smartOne SolutionsInnovation, Security, Safety

Yellow Cab Cooperative Pays Drivers with smartOne Visa^® Pay Cards

The Challenge

Yellow Cab Cooperative in San Francisco was looking for a way to limit the amount of cash it needed on hand at the end of drivers' lease periods to settle their receipts, and the cash drivers' carried after settlement.

The Solution

Through its relationship with First National Bank of Omaha, Yellow Cab Cooperative now offers drivers a large portion of their receipts on a smartOne Visa Pay Card instead of in cash.

At the end of each lease period, Yellow Cab Cooperative drivers turn in their cash and credit card receipts for settlement as usual. Instead of receiving cash for their credits, participating drivers will now receive payment on a specially branded Yellow Cab Cooperative smartOne Visa Pay Card. The cards are issued to each participating driver and credits are made available to them at the end of their lease periods. The smartOne Visa Pay Card carries the Visa Debit logo and allows the cardholder to use it to make purchases or withdrawals wherever Visa Debit Cards are accepted. Drivers are also covered by Visa's Zero Liability* protection if the card is lost or stolen, and deposits are FDIC insured.

"First National Bank of Omaha worked with us to create this solution that solves both our cash problems and helps us to streamline our settlement operation," said Nate Dwiri, president of Yellow Cab Cooperative.

Participating drivers can keep track of card value and usage by logging on to a secure Web site. Drivers can view purchase transactions, print statements and confirm value load transactions by Yellow Cab Cooperative.

"We are always ready to find and design solutions that help our customers succeed, and we are pleased Yellow Cab Cooperative asked us to help them create and manage their new driver smartOne Visa Pay Card," said Scott McCormack, vice president of First National Bank of Omaha. "Working with Yellow Cab Cooperative we were able to develop a pay card solution in which funds are available to the drivers immediately following their lease periods. The pay cards are able to provide convenience and security to the drivers and cash management efficiency to Yellow Cab Cooperative by eliminating the worries associated with having significant amounts of cash on hand."

smartOne Prepaid Solutions from First National Bank of Omaha offer secure, creative and innovative prepaid programs to businesses and organizations throughout the United States. Built on a half century of card issuing expertise, smartOne uses a flexible and nimble methodology to provide custom prepaid card design, branding, and program management while offering superior customer service and value.

For more information, visit www.smartonesolutions.com

* Visa's Zero Liability policy covers U.S.- issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.visa.com/security.

The smartOne Visa Pay Card is issued by First National Bank of Omaha pursuant to a license from Visa U.S.A. Incorporated.