How quickly does a customer get access to funds he has deposited? It’s a complicated a question — and that’s the whole problem. From the Ford Model T (1908) to the Tesla Model S (2012), not much has changed with the ways banks handle checks. They are still sent to The Clearing House,Read More
Post Tagged with: "check-cashing"
Welcome to the newest innovation sector: alternative subprime lending. Fort Worth, Texas-based Elevate appears to be leading the charge in this new sector, announcing today that its total loan originations has hit $442 million. Elevate launched in 2014 and offers three products: RISE, a personal loan, Elastic, a paycheck advance, andRead More
Regions Bank released a video yesterday showing “two new concept branches that offer a glimpse into the branch of the future.” The branches include video tellers and ATMs with advanced functionality, such as check-cashing and offering withdrawals in a variety of bills. Both branches are located near universities, one on the campus of the University of Alabama at Birmingham, and the other near Purdue University in West Lafayette, Ind.