MiCash Partners With Financing Alternatives, Inc.

Expanding Consumer Reach and Service Capabilities

Oct 12, 2006, 01:00 ET from MiCash Corporation

    WASHINGTON, Oct. 12 /PRNewswire/ -- No credit card? No bank account? No
 problem! Through a powerful combination of technology and innovation,
 MiCash and Financing Alternatives, Inc. (FAI) are providing America's
 credit- challenged consumers access to financial services previously
     FAI today announced that it has partnered with MiCash Inc. to offer the
 MiCash Visa Prepaid Debit Card to its new and existing customers.
     For over eight years, FAI has provided unique financing solutions to
 consumers all across the United States who have blemished or un-established
 credit. "We plan to offer the MiCash Visa Prepaid Debit Card to the growing
 number of credit challenged consumers who call us every day. Until now,
 some of these individuals could not take advantage of our innovative
 lay-away programs," said Michael Shrader, President and Chief Operating
 Officer of FAI.
     MiCash provides multi-purpose, prepaid debit cards that afford
 consumers the triple-benefit of general purpose re-loadability, remittance
 capability and discounted telephony all on one card. "This partnership
 further exhibits MiCash's commitment to providing quality products to
 individuals and families regardless of credit history," stated Javier
 Palomarez, Chief Marketing Officer of MiCash. "Combining quality service,
 innovative products and expanded access through the MiCash-FAI partnership
 is a winning combination for both the consumer and our respective
 companies," Palomarez added.
     Consumers can use MiCash Visa Prepaid Debit Cards at millions of
 merchants worldwide, anywhere that Visa debit cards are accepted. In
 addition, the cards extend valuable protection from fraudulent or
 unauthorized transactions if the cards are lost or stolen as the Federal
 Deposit Insurance Corporation (FDIC) insures all funds loaded onto the
     For more details on Financing Alternatives Inc.'s innovative financing
 solutions please visit http://www.myfai.com or call 1-888-309-9678.
     For more details on MiCash prepaid products, visit
 http://www.micashcard.com or call 202-338-7474.
     About Financing Alternatives, Inc.
     Located in Chesapeake, Virginia, Financing Alternatives offers
 consumers an affordable way to finance quality products including
 computers, projectors and other high-ticket price technology items, without
 a credit or employment check. Our customers establish credit directly with
 us by making three months worth of on-time payments, after which we ship
 their product directly from the manufacturer to their home. Anyone who is
 over the age of 18 has an active checking or savings account and a
 telephone number is eligible for our program.
     About MiCash Corporation
     MiCash Corporation is the pioneer and leading provider of prepaid debit
 cards with remittance capability for America's underserved markets. The
 MiCash platform offers a comprehensive approach that is unique in the
 prepaid services industry. MiCash prepaid card products can be reloaded at
 over 25,000 retail locations in the US, and are accepted by millions of
 merchants worldwide. MiCash's partnerships include agency agreements with
 the leading companies serving the un-banked and under-banked markets, as
 well as strategic relationships with Visa and MasterCard, Electronic Funds
 Transfer (EFT) networks and payment card associations. For more
 information, visit http://www.micashcard.com

SOURCE MiCash Corporation