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Our Services Over time, Arriba intends to become a full service company, offering everything from basic financial tools to insurance, real estate, retirement planning, etc. The Hispanic market has no single trusted provider of all of these services today. We have begun to offer services to the public through our Money Services Platform. This web-enabled platform is designed to provide access to programs that facilitate the actions of cashing checks, paying bills, transferring funds, refilling prepaid products, and accessing special services such as medical discount programs and repatriation services. Built into the platform is a prepaid debit card program that will be live this summer. This will enable Arriba to begin marketing these prepaid cards to customers at retail and will provide the customers with a better way to conduct financial transactions.
Customers can then set up automated debit accounts, allowing them access to services such as Internet, insurance payments, etc that require some type of automatic withdrawal. They can also pay bills and transfer money to other cardholders at a fraction of what they used to pay, suing the phone or Internet. Our distributors and retail partners will all receive a share of the revenue from these cards, essentially setting up recurring revenue streams for them. As the market moves to other forms of electronic commerce such as mobile phone transaction processing, etc. Arriba intends to be a marketing leader. Through our affiliations with leading processors and technology companies Arriba is well positioned to offer any type of services that the market comes to desire. Arriba plans to affiliate with large, well-established providers of regulated financial services such as real estate, insurance and mutual funds. These affiliations will grant our customers access to high quality services that were previously unavailable. By building trust in our brand and continuously ensuring a delightful customer experience, our referrals to these affiliates will be highly valued. The continuation of excellent customer service will be a requisite for ongoing affiliation. The company will distribute our services through retail partners using the Money Services Platform, self-service kiosks, and standalone Arriba Finance Centers located in high traffic locations. Arriba intends to offer franchises of the Arriba Finance Center to entrepreneurs, offering an opportunity to support their community while building a profitable business. When announcing this intention at a recent regional Hispanic Chamber of Commerce meeting, one of the Presidents of a local Chamber expressed the desire to be the first franchisee. |