mWallet Program Summary

MyTime Wallet Product Overview

The MyTime Wallet technology suite is a state of the art payment management system that was created to significantly reduce the costs of moving money to family and friends. MyTime Wallet has created a PayPal type mobile wallet account system that is equivalent to a virtual savings account. It has also integrated an add-on prepaid debit MasterCard that is equivalent to a virtual checking account. By combining and integrating these two products, MyTime Wallet has built a very powerful mobile commerce product suite that has led to an extremely cost efficient money movement strategy within the U.S. as well as internationally.

Mobile Wallet 'mWallet' Program (Virtual Savings Account)

A simple private label PayPal type of service where customers can load money via cash, credit card, US checking / savings account, and receive money from other mWallet users.

Customers can move funds off their account to any US checking / savings account, to other mWallet users, make ILD calls, pay for their MyTime Wireless Cellular Services, or move money to their MyTime Debit MasterCard or companion card. This mWallet account has NO monthly fees attached.

Debit MasterCard Program (Virtual Checking Account)

Customers can choose to add on an optional prepaid Debit MasterCard which will provide them access to domestic and International ATM networks as well as use anywhere MasterCard is accepted. Money can be FREELY moved from their mWallet account to their Debit MasterCard in real time and all using a proprietary state of the art data application that works on an IOS and Android device.

Customers can order a companion debit Master Card and mail that card to loved ones abroad. Once they have that companion card, money can be freely moved from the mWallet to the companion card in real time and again for FREE. Family members can use the card anywhere MasterCard is accepted and / or take out funds at virtually any ATM.

Mobile Wallet 'mWallet' Account (Virtual Savings Account)

NO monthly fee

There are no monthly fees for the mWallet. This account can used as a holding account to move money to your Prepaid Debit MasterCard account.

Enhanced mobile access

Customers can manage their account on the go using our private label iPhone App, Android App, WAP, and feature robust website.

Free prepaid debit card transfers

Transfer funds from a Mobile Wallet account to the prepaid debit MasterCard are FREE and are completed in real time.

Free account to account transfers

Transfer funds onto a Mobile Wallet account from any other mWallet account holder for FREE and in real time.

Request Funds

mWallet users can request funds from other mWallet users for FREE. No more paying 3% of your money to request money for payment of good and services.

Cheap international calls

Customers can use their Mobile Wallet account and or prepaid Debit MasterCard to make international long distance calls at a fraction of the cost.

'Request Funds' Merchant Payment Processing

MyTime Wallet has the ability to allow large and small merchants to integrate into simple APIs to allow their customers to use the MyTime Wallet "Pending Payments" Request funds functionality. Customers can use funds on their mobile wallet to pay for a merchant?s products and services but with NO merchant costs and expensive chargebacks. This saves merchants 1.5% to 3% of their revenue and eliminates 2%-3% bad debt.

Mobile Wallet (Pricing)

Transaction Cost
Load funds from any U.S. checking/savings account $1.00 per transaction
Transfer funds to any U.S. checking/savings account $1.00 per transaction
Load funds from a credit card (limit of $250 per individual load) 3% of transaction
Transfer funds to/from one mWallet user to another FREE
Transfer funds to prepaid debit card FREE
Request Funds / Micro Payments Merchant Processing FREE

Prepaid Debit Card (Virtual Checking Account)

Low cost, full service fulfillment

One low one time activation fee of $2.50 includes printing of card, embossing of customer?s name, collateral pieces in mailer, envelope, stickers, OFAC check, postage and handling, and all costs associated with customers activating their card.

Prepaid Debit Card (Retail Pricing)

Type Retail Price
Monthly Maintenance fee Primary Card $2.00 per month
FREE if bundled with Wireless product Set
Monthly Maintenance fee Companion Card $1.00 per month
FREE if bundled with Wireless product set
ATM withdrawal (U.S. Domestic) $1.75 per transaction
You may also be charged a fee/surcharge by the ATM operator or any network used to complete the transaction
ATM withdrawal or balance inquiry (International) $2.00 per transaction
You may also be charged a fee/surcharge by the ATM operator or any network used to complete the transaction
ATM Balance Inquiry $.49 per transaction
Check your balance for free by logging into your online account or data app.
U.S. Domestic / International use on the MasterCard network US: FREE / International: $.25 per transaction
(Most programs charge $0.10 to $0.15 per U.S. transaction and 2%-3% fees on international transactions)
PIN Purchase $.49 per transaction
PIN purchase is completed by selecting “Debit” and entering your PIN to make a purchase. You can make a signature purchase at no charge by selecting “credit” at checkout and signing for your purchase (if requested to do so by the merchant).
Replacement Cards $3.95
ATM Decline $1.75

Prepaid Debit Card Customer Requirements

Customers are required to provide their Name, Address, SS# or TIN to receive a prepaid debit card. (Limit one active card per customer).

International Move Money

Customers can purchase additional cards and mail those cards to their loved ones anywhere in the world. Once you family member has a card you can then move money from your mWallet account to their Debit MasterCard real-time and at no cost. Card holders can use anywhere their card anywhere MasterCard is accepted and can take out funds at virtually any ATM worldwide. This money movement technology costs a small fraction of the cost of all other money movement services. Plus all accounts have their own account number and routing number and all funds are even FDIC insured.

Account Balance Separation Strategy

Your Mobile Wallet account was created to be a quasi-savings account. The Debit MasterCard has been built to be a quasi-checking account. The Mobile Wallet account and Debit MasterCard account has been built so that they each have their own separate account balances for more versatility of use. Money can be moved freely from one Mobile Wallet account to another and money can be moved to the Debit MasterCard in real time and at no cost to the consumer.

Private Label Mobile Data Application

MyTime Wallet has built an iPhone App, Android App, WAP, and online computer website to allow customers to manage their money. The Mobile Apps and the WAP site allow customers to untether themselves from their computer and securely manage their money remotely.

Private Label Mobile Data Application