1. 2012 Launch of the Cash-My-Check Full Self-Serve Check
Cashing Kiosk INVESTOR PROPOSAL
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3. CMC Financial Services is an industry leader in Check
Cashing/Financial Services. CMC Financial Services check cashing
service is a convenient and an easy source of transaction for all
individuals, who are unable to use traditional banking for any
reason. CMC Financial Services have targeted the Unbanked and
Under-banked population. Our competitive advantage stems from a
variety of financial products and services such as: ATM, Check
Cashing, Wire Transfer, Bill Pay and Money Order all in a kiosk, NO
EMPLOYEES, NO OVERHEAD and LOWER INSURANCE PREMIUMS CMC Card
Features: Customers takes a picture of their check and pay their
bills with their CMC Card it will post to the customers account in
REAL time not 2 days later. The remote check deposit feature has a
Trademark pending the phrase: PointClickDeposit and the bill
payment phrase PointClickPay. The difference between our products
and services and other companies providing similar services are:
their products and services are catered to the Banked and
Cash-My-Check and CMC Card targets the Un- Banked and Under-Banked
population. CMC Kiosk has patent pending technology which entails:
Webcam, Biometric Finger Scanner, 3D Facial Recognition and
Signature Verification. The 3D Facial Recognition first gets an
image of the person's face (it has a heat sensory to verify that it
is a human being not a piece of paper), the face has to cross match
the face that is in front of the kiosk to the face on the driver's
license, signature has to match signature on back of the check and
driver's license and lastly the fingerprint must not appear in our
database and it must match the biometric on their license. Our CMC
Card will be the first prepaid debit card that has mobile remote
check deposit and bill pay. CMC Financial Services is seeking
$500,000 in return for 30% equity in the company. The funds will be
used for ordering 6 kiosks, marketing, software, maintenance,
implementation and operation costs. Investor Letter
4. Introduction Norcross, GA (October 22, 2010) Cash-My-Check,
Inc. aka (CMC Financial), the nationwide leader in full service
check cashing, check-to-card, and check guarantee solutions. CMC
Financial Services have launched the first full self-service check
cashing kiosk in the market capable of cashing any type of check
utilizing our new cutting edge technology-3-D Facial Recognition.
The total time from start to finish when a customer enters our
kiosk is 72 seconds for the first time registering and 27 seconds
then after. CMC Financial Services is Bata testing and launching a
soft launch of our kiosk in the first quarter of 2012.
5. About the Kiosk Cash-My-Check (CMC) is an automated check
cashing machine with the capabilities of check cashing, ATM, bill
payment and electronic money order. Cash-My-Check (CMC) is a self
service check cashing machine that provides real-time check
verification for payroll, corporate and government checks. This
Kiosk 100% self service! NO EMPLOYEES needed.
6. Bill Payment Kiosk Functions Check Cashing ATM Wire Transfer
Money Order Function 1 Function 2 Function 3 Function 4 Function
5
7. About CMC Financial CMC Financial Services has created a
kiosk that can do it all: ATM, Check Cashing, bill pay, send and
receive money, dispense money orders as well as purchase and load a
Prepaid Debit MasterCard and do it all in few seconds with a simple
easy customer experience. CMC Financial Services has partnered with
several apartment communities, hotels, car dealership and mortgage
companies to promote client retention and convenience to its
customers. Consumers will be able to pay any bill (Rent, Mortgage,
Car Note, Insurance and much more) tight from the kiosk. We have
been able to leverage our extensive experience in kiosk based money
transfer and bill pay, and Cash- My-Checks check cashing technology
to finally provide the solution everyone has been asking for. Now
as a retailer or financial service provider you no longer need a
fully staffed money center to meet all the financial needs of the
100+ Million and growing under- banked market. You can now leverage
technology to economically offer the best services available, open
all of the hours your location is open, giving your customers a
faster, easier and simpler experience.
8. About Cash-My-Check CASH-MY-CHECK is a Technology Enabled
Business Process Outsourcer (BPO) that provides its clients with
solutions for truly serving the nations under-banked population now
estimated to be almost 100 million people. The gating factor for
these consumers is their need to change all types of checks into
cash or value. Cash-My-Checks flagship product enables any business
to convert ALL types of checks to cash or to guarantee value loads
onto Prepaid Cards or other prepaid products. The solution combines
multiple national databases, rules engines, and proprietary
technology with redundant 24/7 risk management centers.
Cash-My-Checks risk centers are staffed with experts at check
cashing and check fraud and can intervene in minutes to enable
clients to successfully serve all consumers with all forms of
identification cashing or loading all types of checks.
9. Target Market The Un-Banked Statistics An estimated 28
million people in the U.S. dont have bank accounts often because of
mistrust, cultural and language barriers or a belief that by the
time the bills are paid nothing will be left for an account. About
44 million are considered under-banked, having an account but
tending to rely on nonbank service providers, according to the
FDIC. Unbanked people, many of whom are African Americans,
Hispanics or immigrants, often turn to high-cost check cashers or
payday lenders that can put them into a cycle of indebtedness,
regulators and consumer advocates say. The survey showed that more
can be done to reach out to this significant market, FDIC Vice
Chairman Martin Gruenberg said in a statement. Government and
industry need to work together to increase these individuals access
to the mainstream banking system.
10. Cutting Edge Technology Cash-My-Check, Inc.
(CASH-MY-CHECK), the nationwide leader in full service check
cashing, check-to-card and check guarantee solutions. CMC Financial
Services will launched a full self-service check cashing kiosk in
the market capable of cashing any type of check utilizing our new
cutting edge technology-3-D Facial Recognition
11. Facts on the Check Cashing Industry Over 30 million people
cash checks annually. Customers are typically blue- and white
collar workers involved in retail and service industries such as
restaurants, hotels, auto repair, landscaping, daycare and line
manufacturing. Twenty-nine percent of the 12 million households
that rely on fringe lending are Hispanic and one-third are African
American. The numbers certainly show the so called "un- banked" are
rapidly becoming forces to be reckoned with - they generate $78
billion in gross revenue and $5.5 billion in fees each year. Check
cashers, payday lender, pawnshops, rent- to-own stores and related
institutions now engage in at least 280 million transactions
annually.
12. Kiosk Placement CMC Financial Services is now placing
orders for our 2012 soft launch program. Many companies are seeing
significant demand both among their existing client base and in new
markets. CMC Financial Services mission is to provide the
un-banked, under-banked and underserved population with the same
financial services as a traditional bank. For that to happen, the
core service for this consumer, check cashing, had to be fully
available at the self-service kiosk. We think what we have built
with CMC Financial Services breaks all previous barriers and will
set the standard for future devices. This will enable our clients
to expand their reach and availability in a more cost effective
way.
13. Kiosk Simplicity CMC Financial Services wanted to give its
customers value-added services without compromising the safety of
the consumer. Cash-My-Check and CMC Financial Services have
developed a kiosk-based solution which has succeeded in maintaining
CMC Financial Services trademark user simplicity while adding
Cash-My-Checks trademark approval rates on all checks and IDs by
still implementing a sense of safety with our unique and
proprietary hardware and software.
14. A worldwide stream
15. Design Security camera Sunlight-viewable screen Touch
screen Bill acceptor Card reader Barcode Reader Debit Card
dispenser Cash dispenser Card printer Money Order Printer Check
scanner Fingerprint scanner Receipt printer ADA voice guidance jack
Lit key pad PCI PIN pad
17. Kiosk Specifications System Control Intel Pentium-IV
processor Microsoft Windows XP platform Optional 12.1" TFT LCD
Communication TCP/IP (SSL configurable) or Dial-up Application
Software NDC+ DDC912 Customer Display 15" TFT LCD Optional sunlight
viewable Optional touch screen Input Type 4 x 2 function keys PCI
EPP (Encrypting PIN pad) ADA compliant Card Handling Dip-type card
reader Optional IC card reader, EMV Level 1, 2 Printers 3.1"
graphical thermal receipt printer Electronic journal Security UL291
business hour safe Standard electronic safe lock Security camera
Optional KABA Mas Cencon safe lock Miscellaneous Guide lights
Optional high-brightness topper Power Supply AC 110230V, 5060 Hz
Back-up battery (last transaction and shut-down) Operating
Environment Temperature: 32F104F Humidity: 25%85% Dimension and
Weight Height: 51.2" (1,060 mm) Width: 16.1" (410 mm) Depth: 22.8"
(580 mm) Weight: 265 lbs (120 kg) Cash Dispensing 2,000-note
cassette Up to three cassettes (6,000 notes)
18. Executive Summary CMC Financial Services, Inc. is
incorporated to cater to the low-income, un-privileged,
under-banked, under-served and the un-banked population,
nationwide. Studies have revealed that by 2010, the U.S.A kiosk
sector is expected to reach a worth of around $ 1200 billion. This
sector was worth $548 billion in the year 2007. This reveals the
growth potential of this sector, which would grow over 100% in just
a span of five years. Similar are the findings of another study,
which has revealed the self-service kiosk transactions to exceed
$607 billion in the year 2008 in the U.S.A and Canada. These
transactions exceeded $1.7 trillion by the year 2010. 50 million
individuals across the U.S.A utilize the alternative financial
services and more than 180 million checks are cashed via the cash-
checking locations. Our service shall stand out from the rest,
because we are introducing the service feature of facial
recognition as a form of person verification.
19. Marketing Opportunities There are many opportunities in the
market for Cash-My-Check in the market, such as: After the
recession, many consumers have gone bankrupt and have credit issues
with his banks. These consumers are now heading for alternative
financial services instead of traditional banking process to cash
his checks or other financial instruments. This creates a great
opportunity for check cashing services like us to benefit from.
Other opportunities are that consumers are now more and more
shifting towards ease, convenience and prefer services, which offer
ease and are swift. So, our service will allow them access to cash
their checks, other Instruments and pay their bills any time, with
ease.
20. Branding We will project Cash-My-Check as a brand, which
will offer innovative idea of check cashing through self-service
kiosks through out the United States. W e will position ourselves
as the topnotch service provider offering multiple services
including: check cashing, money orders, bill payment, etc.
21. Marketing Objectives Our primary objectives are: The
opportunity to focus on operations and service, while still
achieving sales objectives and service metrics: Installation of
thirty- five kiosks by the end of 2012 Reach 40 new customers a
month for the first 12 months Develop a word-of-mouth reputation
Achieve first year revenues of $2,364,839 in terms of checks
cashed. Financial Objectives: Secure financing to implement our
plans and gain enough profits to satisfy our investors and
employees. CMC Financial Services will generate maximum revenue by
offering multiple products/services to diversified segments.
22. Exit Strategy The investors that provide the capital that
is the subject of this document will have several exit
opportunities available to them. Management believes that the most
likely exit will come from the sale of the Company or licensing of
its intellectual property to one of its strategic partners or to
another enterprise. Other alternatives that would create a
liquidity event for the investors might include a buy back of the
outstanding shares using cash on the Companys balance sheet or
through the exchange of the stock with long term capital provided
by an institutional lender.
23. Start-Up Summary
24. Sales Projection
25. Profit & Loss
26. CMCFinancial.net [email protected] 5875 Peachtree
Industrial Blvd Suite 140 Norcross, GA 30092 (770) 960-9962 (O)
(678) 833-0698 (F) Questions? We are happy to help you!