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Capital Prepaid Offers Mobile Check Cashing to BlazePaysSM Visa® Prepaid Cardholders

08-18-2015

SIOUX FALLS, South Dakota, August 18, 2015 - Capital Prepaid Services has made loading checks more convenient with the availability of mobile check cashing for the program it manages, the BlazePaysSM Visa® Prepaid Card. The new feature allows cardholders to cash checks to their BlazePays Prepaid Card easily from virtually anywhere.

Using a smartphone, BlazePays cardholders can take a picture of a check and, if the check is approved, load the funds to their card in minutes for a fee of 1% or 4% of the check value, with a minimum of $5. Alternatively, cardholders can choose to wait 10 days to access their funds at no charge if the check is not returned unpaid within the 10-day period.

The BlazePays Card is an ideal budgeting tool and can be used alongside or in place of a checking account or credit card. It is valuable for millennials, college students, budget-conscious consumers, and people who don't need or want a checking account. The card helps cardholders avoid overspending, provides the ability to track where money is spent, and can be used anywhere, including online, where Visa debit cards are accepted.

BlazePays Visa Prepaid Card

The BlazePays mobile check cashing feature is provided through the Ingo™ Money mobile app, which can be downloaded from the App Store for iOS devices or Google Play™ Store for Android devices.

Cardholders can use the Ingo Money mobile app to cash checks between $5 and $2,500 to their BlazePays Card. Most check types are supported, including payroll and government checks, two-party personal checks, cashier's checks, insurance checks, money orders and many others. If Ingo Money approves the check, it will be cashed and funded to the BlazePays Card. Once a card is funded, the money is guaranteed to the card issuer and is as good as cash and safe to spend by the cardholder.

"Our goal is to make the BlazePays Card the most convenient and economical payment tool for consumers," said Jay Kurian, President of Capital Prepaid. "With mobile check cashing, consumers can now load funds to a BlazePays Card regardless of where they reside in the U.S."

About Ingo Money

Ingo Money, Inc. is a leading digital payments company focused on expanding and accelerating the flow of funds between monetary instruments to provide immediate, guaranteed funding and payment services that fuel consumer adoption of new and existing digital payment platforms.

Ingo Money and First Century Bank, N.A. operate the nation's only digital account funding network, a consumer-direct network accessible via mobile and retail channels. In addition, Ingo Money offers an omni-channel commercial platform that provides technology and risk management services to financial institutions and other independently licensed financial services firms enabling them to deliver immediate, non-provisional funding and payment services to their customers.

About Capital Prepaid Services

The reloadable BlazePays Visa Prepaid Card is the brand servicemark of Capital Prepaid Services of Sioux Falls, South Dakota. Capital Prepaid provides full-service program management and processing services for prepaid cards offered by financial institutions, corporations, retailers, and government entities. Established in 2011, it is a sister company of Capital Services, an innovative payment portfolio management and servicing company. Visit CapitalPrepaidServices.com to learn more about its prepaid servicing models.

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Regulatory notes:

While there is no credit check or credit approval required to open a BlazePays prepaid card account, the USA Patriot Act requires all financial institutions obtain, verify, and record information that identifies each person who opens a BlazePays card account. When a card account is opened, the consumer is required to provide their full legal name, address, date of birth, and other information for identification purposes. Consumers may also be asked to show their driver's license or other identifying documents at any time.

Use of the BlazePays Visa Prepaid Card to deliver payroll will be subject to all applicable state and federal payroll laws and may not be appropriate in certain states.