Access to Money, Inc. and People Capital Announce Partnership
CHERRY HILL, N.J. and NEW YORK, March 25, 2010, Access to Money, Inc. (OTC Bulletin Board: AEMI),
(http://www.accesstomoney.com),
one of the largest providers and non-bank operators of ATMs in the United States and a provider of outsourced student loan
services, and People Capital (http://www.people2capital.com), a privately held
company with a turnkey solution for the selection,
origination and servicing of private student loans, today announced a three year exclusive partnership to bring People Capital's
loan lending technology to credit unions and community banks across the country. With this partnership, Access to Money now
offers both origination and servicing support to its customers.
Through this relationship, People Capital will provide its loan origination technology to Access to Money, which will be used
by Access to Money to offer new private loan options to credit unions and community banks with a focus on college students.
These options from Access to Money will be available to help these financial institutions attract new members and customers
and assist borrowers with their higher education financing needs. In return, People Capital will share origination and other
fees for loans originated by Access to Money.
Additionally, Access to Money will fully utilize People Capital's proprietary Human Capital Score™,
(http://www.humancapitalscore.com), an alternative credit risk metric for students
and young adults developed and
launched in 2009 by People Capital. Built on rigorous academic research by leading labor economists, the Human Capital
Score helps lenders assess student loan risk by using academic merit data such as GPA, standardized test scores, college and
major, along with traditional demographics data and metrics, to provide insight into their future earnings potential and ability
to repay a loan.
"Through People Capital's singular focus on student loan financing, we have been able to develop a technology solution that can
be fitted for a variety of private label needs," stated Tom Shelton, CEO and founder of People Capital. "This agreement will enable
Access to Money to offer a full suite of loan origination options to financial institutions, while allowing us to explore new
private label options in other market sectors."
"This partnership with People Capital aligns us with a forward thinking technology company that has developed its solutions
with the needs of college students in mind," said Richard Stern, President and CEO of Access to Money. "With access to People
Capital's loan origination and Human Capital Score services, Access to Money looks forward to providing a complete product
solution to credit unions and community banks across the country, particularly at a time when parents and students alike are
evaluating their higher education financing needs."
About People Capital
People Capital (http://www.people2capital.com) was founded by a team of world-class
talent with backgrounds in student loans, consumer finance, credit ratings and new media in order to develop the next generation
of credit risk management and funding for student loans. Its lending platform allows students to finance their college educations
through improved access to private student loans. Its patent-pending Human Capital Score™
(http://www.humancapitalscore.com) measures students without credit history by using
academic and credit data to model future individual income levels, and therefore their future ability to pay off the loan.
About Access to Money, Inc.
Access to Money, Inc. is one of the largest providers and non-bank operators of ATMs in the, United States. With more than
12,000 terminals under contract, its customers range from national specialty stores, retailers and credit unions to individual
convenience stores, and are located throughout all 50 states. Access to Money also provides student loan outsourcing services
to university credit unions throughout the United States.
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