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How the bloody hell can you misplace 125,000+ investors?1
There is one main reason why people spend their hard earned money on owning shares – to receive dividends. This is a given. However, recently at least 125,000 shareholders were left out in the dark about their dividends. That means an unclaimed $42 million1 will go to the State government coffers instead… 42 million dollars!
The reason? The share registry could not easily pay all their shareholders.
This is a common problem, and one may wonder how many companies are having similar issues…
Technocash has the solution. Technocash offers a portable, feature packed account, which can provide share registries with a simple, cost effective and workable method of dividend payment. The Technocash system has been designed to benefit both investor and company alike.
Investors with a Technocash account will now:
- Have a permanent home for their investment payouts
- Never miss a payment ever again by updating their own contact details online
- Never miss a payment when changing their bank account
- Receive email confirmation on all dividend payments
- Receive full detailed report keeping – all in the one account
- Never have to wait for a cheque to clear and avoid bank charges
- Be able to receive their global investments in multiple currencies
Your One Account
With a Technocash Global account card, shareholders can receive their dividend payments straight to their online account. Dividend funds can be kept in a Technocash account to spend online, hold funds, re-invest or transfer directly to another bank account – you’re in charge! A Technocash Global account card has multi-currency capabilities, which enables multiple currencies to be held in the one account at the same time (great if being paid by overseas companies). It also allows you to move money internationally with ease. You can keep your money in your account in the currency of your choice. These innovative features mean that Australian investors can hold $AUD alongside $USD, €EURO, $NZD, etc, from foreign investments all in one account.
Full Record Keeping
All Technocash accounts have full historical record keeping. Save on fees associated with retrieving transaction histories while avoiding the inflexibility of monthly or quarterly statements sent by mail. With a Technocash account you keep up to date with your transactions by accessing all information, viewed in real time, anytime. Set your own password, address, phone numbers and bank account details for payouts. Logging in is easy with your account number and password.
Small Investor
If you are a small investor of any kind, a Technocash account is the perfect solution to your dividend worries. Just tell your company/share registry you want your dividends sent to your Technocash account. Technocash has a number of account options depending on your personal needs, ranging from the Technocash BillFold card, the Global BillFold card to the truly versatile Global FX card.
CASE STUDY
One Account For Simplicity
Mrs. Jones is a shareholder in Telstra, IAG, Macquaire Bank and BHP Billiton, and owns a Technocash Global BillFold account. She could now receive all of her Australian dividend payments into her one, online Technocash account. All the companies/share registries need is her Technocash account number, and to accept the Technocash system for her payments. Simple.
Overseas Investments
Mrs. Jones also wants to invest in overseas companies. Mrs. Jones receives $EURO and $USD already from her foreign investments, sometimes by cheque. Mrs. Jones always hates these cheques, as they are “almost uncashable”. Registries do not like to pay the high costs of wire transferring what are often small dividend payments. Technocash is different. When Mrs. Jones owns a Global BillFold and her investment companies/share registries accept the Technocash system, she can receive her overseas payments in multiple currencies into her one Global BillFold account. This makes receiving money internationally streamlined and easy.
Re-Invest
She may use some of the dividends from her payments she has received to re-invest, because her Technocash account can hold multiple currencies. This way she need not suffer the normal costs of currency conversion or overseas cheque clearances. She may also load some more money into her account via internet banking and Giro Post if needed. Click here to learn how to load more money into your Technocash account.
She can then use the multi-currency features of her BillFold to convert the money she wishes to invest into another currency – all from her home computer. After she has entered the banking details of the company she wishes to invest with, she can simply transfer her investment into their account.
Full Reporting
Thanks to Technocash’s secure system, Mrs. Jones can keep track of her payments with our simple record keeping function and by opting to receive a confirmation email with each payment. Just print your transactions and give them to your accountant. Simple.
Large Investor
If you are a large investor with multiple investments locally and internationally, the Global FX card is for you.
CASE STUDY
Get What You Deserve
Mr. Smith has investments in many countries, and in many different companies. He enjoys investing, and enjoys receiving his dividends even more. What he does not like, however, is not receiving the payments he should, having to update his contact details and additional paperwork with all his registries. All Mr. Smith has to do to end these troubles and begin afresh with Technocash is insist that his investment dividends are sent to his Technocash account.
Keeping In Contact
The problem is, it can be very easy these days to lose track of shareholders. All Mr. Smith has to do is change his bank account or move house and he might never be tracked down for his dividends. Technocash is different. With a Technocash account, Mr. Smith can literally log into his account online, and update any contact changes he has. These changes can be reflected back to the company/share registry. Even if he does move house or change bank accounts all his dividend payments are now safe in one location – in his Technocash Global FX online account.
Re–Invest
Got a Technocash account and been receiving your dividends? Maybe you want to put this money to use… maybe you want to re-invest it. Smart idea, because with a Technocash account you can re-invest locally or overseas in participating companies with the click of a button… beats waiting in a line, doesn’t it? Ask your investment company to accept Technocash payments that use cleared funds and instantly transact. Ask your company to use the power of Technocash.
CASE STUDY
Make Your Dividends Go Further
Ms. Lehman has been receiving dividends from her shares for a few years now, and has been saving them to re-invest. She thinks she may re-invest them in a company she already owns shares in. As Ms. Lehman has a Technocash account she can now send her saved dividends straight to any Technocash enabled company. She can do this online anytime.
Save Time
It is a good thing Ms. Lehman is a shareholder of a company who uses Technocash, or she would most likely have to wait in long lines, fill out extra paperwork, make phone calls and waste money on postage to do this. Now she can re-invest from the comfort of her home or office computer.
Need More Funds?
As a Technocash account is a fully functional account, Ms. Lehman, like any other Technocash user, has access to so many features. When she wants to load more money into her account she can. Her card’s barcode is simply scanned; then she loads funds using cash or EFTPOS. So easy. With this money Ms. Lehman can shop online, hold funds, bank out, or even re-invest.
Company / Share Registry
As you have just read, receiving all your investment returns into one simple, online account makes good business sense for all shareholders. However, for the whole company/share registry to use Technocash makes even better sense…
Save Time And Money
Your share registry can save time and money by using the Technocash automated system via our Organization Account for all shareholders. Imagine simply pressing a button to send all shareholders their dividends online… real cash to real accounts. This will save your processing department all the costs and hassles associated with incorrect or out of date payee data. Most importantly you can be assured that all your dividends will reach your members’ accounts automatically like never before. You look good; it’s that simple.
Keep Track Of All Shareholders
It is difficult with the current processes used in businesses to keep track of every shareholder… but not anymore. When your company chooses to use the Technocash system all your clients will have a permanent financial contact point. They can log into their personal account and update any contact details that may change over the years. Your clients can use the Technocash system by accessing the internet, and this can be found at most local libraries, at internet cafes and at work places. Shareholders can also update their mobile phone details on one of our IMSE loyalty terminals.
Suitable For All
Whether you are a small investor or a large organisation, a Technocash account is suitable for all:
- Individual
- Investor
- Company
- Super fund
- Self managed super fund
- Affiliates
- Trust
- Master trust
- Investment fund
- Property trust
Affiliates
Imagine being able to regularly pay all your affiliates, no matter how much credit they have stored for the month. No more losing affiliates from your program because they can’t see the benefits… however big or small their monthly payment is, they can see it appearing right in their Technocash BillFold. Do not forget, BillFold-to-BillFold transfers are generally free!
Pay commissions on every transaction, even it is even only a few dollars or even just cents!
Why Technocash Works
Cleared Funds
The Technocash system works on cleared funds. This means that only real, electronic cash enters our system. All transactions are recorded, and every cardholder can log into their own account and check their personal account records. The transaction details can have extensive reporting on each dividend payment, ensuring you know which company paid how much for what shares over what time frame. Great for the accountant and for you. We help the company/share registry to get the information to you.
Extra Features
If you live in Western Australia, then as many of you know owning a Technocash card is even better because you can use your card to receive CashBack rewards for shopping at participating stores. Click here to learn more! Our tens of thousands of cardholders in WA are able to reap massive loyalty rewards.
Fully Accredited
Technocash has been operating since 2000. We are AFS licensed, so you know we are under strict Australian Government financial regulations (AFSL No. 247299). We have full disclosure of terms and conditions and operate so you can actually contact us. Use our Feed Back form to make queries or suggestions.
A Technocash account is feature packed. It really is
“Faster, Cheaper, Easier…”
Wouldn’t you like to know for certain that you were receiving
all the dividends you deserved? Get your investment company to pay your dividends into your Technocash account.
What Can You Do Now?
Now that you have learnt all about how the Technocash system can help you receive your dividends (and so much more!) all you have to do is apply for your Technocash account and inform your company/share registry to use this account. Please see our home page www.technocash.com, and click on the Join link from the main menu for an application form.
The team at Technocash wants to make doing business, investing and moving money as simple and user-friendly as possible. Our system is secure, Government licensed and fully operational. We know that we can make receiving dividends (and other payments) easier for you.
Request that your share registry uses the Technocash system so that you can receive every dividend that you deserve. The company you have invested good money in should respect you as a shareholder and want to do what is best for you…
Easily receiving all the dividends you are entitled to is exactly what you deserve.
Request them to use Technocash so that you receive what is
rightfully yours.
Apply online for your Technocash account, advise your company/share registry to put all your dividend payments into your one Technocash account today and start receiving all the dividends you should!
Click here for a Application to Request Technocash - send it to your
company / share registry and insist that they use Technocash today!
Note 1: Rolfe, J. 2006, "Small time investors missing out on windfalls", The Daily Telegraph, News Ltd, Sydney, 24 April 2006, Page 1-2
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