay Stub Solution

Money Network is a leading provider of pay distribution services.

The Money Network Pay Stub Solution provides employers with a secure,

electronic pay stub distribution solution that saves time and money by giving

employees easy and confidential access to pay stub information.

Proven implementation

methodology.

Success moving clients

to 100% electronic pay.

Leading multiple option

solution provider.

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Flexible Pay Stub SolutionProduct Features

• A secure, First Data hosted solution that distributes

pay stub information through:

•A secure website.

•An automated phone system (IVR) .

•An on-demand pay stub printing device.

•Email or text message notification.

• Delivers pay stub information for all employees whether

they receive their pay via the Money Network™

Program, direct deposit, paper paychecks or other

payroll distribution services.

• Includes flexible tools for employers to:

•Set pay stub release dates for each form of distribution.

•Control employee access to pay stub information.

•Print custom messages on the pay stub.

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Reduce Costs and Help Employees

Employer Benefits

• Reduces costs by eliminating the

printing and distribution of pay stubs.

• Enables employees on-demand

access to print their pay stub as

needed by group or location

• Helps eliminate costly employee

requests for pay stub information.

• Better control of pay stub distribution

with use of flexible tools.

Employee Benefits

• Easy access to current and

historical pay stub information.

• Security knowing that personal and

pay stub information is confidential.

• Timely notification of pay with each

new pay cycle.

• Opt in to e-mail or text message

notifications.

• Paper stub available on demand.

• Access even after termination.

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Pay Stub Distribution Process

Securely transmit pay stub information to First Data.

Money Network will securely load and store pay stub data.

Employer specifies the date pay stub information will be

available for employees to view on-demand through the

Pay Stub Portal access points.

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Pay Stub Solution Access Points

Online Portal Access Text Message or

email with pay

stub information

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Hard Copy: On demand

thru POS Receipt Printer

•Presents a paper option for all

employees. Fulfills the need

when a paper copy of the stub is

needed by any group of

employees or specific location.

•Delivery to current or new

dedicated advice printers

• On demand -POS Printer

• 24 Hour employee access

• Re-print capabilities

• Offers full pay data

information

• Secure, First Data Hosted

Website with print screen

capabilities

• Offers full pay stub detail

as well as a 36-month

history of stubs.

• Employee can access

from home or work or

even after they leave

employment.

4Pay stub

information

via IVR

• First Data Hosted

• Interactive Voice

Response system

allows employees

to get critical pay

stub summary

information quickly

and easily.

Payroll Date: 07/24

Net Amount: $324.56

Taxes: $23.67

History

• Employee opt-in

• Employees can

choose this option

to receive a

summary text

message or full

detail email

message which is

sent to them

automatically each

pay period.

All of these access points can be used at any time by any employee!

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On-Line Portal View

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Text Message

PAY

01/06/2009

ABC Company

End: 12/31/2009

Net: $1517.82

Hrs: 42.00

Gross: $1793.11

Tax: $109.23

Ded: $166.06

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Email Message

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Receipt Printer

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Technical Requirements

Batch File:

• Prior to each pay date a batch file will be submitted using either

Money Network's Pay Stub Portal format (spec will be provided) or

your format (extra time and implementation cost required).

• Files are submitted over SFTP and are encrypted with PGP.

Terminal:

• Internet access (HTTPS/port 443) using either Ethernet/IP

(recommended) or an analog phone line.

• Standard AC power source.

Website:

• Internet access (HTTPS/port 443) using either Ethernet/IP

(recommended) or an analog phone line.

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THANK YOU !