The New Mio Money Prepaid MasterCard and Mio Now Card Provide a Safe and Flexible Way to Pay

Parents often find prepaid cards a welcome financial convenience to share with teens. The Mio Cards offer parents the peace of mind of knowing that their college students will never be short on cash should an emergency arise, or without money to purchase everyday needs. The Mio Cards can also help parents teach smart money management techniques and financial responsibility. The Mio Cards also provide a safer alternative to cash while traveling. Unlike cash, which is gone if lost or stolen, the Mio Cards can be deactivated in the event of loss, preserving its balance. It also eliminates the inconvenience of money orders and check cashing services for frequent users of cash. Moss noted that there are four specific areas where the Mio Cards offer protection to consumers: 1. Mio Card accounts are not linked to consumers bank accounts and account information is not reported to credit bureaus. 2. Cardholders are protected from unauthorized purchases -- should the Mio Money Card be subject to loss, theft or fraud, MasterCard Zero Liability protection applies and cardholders will not be held responsible for purchases they did not make. The Mio Cards are also protected from unauthorized use through the use of a Personal Identification Number (PIN). The funds on cards are FDIC insured; BankFirst, Member FDIC. 3. Monthly statements are online, eliminating paper records. 4. No written application is required to obtain a Mio Money Card. The Mio Card is NOT a credit card and therefore does not give access to a credit line. Consumers use only the funds that are loaded on the Mio Card account. The Mio Now Card is sold at thousands of retail locations across the country. It is an instant issue card meaning that customers receive a Mio Now Card at the time of purchase. It can be loaded with funds of up to $500 by the customer and activated instantly with a quick call to a toll-free number with successful ID verification and account approval*. Customers then gain immediate access to their funds anywhere STAR cards are accepted, such as ATMs and most retailers. Because the use is PIN-based, the cash balance is protected against unauthorized use if the card is lost or stolen. Within days, customers receive a personalized Mio Money Prepaid MasterCard. The Mio Money Prepaid MasterCard is accepted at over 1 million ATMs, millions of retailers and online -- anywhere Debit MasterCard is accepted around the world. The Mio Cards can be loaded in several ways: - Direct Deposit (including all or part of a paycheck, social security check, or even a tax refund) - Cash loads at any Mio retail center nationwide; (call Mio customer service at 866-840-6461 or go to http://www.miocard.com for location information) Flexibility is a major asset. Mio customers can have multiple Mio Cards set up for a single account balance or have several family accounts that each carry independent balances, allowing control of the balance on each card. Mio Card accounts can be monitored and funds can be shared from one Mio Card account to another instantly by telephone or online (http://www.miocard.com). Proprietary technology allows Mio to post transactions within seconds, so customers can review their most recent transactions, check balances and print statements virtually in real time. The fee structure for the Mio Cards is simple. The average new card retailer fee is just $9.95 and reload fees are $4.95 (regardless of the load amount). The standard monthly account service fee plans range from $4.95 for low usage consumers to a $12 all-inclusive Value Plan for those who use their card more often. For information on the various account/use structures, go to http://www.miocard.com