PRESS RELEASE
 
 

E-Duction and Vacation Express Offer Six Months to Pay Interest-Free For Dream Vacation Packages
Available to employees through their employer

7/30/03

BLUE BELL, PA, July 30, 2003 — E-Duction, Inc., the provider of CLEAR, a financial program that improves the work/life balance of America’s employees, today announced an agreement with Vacation Express, a leading tour operator that sends close to 200,000 passengers per year to Mexico and the Caribbean, to offer vacation packages through CLEAR’s Budgeting Plan. Participating CLEAR cardholders can pay for Vacation Express packages interest-free over a six-month period, with payments automatically deducted from their paychecks.

Offering the utmost in financial convenience, CLEAR is a payroll deduction card that allows employees to purchase products and services worldwide and pay for them via payroll deduction. Most purchases are paid back over a two-month period interest-free. Budgeting Plan purchases, such as Vacation Express packages, are paid back over a six-month period interest-free. There are never any late fees or interest because payments are made automatically through payroll deduction.

For example, a CLEAR cardholder who purchases a $600 vacation package from Vacation Express, assuming bi-weekly pay, will be charged only $47 for the next 13 paychecks. CLEAR is an outstanding budgeting tool, allowing payments to be paid over time interest-free!

“We are delighted to have Vacation Express join our group of world-class merchants in CLEAR’s Budgeting Plan. Our cardholders will appreciate the convenience of paying for vacation packages over time,” begins Kirk Watkins, CEO of E-Duction. “Our client companies will appreciate the addition of Vacation Express to the Budgeting Plan because they want to help their employees better manage work/life balance.”

“This program helps employees take stress-free vacations. Vacation Express takes the worry out of planning, and E-Duction eliminates the financial concerns often associated with travel,” states Sidney Pease, Director of Marketing for Vacation Express. “This partnership allows workplaces to offer something different to ease their employees’ lives. We are excited to be a part of CLEAR’s Budgeting Plan.”

For more information about CLEAR, Vacation Express or E-Duction, please contact Theresa Wabler at 610-642-8253 or Theresa@gregoryfca.com.

 

About E-Duction
E-Duction was launched to capitalize on a growing trend that has emerged in payment technology - payroll deduction. In July of 2002, E-Duction introduced the first payroll deduction card, CLEAR, that gives employees interest-free purchasing power, 365 days per year. CLEAR is an innovative employee program that allows employees to make purchases at over 29 million MasterCard acceptance locations worldwide and spread payments out over future paychecks. E-Duction has teamed with some of the world’s largest consumer financial services companies including MasterCard International.

 

About Vacation Express
Vacation Express is an Atlanta based tour operator that sends close to 200,000 passengers a year to Mexico and the Caribbean. It is a member of the MyTravel Group. Vacation Express currently offers complete vacation packages departing from most U.S. cities to Aruba, the Bahamas, Cancun, Costa Rica, Cozumel, Jamaica, the Mayan Riviera, Punta Cana, and St. Martin (with connecting service to Anguilla and St. Barth’s). For reservations, book on-line at www.vacationexpress.com or call Vacation Express at 1-800-309-4717. Vacation Express is open Eastern Standard Time, Monday – Friday, 8:30 a.m. – 8:00 p.m.; Saturday, 10:00 a.m. – 5:00 p.m.; Sunday, 10:00 a.m. – 5:00 p.m.

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E-Duction's Payroll Deduction Card System Patent Allowed - Read the press release