The Smaller the Risk, the Bigger the Reward

 Many retail check cashers view the commercial check cashing industry as a vast landscape of impassable territory.  But let me show you the reality before you pass judgment.  According to a check cashing industry report, the average check amount cashed at a retail check cashing location is between $500-$600. Walmart’s average fee rate is 2%-4%,…

What’s Next in Checks?

When retail check cashers assess their respective market conditions, they probably don’t like what they see. Aside from competing with sometimes as many as 100 other check cashers within miles of their locations, there are box stores integrating services that compete, like prepaid card and check cashing programs. The retail check casher is wearing thin.…

Businesses & Prepaid – What’s the big deal?

Although the financial crisis impacted our economy almost six years ago, we are still feeling its effects.  It has gone as far as changing the way we think about money – let alone the disciplines we implement when managing funds. Ever since Americans witnessed firsthand the debt crises, they have gradually transitioned from credit to…