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The My Power Mall Payment Cards



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From Jean Lachowicz, COO

Well, it’s almost here and I’m so excited to see this new capability coming to our U.S. My Power Mall members. What am I talking about? Why the new TotalPay® Card, of course. As you may be aware, since I came on board, I have been working hard to find the best payment solutions for all our members. By “best” I mean the most practical, economical and easy to use. In the ADP TotalPay Card, I know we have the best U.S. solution.  And for the International members, we are very close to testing the best solution I have found for non-U.S. members. For today, though, I want to talk about the TotalPay solution for U.S. members.










  


A Bit of Background

The TotalPay® Card, combines the resources and expertise of two industry leaders Automatic Data Processing, Inc (NYSE: ADP), and Money Network.  ADP has been paying people in the US for over 56 years and is the largest payroll/payables payment provider in the U.S. Money Network was founded in December of 2001, though the Money Network paycard was initially conceived and developed in 1994. Together ADP and Money Network provide the TotalPay Card to over 3,000 companies.

Before I tell you all the details of the card, know that this is more of a Payment “System.” While everyone will receive a card, you do not have to actually use it. Receiving it will give you access to have all your MPM commissions deposited directly into your bank account, or you can use one of the “Trans-checks” to access your funds. Many people will use it as a Debit Card, but that is your choice.

What is the TotalPay Card?

The TotalPay Card is a STAR debit card on which My Power Mall will load your commissions. It provides many options for using the money once it’s loaded on the cards. Here are some of the features of the TotalPay Card:

  • Surcharge Free ATM Access- The TotalPay Card program offers the widest access to surcharge free ATM’s via Allpoint, America’s largest surcharge free ATM network.  Go to http://www.allpointnetwork.com to find your nearest Allpoint ATMs. Other networks available with the TotalPay Card include Maestro®, Cirrus®, NYCE®, Pulse® & STAR®

  • Transcheck™ - With your debit card, you will receive 3 Transchecks. These checks can be used for anything you would normally pay by check, from rent and utilities to store purchases. Transchecks also provides for “pay-to-the-penny” access to your money and can be especially beneficial if you lose your card.

  • WAL-MART Access - Money Network now has an agreement in place that will allow you to cash a Transcheck at any participating Wal-Mart nationwide free of charge. [Note: Free encashment currently not available in the following states: CT, MA, NJ, NY and RI.]

  • PIN Debit – With your TotalPay Card, you can make purchases at any store with PIN based debit, anywhere in the world.  It also allows cash back from stores that provide that service.

  • ACH Transfer- You may use the interactive phone service (IVR) or Web site to log in to and transfer funds from the card to any other personal account.

  • FDIC Insured - Your individual TotalPay Cardholder account is FDIC insured up to $100,000.

  • MPM Logo – The debit cards will be MPM branded cards with your name embossed on the card.

  • Account Management – You can manage your money with no cost either online or using the voice prompted system (VRU), or you can speak to a customer service person 24/7/365. There are costs associated with using the “live person” option.

  • Security – ADP / Money Network use encryption techniques to scramble information so that it is accessible only to those authorized. All information that is transferred between MPM and ADP-MN uses these encryption techniques.  Activation of your card requires you to physically have the card and uses other information you provided MPM in your back office to ensure maximum security.

So What Does it Cost?

This is the really awesome part. Once you’ve purchased your card and had your commission loaded each month, you can get your money for free at an Allpoint ATM, via ACH to your bank or via a TransCheck. (See highlighted lines below.) The fees to use the card at other ATMs and for purchases at stores are typical or lower that typical for any other bank card you may have.

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TotalPay Card Fee Structure

TABLE A: CARDHOLDER FEES: STAR® SV Card Visa® Portable

Fees for Using Your Card
 
Money Load on to Card     $3.00

Monthly Maintenance Fee   FREE

In-network ATM Withdrawal - One FREE per pay period;
Domestic (Allpoint Network)     $1.50 thereafter

ATM Withdrawal – International$2.50

ATM Balance Inquiry – Domestic     $1.50

ATM Balance Inquiry – International$1.50

ATM Decline   $1.50

PIN POS Purchase $0.25

PIN POS Decline    $0.25

PIN POS Return    $0.25

PIN POS Return Decline     $0.25

TRANSCHECKTM Purchase FREE
(Online or IVRU)

Bank Transfer - ACH   FREE

Lost/Stolen Replacement   $6.00

Interactive Voice ResponseFREE
Unit Inquiry Fee
 

Live Operator Assistance Fees
 
Balance Inquiry     $1.00

Card Research (Per Hour)  $10.00

Loading Purchasing a TRANSCHECK$1.00

Verification of a TRANSCHECK  $1.00

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I’m excited by the new TotalPay solution. Once you receive your card, I know you’ll share my enthusiasm.

VISA Upgrade – Money Network also offers members the opportunity to upgrade to a TotalPay VISA, which provides signature access wherever VISA is accepted. The VISA program is totally optional to you and is managed entirely by Money Network. You should be aware that there are additional fees related to the VISA card that are charged by Money Network. This program is outlined in the information that arrives with your debit card.


Jean Lachowicz
COO

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For Our International Members

Non-US, or international members receive their commissions through International Global Xchange (IGZ), a Canadian-based company that acts as an interface to Hong Kong and Shanghai Banking Corporation (HSBC). HSBC (www.hsbc.com) is a very well respected global bank.  In Canada and Europe, HSBC is as highly respected and is as large as Citibank (actually larger in Canada). Despite the name, HSBC is incorporated in England and headquartered in London. HSBC has thoroughly evaluated International Global Xchange and gives it top marks for security and integrity. IGX has been in existence for four years and I spoke with several companies that have been using them to pay members for that long and there has not been a single security issue.

When we send commissions for international members to IGX, we send the amount the member is to be paid and their “payment email address” as entered in their back office. IGX sets up an e-wallet (a virtual bank account with HSBC) for the member and sends the member an email (actually, Marilyn writes the email, but it goes out from IGX’s domain name), informing them they have received commission.  The first time a member gets paid, IGX establishes their e-wallet and the email that goes out has a link for the member to set up their personal information with the bank for their e-wallet.  If the member has previously received commissions through IGX, either from us or another company that uses IGX for payment, the link in the email will simply be to their e-wallet.  IGX charges members $1.00 US management fee at the time we send commissions to the member.  Members wishing to reduce the management fees can set their minimum payment amount in their back office to a higher amount, anything up to and including $100 US.

When the member first establishes their account and e-wallet, they are required to set up a password and other security verification information (mother’s maiden name, name of first pet, name of favorite author, etc.) and provide their full name and address, phone number and 2 types of government issued ID, like a drivers’ license number, passport number, voters registration card, etc.  This personal information is used in the event the member needs to contact IGX about their e-wallet.  The personal information is used to verify the caller is the person to whom the e-wallet is registered.

Several international members have questioned the need for 2 government issued ID numbers, saying they don’t have a driver’s license or passport and their country doesn’t issue voter registration cards. Neither IGX nor HSBC has the authority to verify that the number you provide for a driver’s license is actually a registered driver’s license issued to the person in question. All they use the information for is to verify that the caller can repeat the number previously entered, for example, their driver’s license. So, if the member does not have a government issued ID, they should use a number that they can always remember should they be asked to provide it.

Members in Austria, Australia, Belgium, Canada, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Luxembourg, Latvia, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Singapore, Spain, Sweden, Slovenia, and United Kingdom (includes England, Scotland and Ireland), can transfer their commission payment directly to their bank account – if they have one. Members in India, Japan, Mexico, Philippines and South Africa will have this direct deposit capability very soon. 

All other members can purchase a debit card from IGX and transfer their money to the debit card, which can be used at ATMs and POS terminals all over the world. Members also have the choice of eight currencies in which to accept their money and IGX is adding more every four months. Currently they are Australian dollars, Canadian dollars, Euros, Hong Kong dollars, Indian rupees, Mexican pesos, New Zealand dollars, Philippine pesos, Singapore dollars, Taiwan dollars and US dollars. (For an up-to-date list check on the IGX web site.)

For a video explaining this process in detail, go here: http://www.mypowermall.net/HowIGXWorks.html

Jean Lachowicz
COO

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THANKS Jean!

Now, I already know all of you are asking, "How much is this card going to cost us?" How about nothing? :) Right now every member pays $3.00 for the administrative cost of being paid. We've been able to work a deal where that will not change. At least for U.S. members. International members will have a different card, and the sheer reality of banking costs for International members will make the costs a little higher but, again, Jean analyzed many companies to find the very best one.

One more VERY IMPORTANT thing – once you’ve generated a commission (regardless of the amount) you will be asked (via a pop-up window) to update your information in your back office. This is information required by the banking industry and we cannot pay your commissions until you update your information. For a short video explaining how to update your information, go here: http://www.mypowermall.net/UpdateMyInfo.html

Ginny Dye
































































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