FlexWage Solutions Named as Finalist for Financial Services Innovation Award

FlexWage was named a finalist in the Core Underbanked Innovation Challenge. 60 million
Americans are financially underserved in today’s market, representing a $29 billion industry.
Innovations in this area are extremely important to serving this diverse and growing market. The
Challenge highlights and rewards these innovators and their achievements in the field. FlexWage
will present at the 6th Annual Underbanked Financial Services Forum June 9th, where a winner will
be selected.

Mountainside, NJ, June 06, 2011 --(PR.com)-- FlexWage Solutions Named a Finalist in “Core
Underbanked Innovation Challenge”

FlexWage to present at the Center for Financial Services Innovation (CFSI) Underbanked Financial
Service Forum

Core Innovation Capital announced today that FlexWage® Solutions LLC, the socially responsible
alternative to the payday and alternative loan debt trap, has been named a finalist in the “Core
Underbanked Innovation Challenge,” earning one of the top spots for the most innovative new financial
product serving the unbanked and underbanked in America. As one of the four finalists, FlexWage will
present its new solution at the sixth annual Underbanked Financial Service Forum in New Orleans this
month. The FlexWage product provides all of the benefits of a payroll card with the added benefit of
access to earned wages when they are most needed. FlexWage challenges traditional services provided by
payday and auto title lenders, pawnshops and check cashers, and prevents employees from spiraling into
debt by eliminating high fees.

Organized by the Center for Financial Services Innovation and American Banker, the conference brings
together the best of the underbanked financial services industry. As a finalist chosen for its innovation
and cutting edge product, FlexWage will present its friendly, employer-sponsored system that gives
employees access to money they have already earned prior to payday, strengthening productivity and
retention.

“Companies are recognizing that millions of U.S. workers without access to savings or credit struggle to
deal with short term financial emergencies, and are beginning to implement financial wellness benefits
for their employees, said Frank Dombroski, President and CEO of FlexWage Solutions LLC.
“Increasingly, FlexWage is being recognized as the unique, compelling solution.”

By providing fast and easy access to earned but unpaid wages through its WageBank® product,
FlexWage saves employees money while increasing employer's bottom line through improved employee
productivity, satisfaction and retention, and the elimination of costly payroll disbursements via paper
check. Employees receive a FlexWage payroll card and via WageBank are able to instantly transfer
earned but unpaid wages onto the card. They incur only a nominal flat convenience fee. There is no loan,
no interest and nothing to repay since accessed funds are simply deducted during the next payroll cycle.

Page 1/3
PR.com Press Release Distribution Terms of Use
Core Innovation Capital invests in technology-driven companies that strengthen the American middle
class by delivering the highest value to underbanked people, who currently pay an estimated $29 billion a
year in fees and interest charges. A venture capital limited partnership based in New York City, Core's
institutional investors are led by Goldman Sachs. For more information about Core Innovation Capital,
visit http://www.corevc.com.

Core Innovation Industry Challenge recipients will be formally recognized at the sixth annual
Underbanked Financial Services Forum which takes place on June 9 in New Orleans, Louisiana.

About FlexWage
FlexWage® Solutions LLC is an innovative financial services company dedicated to providing
compelling solutions to employers and employees via its patent pending WageBank product. FlexWage
offers the industry's only solution that provides employees reasonable access to earned wages in advance
of their scheduled payday. Through its products, FlexWage helps improve quality of life for employees,
enhances employee productivity, and minimizes expense and environmental impact by reducing
paper-based payroll delivery. The FlexWage platform was developed by a team of financial services and
IT leaders, with 60+ years of combined experience in the commercial credit and debit payments industry.
Learn more at www.flexwage.com.

Contact:
Pamela Johnston, Cloud12 PR
Pamela@cloud12pr.com
(646) 918-8812

www.flexwage.com/press/

###

Page 2/3
PR.com Press Release Distribution Terms of Use
Contact Information:
FlexWage Solutions LLC
Rocco Laterzo
908-232-5700
info@flexwage.com
www.flexwage.com

Online Version of Press Release:

You can read the online version of this press release at: http://www.pr.com/press-release/329312

News Image:

Page 3/3
PR.com Press Release Distribution Terms of Use