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Authorized Walk-in Bill Payments

August 31, 2009


The value and demand for walk-in bill payment services is undeniable. It is estimated that over $80 billion will be processed in 2009. In large part, an individual retailer’s bill payment volumes are driven by their physical location, the speed and convenience of their store experience, and the other money services they offer. Additionally, retailers [...]

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Check Cashing 102: Alternatives for cashing a check without a bank

August 20, 2009

What are the options for the roughly one in three Americans who need to cash a check, but don’t have a bank account? Either by choice or necessity, these “underbanked” individuals don’t use traditional banking. But they regularly have checks that they need to cash. (Also see our article on Why don’t people open bank [...]

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Check Cashing 101: Why are check cashing stores necessary?

August 13, 2009

Over the years, we’ve seen a fairly healthy disdain for “check cashers” both in terms of being a rip-off service as well as a magnet for undesirable activity:

Officials aim to rein in check-cashing businesses -  Gazette.net
Twitter search – “Check Cashing”

Rather than just eliminate the businesses that cash checks (Bear Shaving, as Seth Godin would say), [...]

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Top 10 Check Cashing Customer Names

August 7, 2009

For a little Friday fun, I decided to pull the most common name combinations from the AllTrust consumer database (5+ million enrolled check cashing consumers).
Top 10 first/last name combinations

Jose Hernandez (0.05% of all)
Jose Garcia
Jose Martinez
Jose Rodriquez (hmm, I notice a trend here)
Jose Lopez
Maria Garcia
Jose Gonzalez
Maria Hernandez
Juan Hernandez
Maria Rodriguez

OK, I see where those are going.  How [...]

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Sign up for Buzzirk Mobile? You first!

July 27, 2009

One of our sales reps recently came to me with a new product he’d found.  Buzzirk Mobile is offering $89.95 for unlimited data, domestic, and the kicker, international calling to 20 countries.
With such a large percentage of our consumer base originating from other countries, this offer looked pretty promising.  So, we started to dig and [...]

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$250 Stimulus Checks – Watch the Money Flow

July 15, 2009

As part of the recent stimulus package, $250 checks were granted to current Social Security recipients.  Those checks were scheduled for delivery in waves during May.
AllTrust Networks provides management and risk analytics software to approximately 2,000 retail stores.  These stores cash payroll and government check for consumers as an alternative to traditional banks.    We [...]

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AllTrust Networks Data Sourcing

July 15, 2009

At AllTrust Networks, we believe in the power of data and are committed to sharing as much as possible, limited occasionally by competitive prudence for ourselves or our customers.
Data coming from the AllTrust Network refers to our core product, Paycheck Secure.  It is check cashing software deployed at over 2,000 locations across the U.S.  Major customer [...]

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Welcome to Unbanked Trends

May 26, 2009

Welcome to Unbanked Trends Blog.  A large percentage of the US population cannot or chose not to use traditional banking services. According to the Center for Financial Services Innovation, the unbanked community consists of 106 million individuals (or 40 million households).
This blog will provide information on alternate financial services; including check cashing trends, check fraud  [...]

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