This updated analysis by Marketdata examines the controversial but growing “alternative financial services” sector — a $27 billion business comprised of loosely regulated check cashing, payday loan, money transfer and payday loan services. These outlets serve 35% of the U.S. population. Many companies are happy to accept the business of consumers with spotty credit records who have been rejected by banks--the 12 million “unbanked” households that choose not to use traditional banks.Explosive growth had taken place in the payday loan business, but they have come under heavy scrutiny. Critics say these services gouge consumers with high fees and interest rates, but they do provide more convenient hours, less red tape, easier credit, and most customers don’t seem to complain. There are 13,000 check cashing outlets, 11,000 pawn shops, 25,000 payday loan stores and 467,000+ money transfer agents competing for this business today. Many outlets/services overlap—providing multiple services at the same site. The study explores why growth at check cashers and pawn shops is meager, and the effects of the economic slowdown.This new study by Marketdata examines the nature of the business, reasons for the growth of non-bank services, immigration trends, national receipts/growth from 1999-2007, 2008 to 2013 forecasts, average store revenues, customer demographics, key industry trends, federal/state industry regulation/fee caps, self-service check cashing machines, profit margins, franchising, gold prices, global remittance trends, consumer debt levels, reasons for the industry’s past negative image, and more. Findings of research studies by: Fannie Mae, Georgetown University, FISCA, Federal Reserve Board, brokerage analysts, Natl. Check Casher’s Assn., The World Bank, INS, Natl. Pawnbroker’s Assn., U.S. Census Bureau, FDIC, and more.This study is believed to be one of the few in-depth publicly available business analyses that exists of this market. 13 in-depth company profiles (with 2005-2007 financials) are provided for: ACE Cash Express, Check Into Cash, Dollar Financial, Western Union, Moneygram, Ria Financial, Cash America, EZCORP, First Cash Financial, Advance America, Check Into Cash, CNG Financial, and QC Holdings.  

1. Find Industry reports, Company profiles
ReportLinker and Market Statistics
>> Get this Report Now by email!
The U.S. Check Cashing, Money Transfer, Payday Loan Services and
Pawnshops Industry
Published on June 2008
Report Summary
This updated analysis by Marketdata examines the controversial but growing “alternative financial services” sector
— a $27 billion business comprised of loosely regulated check cashing, payday loan, money transfer and payday loan
services. These outlets serve 35% of the U.S. population. Many companies are happy to accept the business of consumers with
spotty credit records who have been rejected by banks--the 12 million “unbanked” households that choose not to use
traditional banks.
Explosive growth had taken place in the payday loan business, but they have come under heavy scrutiny. Critics say these services
gouge consumers with high fees and interest rates, but they do provide more convenient hours, less red tape, easier credit, and most
customers don’t seem to complain. There are 13,000 check cashing outlets, 11,000 pawn shops, 25,000 payday loan stores
and 467,000+ money transfer agents competing for this business today. Many outlets/services overlap—providing multiple
services at the same site. The study explores why growth at check cashers and pawn shops is meager, and the effects of the
economic slowdown.
This new study by Marketdata examines the nature of the business, reasons for the growth of non-bank services, immigration trends,
national receipts/growth from 1999-2007, 2008 to 2013 forecasts, average store revenues, customer demographics, key industry
trends, federal/state industry regulation/fee caps, self-service check cashing machines, profit margins, franchising, gold prices, global
remittance trends, consumer debt levels, reasons for the industry’s past negative image, and more. Findings of research
studies by: Fannie Mae, Georgetown University, FISCA, Federal Reserve Board, brokerage analysts, Natl. Check Casher’s
Assn., The World Bank, INS, Natl. Pawnbroker’s Assn., U.S. Census Bureau, FDIC, and more.
This study is believed to be one of the few in-depth publicly available business analyses that exists of this market. 13 in-depth
company profiles (with 2005-2007 financials) are provided for: ACE Cash Express, Check Into Cash, Dollar Financial, Western
Union, Moneygram, Ria Financial, Cash America, EZCORP, First Cash Financial, Advance America, Check Into Cash, CNG
Financial, and QC Holdings.
Table of Content
Introduction: Study Scope, Sources, Methodology Executive Overview of Major Findings
•Definition of the components of the U.S. market serving consumers outside of the traditional financial services market (the
“unbanked”). Alternative financial services: Check Cashing Stores, Money Transfer Services, Pawnshops, Payday
Advance lenders. Definition of each segment, number of outlets, and reasons for growth, dollar mkt. size 1999-2007, 2008 & 2013
forecasts, major competitors.•Major market trends affecting each of four sectors.•Discussion of reasons for growth of
non-bank services, population living below poverty level.•Discussion of family debt levels.•Discussion of
non-commercial bankruptcy trends.•Discussion of annual U.S. immigrationTables:- U.S. Population Living Below the Poverty
The U.S. Check Cashing, Money Transfer, Payday Loan Services and Pawnshops Industry (From Slideshare) Page 1/5

2. Find Industry reports, Company profiles
ReportLinker and Market Statistics
>> Get this Report Now by email!
Level (1990-2004)- Reasons Why Unbanked Families Do Not Have Checking Accounts (1995-2004)- Debt Service Payments to
Family Income (1995-2004)- U.S. Noncommercial Bankruptcies (1991-2006)- Annual U.S. Immigration (1992-2007)- Market potential:
1999-2013 F estimated $ receipts of check cashing outlets, money transfers, pawnshops, payday loan services, total industry.
The U.S. Check Cashing Industry Summary & Nature of the Business: How Check Cashing Companies OperateIndustry definition
and size. Number of outlets. Check cashers offer convenience for a price. Typical fees chargedOther services offered: money
orders, wire transfers, electronic bill payments, notary signatures, utility bill payments, and lottery ticketsIndustry History and
Evolution•Beginnings in the Great Depression. •Impact of deregulation of the U.S. banking industry.Customer
Demographics (by gender, income, race, etc.)•Scarborough Research 2006 study. •Ace Cash Express customer
profile. •FISCA 2006 trade group customer profileEmerging Industry Trends•Check cashing fees on the rise, Consumer
Federation of America survey•2007 Federal Reserve Payments study, data for 2000, 2003, 2006•The entry of Wal-Mart
into the check cashing market - discussion•More competition from: Pay By Touch, 7-Eleven, Wal-MartIndustry
Regulation•Federal Regulations, state regulations•Definition of: The Bank Secrecy Act, Money Laundering Suppression
Act, USA Patriot Act, Gramm-Leach-Bliley ActTable: Check Cashing Fees, by type check Table: List of state check cashing fee
capsTable: State Banking Departments for States With Check Cashing Fee MaximumsIndustry Size, Growth,
Forecasts•Industry sales: 1999 through 2007•Composition of check cashing revenues by type•Industry sales and
number of projected units for 2008 through 2013Check Cashing Industry Structure & Profit Margins•Review of the composite
financial statements for check cashing outlets in New York State.Table: Number and Dollar Value of Payments by Check in the U.S.
(2007)Table: The major check cashing franchises at a glance, number, fees, capital neededTable: Check volume & fees reported:
1993-2006, New York banking dept.Table: Composite balance sheet of NYS check cashing outlets (2003-2006)Table: Composite
income statement of NYS check cashing outlets (2003-2006)Major CompetitorsTable: The Major Check Cashing chains (no. of
outlets)In-depth Profiles for… (Headquarters location, services, detailed 2005-2007 financials, mergers, history and company
profile)•Ace Cash Express, Inc.•Check Into Cash•Dollar Financial CorporationThe U.S. Money Transfer Services
Industry Nature of the BusinessThe transition from the money order to the electronic wire transfers.How electronic transfers
work.Industry size.•Industry is being driven by the rise in global immigration.Table: U.S. Immigration by Country of Origin
(1999-2003)Industry Trends•International money transfer market is very fragmented.•Major players have a small market
share.•Increased price competition is lowering transmission costs to the consumer.•U.S. banks are developing services
for the U.S. - Latin America transmission corridor.Table: Global Wire Money Transfer Market Share, by type networkTable: The Cost
to Send $200 to Latin America as a % of Amount (2000, 2004)Table: U.S. Bank Money Transfer ProductsRegulation of the
Industry•Review of state regulations.•Review of federal regulations.Industry Size, Growth, Forecasts•Industry
revenues for 1999 through 2004 - discussion & analysis•Industry revenue projections for 2005 through 2008Table: Number of
Western Union and Moneygram Agents Worldwide (1999-2004)Major CompetitorsIn-Depth Profiles for… (Headquarters location
services, detailed 2002-2004 financials).•Moneygram International•First Data Corporation•Vigo Remittance
CorporationThe U.S. Pawnshop Industry Nature of the Business•Earliest form of consumer lending.•Highly
fragmented industry that is concentrated in the southeast and southwestern portions of the U.S.•The pawn loan process -
discussion.Emerging Industry Trends•Pawnshops are entering the payday loan market.Pawnshop Customer Demographics
(by age, race, gender, income, etc.) •Review of the Georgetown study - major findingsRegulation of the
Industry•Review of state regulations.•Review of federal regulations.Table: State Regulations on Pawnshop Interest
Rates and FeesTable: State Pawnbroker Associations - contact and phone.Industry Size, Growth, Forecasts•Industry sales
and number of units for 1999 through 2004 - discussion•Industry sales and number of projected units for 2005 through 2008 -
analysisTable: International Gold Prices (1999-2004)Major CompetitorsIn-Depth Profiles for… (Headquarters location, services,
detailed 2002-2004 financials).•Cash America International, Inc.•Cash America International, Inc•EZCORP,
Inc.•First Cash Financial ServicesThe Payday Loan Industry Nature of The Business•Fastest growing segment of the
alternative financial services industry•The standard and bank business models - discussion•CFSA industry Best
Practices. Guidelines.Table: Comparison of Standard Payday and Bank Payday Loan ModelsEmerging Industry Trends•Check
cashing services and pawnshops are entering the payday loan market - analysisEnd-User Demographics - Who is the Payday
Advance Customer' (by age, income, amount of loan, gender, reasons for loan, etc.)•Review of the Georgetown Study - major
findings•Review of the IO Data study - major findings•Advance America’s customer demographics.Regulation of
the Industry•Review of federal regulation•Review of payday loan terms and interest ratesTable: Comparison of Payday
The U.S. Check Cashing, Money Transfer, Payday Loan Services and Pawnshops Industry (From Slideshare) Page 2/5

3. Find Industry reports, Company profiles
ReportLinker and Market Statistics
>> Get this Report Now by email!
Loan Terms and Interest Rates by State•Industry sales and number of units for 1999 through 2004 - analysis•Industry
sales and number of projected units for 2005 through 2008Table: Payday Loan Outlets by State - number.Payday Loan Industry
Financials & Profit Margins•Review of the Flannery and Samolyk study - major findings.•Discussion of composite
industry financials.Table: Payday Loan Outlet Composite Income Statement for a Typical Unit.Table: Payday Lender Loan Portfolio
CharacteristicsTable: Customer Loan Activity (no. of customers, loans, other metrics)Major CompetitorsIn-Depth Profiles for…
(Headquarters location, services, detailed 2002-2004 financials).•Advance America Cash Advance Centers, Inc.•World
Acceptance Corporation•QC Holdings, Inc.Reference Directory of Trade Associations & Sources •Address, phone,
contacts for major trade groups, consultants, list of industry studies and articles, Wall Street analysts/research reports.
The U.S. Check Cashing, Money Transfer, Payday Loan Services and Pawnshops Industry (From Slideshare) Page 3/5

4. Find Industry reports, Company profiles
ReportLinker and Market Statistics
>> Get this Report Now by email!
Fax Order Form
To place an order via fax simply print this form, fill in the information below and fax the completed form to:
Europe, Middle East and Africa : + 33 4 37 37 15 56
Asia, Oceania and America : + 1 (805) 617 17 93
If you have any questions please visit http://www.reportlinker.com/notify/contact
Order Information
Please verify that the product information is correct and select the format(s) you require.
The U.S. Check Cashing, Money Transfer, Payday Loan Services and Pawnshops Industry
Product Formats
Please select the product formats and the quantity you require.
Hard Copy--USD 1 525.00 Quantity: _____
Contact Information
Please enter all the information below in BLOCK CAPITALS
Title: Mr Mrs Dr Miss Ms Prof
First Name: _____________________________ Last Name: __________________________________
Email Address: __________________________________________________________________________
Job Title: __________________________________________________________________________
Organization: __________________________________________________________________________
Address: __________________________________________________________________________
City: __________________________________________________________________________
Postal / Zip Code: __________________________________________________________________________
Country: __________________________________________________________________________
Phone Number: __________________________________________________________________________
Fax Number: __________________________________________________________________________
The U.S. Check Cashing, Money Transfer, Payday Loan Services and Pawnshops Industry (From Slideshare) Page 4/5

5. Find Industry reports, Company profiles
ReportLinker and Market Statistics
>> Get this Report Now by email!
Payment Information
Please indicate the payment method, you would like to use by selecting the appropriate box.
Payment by credit card Card Number: ______________________________________________
Expiry Date __________ / _________
CVV Number _____________________
Card Type (ex: Visa, Amex…) _________________________________
Payment by wire transfer Crédit Mutuel
RIB : 10278 07314 00020257701 89
BIC : CMCIFR2A
IBAN : FR76 1027 8073 1400 0202 5770 189
Payment by check UBIQUICK SAS
16 rue Grenette – 69002 LYON, FRANCE
Customer signature:
Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at
http://www.reportlinker.com/index/terms
Please fax this form to:
Europe, Middle East and Africa : + 33 4 37 37 15 56
Asia, Oceania and America : + 1 (805) 617 17 93
The U.S. Check Cashing, Money Transfer, Payday Loan Services and Pawnshops Industry (From Slideshare) Page 5/5