This past October, my team demonstrated to the attendees of the FiSCA Conference just how important a strong process system is to a commercial check casher. With many of these attendees already experienced retail check cashers, they asked us, “why do I need someone to teach me how to cash a commercial check?” The simple…
A prepaid debit card is just a card – without the business program behind the card that makes it a successful, revenue generating product.
The financial crisis of 2008 – we’ve all heard of it, we’ve all been affected by it, but do we really know why it happened? And, do we truly understand how it has affected our country’s view of handling finances? While there were a bunch of events that led up to the financial crisis of…
The banking industry became digitalized by the implementation of the Check 21 Act back in 2004. This law eliminated the need for handling physical checks, and in its place, a digital version of the check would be used to settle transactions. In theory, this act would revolutionize the way money is handled between banks and…
After the Wall Street Journal’s report last week about the elimination of free checking accounts from 41% of America’s financial institutions, consumers should be worried. As a record high amount of cash is being stashed in checking accounts – $1.4 trillion as of the third quarter of 2013, up from nearly $1.3 trillion in 2012…
You’ve realized that staying in the retail market simply isn’t cutting it. You understand there is an ever-growing market just waiting to be tapped into. You’ve set your sights on small businesses. But you’re faced with an overwhelming question. How do retail check cashers make the move to small business money? The answer is commercial…
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.…
Check Cashers United 