The Point of Wealth Register is an onsite kiosk that offers cash compensated employees various secure financial services such as banking, allocating funds to creditors, prepaid Visa cards, charities or IRAs. The idea is to offer financial opportunities at the point of maximum liquidity, helping people to save more money especially for their retirement plans. “When I think of the amount of cash I’ve blown over the past decade, it depresses me,” said Doug Lindstrom, CEO, Point of Wealth Systems, Inc. and veteran bartender, “If I had placed just 5 to 10 percent of earnings per shift in a savings account, I could have saved $40,000 – $60,000 before any compounded interest. With POWR Register, we’re providing an easy to use system that offers retirement and financial options to a market that has been underserved and exploited by high fees.”
The POWR Register has an ATM-like user interface, with a touch screen and a PIN number. The POWR software credits the funds to the appropriate institutions and prints a receipt for the user with the date, time and the last four digits of the receiving account number. For more information, visit: www.thepowr.com .
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