Survey: E-Duction’s Clear MasterCard® Program Rates High in Customer Satisfaction

BLUE BELL, Pa.--(BUSINESS WIRE)--E-Duction, Inc., the leading employment-based payments firm providing guaranteed-issue, reasonably-priced credit solutions for employees, announced that more than four out of five respondents in a recent survey said they were highly satisfied with the company’s Clear MasterCard® program. The survey of 300 current cardholders was conducted in April 2007 by an independent market research firm.

The Clear Card is only available through employers as a voluntary benefit. It has some unique features such as guaranteed-issue credit and automatic payment via payroll deductions that traditional credit cards don’t offer. Sixty-one percent of those surveyed said the program was “much better” than traditional credit cards. Eighty-three percent of respondents were “highly satisfied” with the card’s zero percent interest rate. Eighty-three percent of those surveyed were “highly satisfied” with the card’s automated payroll deduction repayment mechanism. And 81 percent of respondents were highly satisfied with the card’s guaranteed-issue feature.

According to Paul Chicos, CEO of E-Duction, “These survey results are a testament to the real value behind the Clear Card’s unique features. Employers who offer the Clear Card as a voluntary benefit are recognizing that by giving their employees access to a budgeting tool that helps them better manage their finances, they benefit as well. When workers are less stressed about their personal finances, worker productivity, retention and work quality increase.”

About E-Duction

E-Duction, Inc. is the leading employment-based financial services firm enabling guaranteed-issue, reasonably-priced credit solutions. Employers, working with their health plans and banks, offer these innovative solutions to their employees to help them better manage their out-of-pocket healthcare and other every day living expenses. The company was launched to capitalize on a growing trend in payment technology - payroll deduction. E-Duction’s proprietary technology platform is the best-in-class solution for electronic payroll payment and reconciliation solutions. Since 2001, E-Duction has powered payroll payment solutions by delivering guaranteed-issue products and error-free processing to the benefits administration arena. Financial institutions, insurers and employers all benefit from the technology’s ease of implementation, automated processing, accuracy and reliability. In 2002, E-Duction introduced the first payroll deduction card, “Clear,” that gives employees interest-free purchasing power. Clear is an innovative voluntary benefit that allows employees to make purchases at more than 33 million MasterCard acceptance locations worldwide and spread payments out over future paychecks.

E-Duction is headquartered in Blue Bell, Pa. For more information about E-Duction, please visit www.e-duction.com. E-Duction® is a registered trademark of E-Duction, Inc. All other trademarks and registered trademarks are the property of their respective owners.