Debit Card Production on the Rise

CardOne Plus Inc, global provider of next generation prepaid financial services products, today announced the Company has hit a new high in debit card production.

Toronto, (PRWEB) February, 2005 -- Between November, 2004 and January, 2005, CardOne received orders and order commitments for more than 200,000 Debit Cards from clients in North American and European markets.

CardOne debit cards which function all over the world were introduced in October 2004. Prior to the CardOne Solution, there wasn’t a truly global debit card solution available due to the U.S Patriot Act. With the introduction of CardOne Plus, located in Canada, this powerfully global debit card solution is receiving inquiries from Merchants and Distributors in U.S., European, Canadian, Asian, African and other markets around the globe. Order fulfillment began mid-2004.

The CardOne Plus electronic debit card is issued with a major bank partner and operates on the Cirrus, Maestro and Interac networds world-wide. This powerful debit card solution can be issued to companies and people worldwide with official identification and verifiable addresses. It can be used at more than 900,000 ATM locations worldwide and 20 million merchant locations, as well as for Internet purchases.

The CardOne Plus debit card can be used as a much safer online-only transaction and can be instantly issued by registered employers or retail locations. The card is re-loadable via Direct Payroll Deposit (Batch Load), at the CardOne Plus website cardholders use ACH (bank account to card) in the U.S., EFT (bank account to card) in Canada, at 45,000 major retail cash loading locations in North America, or by phone using Interactive Voice Response (IVR).

Cardholders enjoy the power to transfer money around the world instantly using a unique CardOne Plus Card to CardOne Plus Card money transfer feature. This unique service replaces the need to leave your home and use expensive Money Wire Services. Users simply logon and send the money right from the CardOne Plus web interface to friends, family and colleagues around the world.

Organizations are using CardOne Plus for International or Multinational Agent & Independent Contractor Payment Programs, Greeting Card or Gift Card Programs, Travel Cards, Student Cards, and Fund Transfer Cards.

"We are very pleased with the enormous interest this program has received from Merchants and Distributors around the world" reports Kevin Lewis, President of CardOne Plus. "This Global interest proves the market is immense. We already have Distributors and Merchants in the U.S., Europe, and Asia and more are invited to partner with us.

Debit cards are in great demand by organizations of all sizes and individuals throughout the world. The market for debit cards is just in its infancy and is virtually untapped. A study by PricewaterhouseCoopers for the United States Treasury department found that over 40% of the U.S. workforce has no bank account. An additional 12% with bank accounts are denied a debit card. This large number of "lost consumer market families" has risen more than 28% in the last three years. These "un-banked" and "underbanked" are shut out of many basic financial transactions and must pay much higher fees than the banked, just to conduct normal financial business.

About CardOne Plus Inc.
CardOne Plus (www.cardoneplus.com) is a multi-use, multi-currency debit card provider. The CardOne Solution is a partnership with long standing, secure and reliable banks combined with ATM, POS and Internet technology. Organizations of any size use CardOne Solutions to execute payroll, give away or sell company branded and reusable gift cards and insurance companies use them to pay out insurance claims quickly and economically. Individual users receive payment from employers, transfer funds from account to account, withdraw cash, pay bills, send money overseas, give cards to kids, teach budgeting and monitor spending, and hold multiple types of currencies for regular daily use.