Leading Tax Preparer Expands its Consumer and Small Business Financial Services Offerings
Liberty Tax, one of North America’s leading tax preparation companies, announced the commercial launch of its DEEPBLUE Debit (DEEPBLUE) Banking-as-a-Service mobile app with no credit check or minimum balance requirements. The DEEPBLUE solution has received very positive responses from initial customers.
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DEEPBLUE Debit Benefits:
- Bank account with MasterCard® branded debit card offered by Republic Bank & Trust Company, Member FDIC.
- Enhanced Account Security: ability to easily pause/restrict card activity
- Direct deposit of Tax Refunds, Payroll or Benefit payments up to two days faster2.
- Account-to-account transfers
- Mobile Check Capture3
- Payback Rewards Program4
- High Yield Savings Account Option5
- Overdraft Protection Option6
- Budgeting Tool
- Other Value-Added features in Development
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Brent Turner, CEO of Liberty Tax said, “We are proud to offer our customers this exciting new array of solutions to empower their financial stability and growth, complementing our growing base of services. We expect significant synergies in bringing the convenience and power of DEEPBLUE to build on the value we provide to our over 1.6 million Liberty Tax customers.
“Our investment in this new technology, built from the ground up to offer a seamless and satisfying customer experience, is another step in our strategy to build a comprehensive set of complementary financial services solutions for our customers. We believe our customers will appreciate the value and efficiency of managing a growing array of their financial services needs all from the convenience of a mobile application. We are humbled by the trust and faith our clients place in our organization as we help care for and secure their personal finances, and we are deeply committed to helping them reach the next point in their financial goals.”
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