Our Company
In the Press
 
 

Radnology Launches the Green1040 Visa® Prepaid Card on the Denarii Platform

The Green1040 prepaid card service enables tax professionals to distribute tax refund cards to their customers

Atlanta, GA - February 26, 2010 - Radnology LLC today announced the launch of Green1040, an innovative prepaid card service that enables tax professionals of all sizes to distribute Green1040 Prepaid Visa® cards to tax payers receiving tax refunds. The Green1040 card enables tax payers to receive tax refunds by direct deposit instead of receiving paper checks. Receiving refunds by direct deposit has many advantages including faster payment by the IRS, increased convenience and the elimination of checks that can be lost in the mail.

Radnology chose Denarii Systems as its program manager and processor for the Green1040 because of the value Denarii's platform will bring to Green1040 cardholders including mobile based account management, mobile payments, remittances and cardholder services such as pharmacy discounts and PINless Long Distance calling. Angel Pacheco, CEO of Denarii Systems (www.denariisystems.com), had this to say about the new service: "We have processed cards for numerous international programs. We decided to be the processor for Green1040, as one of our first domestic programs, because of the market demand for this service and the deep experience of the management team."

Green1040 is available for the 2010 tax season and was designed to make distributing prepaid cards a straightforward process for tax professionals. Tax professionals register at www.green1040.com and once approved can use the Green1040 website to register their tax preparation customers. The tax preparer can order cards in bulk and hand them to customers or opt to have cards delivered to individual customers by Green1040. The Green1040 system instantly provides the customer with the direct deposit information to be provided to the IRS. The Green1040 card is a prepaid Visa card that can be loaded by direct deposit from federal and state tax refunds as well as payroll. The card can also be reloaded with cash at thousands of locations throughout the United States and can be used wherever Visa is accepted.

"Over the last three years we have seen national tax preparation services use prepaid cards as a convenient method for the underbanked population to receive tax refunds by direct deposit. Through Green1040, tax preparation services of all sizes now have an easy way to provide cards to their customers and compete with the offerings of the large national chains," said Stanislav Filippov, CEO of Radnology. He added, "With their end-to-end platform and solutions Denarii is able to bring our product to market in record time. They are the ideal partner as a processor and program manager to realize the vision goals of the Green1040 card."

About Radnology, LLC

Radnology LLC is an Atlanta based financial services technology provider focused on developing innovative prepaid card programs and assisting other companies in enhancing and growing their prepaid card programs. The Company's services include prepaid program positioning, marketing strategies and technology development. Radnology provides both business and technology consulting services to companies within the prepaid industry. The company utilizes their proven "Rad Steps" methodology in all engagements to ensure optimal results, consistent performance and high customer satisfaction. Learn more at www.radnology.com and www.green1040.com.

About Denarii Systems

Denarii Systems, www.denariisystems.com, offers payment and information services across its hosted electronic transaction platform focusing on mobile-based delivery of financial and payment services. From its Miami office the company serves a global customer base by providing end-to-end mobile linked stored value solutions to banks, telecoms, retailers, and government.