Category: Finance

BusinessFinanceUncategorized

BLACK-OWNED PREPAID DEBIT CARD PROGRAM WITH A UNIQUE REWARDS PROGRAM LAUNCHES TO HELP LOW INCOME FAMILIES

— The debit card program allows direct deposit set-up, and deposits of your tax refunds —
Sandra Lewis, president of StressFreeMoney LLC

Courtesy Photo

Dallas, TX (BlackNews.com) — StressFreeMoney LLC, a Black-owned financial services firm, has announced the launch of the SFM Prepaid MasterCard® with the revolutionary FriendSpend Rewards* program powered by Cascade Financial Technology Corp in Las Vegas, NV.

The SFM Prepaid MasterCard allows cardholders to avoid monthly fees when they load at least $750 per month. Cardholders will also have access to over 50,000 surcharge-free ATMs**. The card offers online banking, direct deposit, and the ability to share funds with other SFM cardholders. Funds loaded on the SFM Prepaid MasterCard are FDIC insured through Sunrise Banks, N.A., the issuer of the card.

“We are excited to launch our new prepaid card program, which offers an economic solution for the more than 40 million unserved, underbanked American consumers,” said Sandra Lewis, President of StressFreeMoney LLC. “StressFreeMoney looks to give our clients the best card value possible.”

Spencer Schmerling, CEO of Cascade, added, “We are excited about the launch of the SFM Prepaid MasterCard, and we are proud to combine our revolutionary FriendSpend Rewards program with StressFreeMoney’s value proposition of offering their clients a low-fee financial solution. We look forward to the growth of this new program as cardholders refer their friends and family to build up their Spending Squads.”

The SFM Prepaid Mastercard delivers inclusive products and services, providing an alternate way for cardholders to build rewards by doing things like paying bills online, shopping, and traveling exclusively using a prepaid card They can share this great opportunity with friends and family using the social media suite of tools available to each cardholder.

About StressFreeMoney, LLC
The company is based in Dallas, Texas and is an experienced female minority-owned business that has the capacity to serve every consumer and business (large to small), providing efficient and scalable prepaid or general-purpose reloadable (GPR) cards. StressFreeMoney, LLC serves the domestic markets.

SFM Prepaid provides a payment vehicle and solution for companies that need to pay disbursements, payroll, commissions, and similar payments to individuals.

SFM Prepaid Mastercard provides an efficient and stress-free way to manage domestic payouts through:

* Prepaid cards for commissions payouts
* Smart chip-enabled cards and mobile-ready solutions (Android and Apple)
* FriendSpend Rewards Program – Each cardholder receives a suite of marketing tools to build their own #SFMSpendingSquad*
* Set up direct deposit, which is more convenient than carrying cash and allows cardholders to make online purchases, pay bills, and manage their money

Visit us at www.sfmprepaid.com, on Twitter (@sfmprepaid), or on Facebook.

About Sunrise Banks
Sunrise Banks, N.A., based in St. Paul, Minnesota, seeks to radically change the way urban communities and underserved people thrive by empowering them to achieve their aspirations. Sunrise is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. Sunrise Banks is also a member of the Global Alliance for Banking on Values and is a certified B Corp for its demonstrated commitment to transparent corporate governance and positive community impact. Visit Sunrise Banks at SunriseBanks.com, on Twitter (@SunriseBanks), or on Facebook. Sunrise Banks is Member FDIC.

About Cascade
Based in Las Vegas, Nevada, Cascade Financial Technology Corp provides a reliable and scalable platform for FinTech startups to quickly get their product or service to market. Cascade’s platform features RESTful APIs, full BSA/AML compliance, automated KYC, extensive fraud mitigation, and world-class U.S.-based customer service, all of which enable their clients to create the most innovative and inclusive financial products and services that allow all people to participate in the FinTech revolution. Visit www.CascadeFinTech.com for more information.

The SFM Prepaid MasterCard® is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from MasterCard International and may be used everywhere Debit MasterCard is accepted. MasterCard and MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

* FriendSpend is an optional offer administered by Cascade Financial Technology Corp and is not a Sunrise Banks product or service, nor does Sunrise Banks endorse this offer. See FriendSpend rules for program and service details at www.SFMPrepaid.com/Rules.

** Other fees, terms, and conditions apply – See cardholder agreement for a complete list of fees

For more information, please contact Sandra Lewis at 866-785-1065 or email her at info@stressfreemoney.com.

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