Check Cashers

Preserve Your Customer Relationships as the World Transitions to Electronic Payments

For consumers for whom traditional banks are not an option, check cashing businesses play a vital role in serving their financial needs. Check cashers have provided the means for the unbanked to cash their payroll and benefits checks. Now, check cashing businesses are being threatened by the rapid transition away from paper checks to electronic payments. In fact, the US Department of Treasury has imposed deadline of May 1, 2011 to terminate the issuance of paper checks for new recipients of benefits and non-tax payments. Funds will be remitted electronically to either a bank account or a prepaid card account. If the recipient has neither, the funds will be remitted to a government sponsored card account. States are also moving quickly toward electronic payments and employers are not far behind.

In order to preserve valuable customer relationships and salvage hard earned business, check cashers need to get onboard with this movement. Convenient Cards offers check cashing operations a turnkey prepaid card solution that will preserve a revenue stream and transition their customers to the electronic payment world. Time is of the essence. Don't risk losing your customers. Act now, before your customers sign-up with someone else or join a government sponsored program.