Building Strong Employee Relationships

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Building Strong Employee Relationships
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E-Duction was founded on the idea that enhancing
payroll deduction technology could help both
employers and employees

• Assembled an outstanding team with senior-level
  experience at American Express, Bank of America,
  General Electric, MBNA, and PepsiCo
• Invested to build the right technology platform
• Built alliances with strategic operational
  partners
• (MasterCard, First Data, and Capital One)
• Granted two payroll deduction patents
• Developed highly desirable, no-cost voluntary
  benefit that helps employers build stronger
  relationships with employees

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CLEAR is a versatile financial program, only
available to employees through their employer

• A payroll deduction card that allows
• employees to pay for goods and
• services interest-free over a
• two-month period
• The CLEAR budgeting plan for major purchases
  offers six months to pay interest-free for
  eligible expenses
• Any medical,dental or vision expense over 199
• Employee tuition over 199 (accredited colleges
  and universities)
• Eligible purchases at select merchants such as
  IBM, Carnival and AutoZone

Available to employers who enroll by August 31st
and implement by October 31st
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CLEAR helps employees by offering a fiscally
responsible way to deal with lifes necessities
and financial emergencies
"Even for more established workers, budgeting can
be difficult to manage, especially when life's
inevitable events occur - the car needs brakes,
the kids need back-to-school clothes. The
readily available funds CLEAR provides can give
employees a better cushion to cope with
unexpected emergencies." Kelley Blassingame,
Employee Benefit News, September 2002
Did you know that 62 of American households do
not have a savings account or save on a regular
basis? Did you know that the average American
household pays over 1000 in interest annually?
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Statements are mailed to cardholders monthly and
are also available online anytime
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CLEAR is helping major employers address some of
their top human resource objectives

• Providing good news in the midst of rising
  healthcare costs
• Enhancing work/life programs
• Becoming/remaining an employer of choice
• Increasing usage of benefits
• Helping employees deal with financial emergencies

Making a positive statement Easing financial
stress Offering a broadly appealing
program Breaking down the barriers to
participation Getting the employer out of the
loop Reducing 401(k) borrowing
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Feedback from participating employers has been
extremely positive
All of the employee feedback we have received
has been very positive, referencing specifics
such as the easy application process, the ability
to use the benefit as best fits their lifestyle,
and all the choices they have when using
CLEAR. Helen Dubil, Manager HRIS HR
Administration, Reliance Standard Life Insurance
Company
Select companies
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There is nothing else like CLEAR on the market
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CLEAR has received a lot of attention due to the
innovative nature of the program
"Debt is endemic and unhealthy. It drives
employees crazy, causing them to miss work, waste
time, and job hop... Last winter E-Duction began
offering the Clear Card, a debt-buster that can
help employees make credit card purchases without
paying interest." Janet Wiscombe, Workforce,
November 2002
Top placements
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Our operational partners are world class

• The payroll deduction solution provider
• E-Duction utilizes patented technology to offer
  products that help both employers and employees
• Provides payroll deduction services
• Manages technology and HRIS interfaces

• The recognized payment brand
• MasterCard-branded cards were used for about 13.6
  billion transactions in 2002, equaling 1.14
  trillion in dollar volume
• Provides acceptance of Clear at over 29 million
  locations worldwide

• The card processor
• With 29,000 employees, First Data handled more
  than 10 billion merchant transactions in 2002 for
  North America alone
• Provides transaction authorization and processing
  services
• Issues statements

• The card issuer
• Capital One is a leader in the direct marketing
  of financial services, with over 47 million
  accounts in 2002
• Provides 24/7 customer service
• Develops employee communication (approved by
  employer)

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What other benefit do you gain value from nine
times a month?
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CLEAR is a program that makes an immediate
difference
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How it Works
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The employee communication plan is built based
on your existing channels

• E-mail
• Inter-office mail
• Paycheck stuffers
• Posters
• Pay stub messaging
• Intranet/Internet
• Newsletter

All you have to do is approve the plan
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Implementation is straightforward and requires
minimal resources we guarantee it

• Most companies can be launched within 30 days of
  enrolling in the program
• Implementation usually requires less than 20
  hours (total on-site time is typically less than
  6 hours)
• There is no cost to you other than very limited
  resource involvement
• If implementation takes more than 20 hours of
  your IT and payroll staffing time, we will pay
  you for incremental time, up to a cost of 5,000

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Existing functionality of your payroll system is
all that is needed to implement CLEAR

• Interaction between your payroll system and
  E-Duction is handled via payroll adapters
• Adapters are available for all major payroll
  systems

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CLEAR is a high-value product with relatively
low program requirements

• Technical needs
• Windows NT, 2000, XP or UNIX
• At least 128 megabytes of free RAM
• 128-bit digital certificate
• Dedicated Internet connection with data security
• Necessary information
• Identifying employee information (such as name,
  address, DOB, SSN)
• Payroll data (such as frequency, salary, hire
  date)
• Rollout and management
• Communicate program to employees via e-mail at
  minimum
• Include CLEAR in the exit process/checklist for
  terminating employees

In exchange, E-Duction provides you with a
turnkey, no-cost solution and assumes all
liability for the program
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Ongoing data transfers can be fully or partially
automated, depending on your needs

• Fully automated Data exchange is handled
  automatically by the adapter
• Partially automated Data exchange is controlled
  manually

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Our security and privacy policies are stringent

• Our security policies equal or exceed financial
  industry standards
• All sensitive customer information is encrypted
• Audits performed by Ernst Young, KPMG, and
  MasterCard
• CLEAR is fully compliant with governmental
  regulations regarding non-public information
• Fair Credit Reporting Act (regulates use of
  credit information)
• Gramm-Leach-Bliley Act (protects non-public
  personal information obtained by financial
  service providers)
• No HIPAA or ERISA risk
• E-Duction does not share or sell employee
  information with unrelated third parties

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Many companies have been surprised by how easy it
is to implement CLEAR
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• "When a new idea comes along that claims to be
  'the ideal voluntary benefit,' it's probably
  worth your time to check it out We've already
  looked into it, and guess what? It just might be
  true. ...E-Duction presents the CLEAR card as a
  solution to several problems, from both the
  employer's and the employees' points of view.
  ...And some employers choose to introduce the
  card as a positive at a time when they are faced
  with communicating cost increases or other bad
  news."
• Lisa Higgins, Best Practices in Compensation
  Benefits