One World Ventures, a provider of the 1World Card prepaid debit card services, has signed a letter of intent and submitted a deposit to eCommLink, a value added prepaid processor, to develop and deploy corporate prepaid solutions and remittance programs. This working relationship combines eCommLink’s prepaid processing platform with the market strengths and multi-cultural footprint of the 1World Card.
1World Card will allow consumers without bank accounts to avoid the costs of check cashing and money order fees by using a reloadable prepaid debit card complete with direct deposit, bill pay and money transfer services. The 1World Card will be marketed directly to employers as a payroll card, which they in turn offer to their employees.
In addition to being a full featured prepaid debit card, the 1World Card will interface with international partners to provide low cost remittance for cardholders.
Steve Prior, CEO of One World Ventures, said: “Our business model is to provide a wide range of much needed financial products that improve the quality of life for our cardholders. We believe the adaptive nature of the eCommLink platform will allow us to not only meet the needs of the market today, but to grow with it for years to come.”
