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BzP: The Mobile App For Cashless Transactions

Here’s How it Works

BzP is a consumer, business and government membership-facing portal that is delivered as a mobile and Internet-based application.

BzP pre-approves non-government members — consumers and businesses — to be member account holders in the BzP network.

BzP is a compliant, innovative FinTech solution, and it is U.S.-based and offered through financial institution registration with the U.S. Department of the Treasury.

BzP network members exchange their money (cash, credit card or debit card) for BzP Credit. Their money is placed in a 100% collateralized account in U.S. banks, and it is exchanged at the rate of $1 = 1 BzP Credit.

Consumer members use BzP Credit to pay for services and products.

Business members record sales taxes and inventory through BzP, and taxes can be remitted electronically to government entities that are also BzP members.

Taxes can be remitted as frequently as daily or customized to be sent at different intervals.

As BzP members, government entities can also use BzP Credit to make payments to other network members. If payments need to go outside the network, governments simply redeem eepotch Credit as needed, and make payments through a variety of electronic payment options.

As a product offered by a FinCEN-registered financial institution, BzP verifies its non-government members – consumers and businesses – before approving them as account holders in the eXPO™ network. BzP abides by the anti-money laundering rules set forth by the Bank Secrecy Act and the U.S. Patriot Act, among others. Funds are safe and insured, and BzP business members have been through extensive background checks and have passed the strict requirements for membership in the BzP network.

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