News: Portfolio 2007
E-Duction Secures $7.5 Million in Funding
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About E-Duction
E-Duction, Inc. is the leading employment-based financial services firm providing guaranteed-issue, reasonably priced credit solutions that help employers, employees, health plans and banks work together to create highly valued consumer-directed healthcare programs. The company was launched to capitalize on a growing trend in payment technology - payroll deduction. E-Duction's proprietary technology platform is the best-in-class solution for electronic payroll payment and reconciliation solutions. Since 2001, E-Duction has powered payroll payment solutions by delivering guaranteed-issue products and error-free processing to the benefits administration arena. Financial institutions, insurers and employers all benefit from the technology's ease of implementation, automated processing, accuracy and reliability. In 2002, E-Duction
introduced the first payroll deduction card, Clear, that gives employees
interest-free purchasing power.