The Consumer Desperation Index retreated in October to a value of 120 from a peak of 132 in September. October’s level of 120 is down from September but still up 20% from our starting month of March 2010. The recent downward trend is encouraging and perhaps expected as seasonal hiring in retail may have brought …
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Consumer Desperation Index 0
People are desperate. We see it every day here at Chexar Networks. We validate checks at thousands of locations in over 37 states for all types of retail locations. Here is a scary figure. One out of every 30 checks people are trying to cash at our client’s locations turn out to be invalid or …
Read MoreClimate is Changing at FiSCA Conference 1
I have been attending the annual meeting for Financial Service Centers of America (“FiSCA”) for 8 years now and this year I noticed a climate shift. The shift is in part found in an evolution of the types of companies attending the show, and in the attitudes of the traditional vendors frequenting the show. The …
Read MoreSelf-Serve is coming for the Underbanked 0
If you had asked me 10 years ago if I thought self-service kiosks for underbanked financial services like money transfers, bill payment, and check cashing would be a reality in my lifetime I would have said “no way”. At that time I was working with the underbanked Hispanic community in Atlanta trying to figure out …
Read MoreEl Banco de Nuestra Comunidad 1
As of this past Friday El Banco’s future is in transition once again. The bank that purchased El Banco from us in late 2007 has fallen victim to the banking crisis and has been closed and sold by the FDIC, leaving El Banco in the hands of a new owner once again. If you count …
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