Transcript Selling Your Ideas - BILL PAYING SOLUTIONS (BPS)

Bill Paying Solutions
(BPS)
Specially designed for your Clientele
• Bill Paying Service
– Payments such as: Electricity, Maintenance,
Providers, Retail Stores and any other payment in
US Dollars
– Timely payments service in the USA
– Bank account not required
– Competitive Fees
• Outstanding top quality customer service
– Physical offices located in Miami, Florida
– Personalized Customer Support
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Confidential
Benefits
• Assurance of execution of payments as
requested by the client
• Efficient, Accurate and Timely service
• Paperless processing
• Information maintained in a confidential basis
• Expertise
– Strong international banking background
– Solid customer service experience
• A DDA is not required
– Funds of Clients reside with the Bank
– Payment will be executed upon receipt of funds
11/12/2006
Confidential
How does it works?
Bank’s client
request
payment(s) to
be made
BANK send payment(s)
request(s) from client(s)
to SPG Miami
SPG Miami proceeds to
pay as per received
instructions
Check from
SPG Acc’t
Payee
Payee
Payee(s)
11/12/2006
Confidential
Requesting a Payment
Step 1: the Client
• Client request payment to Bank through Set up Form (click to see)
• Client provides: copy of bill or statement showing amount to be
paid, payee name, account number and due date
• Client makes funds available to Bank
Step 2: the Bank
• Bank sends payment(s) request to SPG Miami using a Set-up form for
each Client via email, fax or regular mail with copies of bill or statement
• Bank must make funds available to SPG Miami in order for SPG to
proceed with requested payment(s) at least five (5) days prior to due date
of each payment
Step 3: SPG
• SPG Miami sends requested payment to each payee or provider, as per
received instructions
• SPG Miami sends a Payment Detail (Click to see) and Statement (click to see)
for each client to Bank
• Bank provides both Payment Detail and Statement to each client
11/12/2006
Confidential
Price Comparison
PAYABLE THROUGH
Costs
Monthly Maintenance
BPS
US$
38.00
Checks & Checkbooks
Checkbook (25 checks)
Cost per transaction
Costs
Monthly Maintenance
US$
9.95
Checks & Checkbooks
19.00
1.19
Checkbook (25 checks)
Cost per transaction/payment
Not Required
6.50
NSF Check
32.00
NSF Check
Not
Applicable
Stop Payment
15.00
Stop Payment
Not
Applicable
MRB (Minimum Required
Balance)
350,000.00
Minimum monthly charge
6,000.00
Implementation Fee (Bank)
Access to System (monthly)
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MRB (Minimum Required Balance)
Set-up Fee per customer
Implementation Fee (Bank)
300.00
Electronic Statement and Detail
Confidential
Not Required
25.00
7,500.00
No Charge
Requirements
• Signed agreement (click to see) by Bank, including:
–
–
–
–
Number of Clients
Set-up form (click to see) for each Client
Customer Profile (click to see) and copy of Photo ID for each Client
Waiver (click to see) signed by Client
• SPG will identify and assign a control number to each client.
• Funds must be received five (5) days prior to payment due
date to:
– SPG Consultants & Intermediaries LLC
• Bank of America
• ABA 063100277
• Account 004435732583
• SPG will send email or fax with Payment Detail (click to see)
and Statement (click to see) for each client
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Confidential
Contact Information
9737 NW 41st Street, No. 480 ~ Doral, Florida 33178
Tel (786) 206-1146 ~ Fax (786) 375-5508
11/12/2006
Lincoln I. Smith
Carlos R. Pareja
email:
email:
[email protected]
[email protected]
Cel. 305 776 0566
Cel. 305 632 2241
Confidential