Convenience Store

Convenience stores only account for about 5% of the check cashing market (according to a March 2007 report from Aite Group).  This is a great opportunity for you to increase your revenue; while minimizing your exposure to fraud.  The Paycheck Secure system can help your c-store provide a robust financial service offering; including check cashing, prepaid cards and walk-in bill payment, to drive traffic, increase store loyalty and minimize cash concerns. With just the touch of a finger your c-store customers can transact faster and more securely.

Using Paycheck Secure Convenience Store retailers can now:

• Look up customers with their finger - no ID needed after enrollment.
• Automatically verify each transaction against our proprietary national database of bad check writers.
• Speed check cashing transaction and search time; promoting a friendlier check cashing experience.
• Real-time confirmation of a check maker account to determine if it is open, active, or overdrawn.
• Deposit checks electronically  - significant time savings, more secure transactions and faster access to funds (Next-day funding available).
• Easily comply with government MSB regulations  - online CTR and SAR reports as well as SDN OFAC list screening. Every transaction and enrollment is cross referenced with the SDN OFAC list.
• Participate in a check guarantee program for all payroll checks.
• Offer your customers an alternative to cash, Prepaid Cards.
  

If you are store with multiple locations, you can benefit from our multi-store enrollment feature.  Your customer only needs to register once, and then they can cash checks at any store within your chain.  The system will download the record of a customer who is enrolled at another store in the same chain. 

• Customer saves time and inconvenience of an additional enrollment.  They simply put their finger down, and system will look them up within the local store; if they are not there, system will search for a matching record within the chain.
• Your store can provide a great service to your customers while benefiting from capturing additional data – now the customer’s entire check cashing history within your chain is available.