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New York, NY (PRWEB) June 11, 2012 While the ability to deposit checks by smartphone is anincreasingly popular convenience for people with traditional bankaccounts, the feature is a vital service for unbanked andunder-banked consumers, many of whom use prepaid card accounts,says Plastyc CEO Patrice Peyret, who will be speaking at the 6thannual Mobile Banking & Commerce Summit today in San Francisco. Mobile remote deposit capture (MRDC), as the industry calls it, isa service that is coming to prepaid cards users, and not a momenttoo soon. "Small businesses contribute 45 percent of the payroll in the US,but many of them still issue paper checks to their employees ratherthan offering direct deposit. For unbanked and under-bankedworkers, having to go to a check cashing place twice a month isinconvenient and can be very costly" said Peyret. Providing mobile check cashing to prepaid cardholders can presentsecurity concerns but a number of fraud prevention steps not foundin bank apps will be added, Peyret says. Peyret will co-present with Mary Monahan, EVP & ResearchDirector at analyst firm Javelin Strategy. Plastyc provides the UPside Visa prepaid cards and iBankUP moneymanagement services as replacements for checking accounts,including the ability to write paper checks in demand. Adding the convenience of depositing your paper payroll check willplug the last remaining functional gap between prepaid cardaccounts and checking accounts, said Peyret. Over the past five years more than 1,500 financial servicesdecision makers and solution providers have chosen theSourceMedia's Mobile Banking & Commerce Summits as themust-attend educational and networking opportunity centered aroundmobile banking and commerce. About Plastyc, Inc. Plastyc delivers good banking to all by providing 24x7 access toFDIC-insured accounts through any Internet-connected computer orcell phone. Unlike traditional checking accounts, Plastyc's iBankUPportal and UPside Visa prepaid cards never incur overdrafts andoffer better services at lower prices, with more ways to receivemoney and no risk of over-spending it. Plastyc is privately heldwith headquarters in New York City. For more on Plastyc, visit Read the full story at releases/mobile_check_cashing/for_everyone/prweb9591933.htm . I am an expert from led-spotlightbulbs.com, while we provides the quality product, such as China Wifi Enabled Cell Phones , China Cell Phone Faceplate Covers, Led Ceiling Light Fixture,and more.
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