Offer Semi-Monthly Payments to Improve Subprime Performance

Financial health is built upon the four pillars of smart spending, saving, borrowing, and planning. Taking productive measures in these four areas results in successful financing for day-to-day life, stability in the face of life’s ups and downs, and the capacity to boost financial security and mobility. However, even with increasing financial services and education,

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How to Reduce High Delinquencies for Independent Finance Companies

Keeping your customers incentivized to pay their bills doesn’t have to be an overwhelming challenge for finance companies. After all, lending is the crux of your business, but that doesn’t mean collecting your payments has to be a never-ending headache. With a few targeted strategies, you can reduce delinquencies while effectively streamlining your entire debt

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Industry Trends in Cash Payments and Hispanic Market Insights

Even as credit and debit cards become more popular and new payment methods like mobile wallets enter the scene, the world’s largest economy still relies on cash more than any other payment method. Cash is still on an up-rise in the U.S., contrary to many predictions. 138 million adults in the US are financially underserved

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Disadvantages of Money Orders

Are You Still Accepting Money Orders? Despite a majority of America’s population moving quickly towards a cashless payments system, a large percentage of people still rely on cash-based products to carry out their everyday financial transactions. In fact, more than 1 billion money orders are sold each year, and more than 25 percent of the

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PayNearMe for Lime

In April, Lime introduced their colorful bicycles to St. Louis. Normally, it costs $1 for 30 minutes to ride a LimeBike. To make their bikes more accessible for low-income riders, Lime offers options — like text-to-unlock services — that don’t require smartphones or credit cards. This month, Lime rolled out a new program, Lime Access, that

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No credit card? No problem. PayNearMe now works at Payless.com!

PayNearMe is proud to announce its partnership with Payless ShoeSource! Customers can now purchase online at Payless.com and then pay cash at a nearby PayNearMe payment location, places like CVS and 7-Eleven. Get the benefit of Payless’s great styles at great prices online, even if you don’t have a credit card! How does it work?

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Paying Your Taxes with Cash Is Easy as 1-2-3 with PayNearMe

Now you can pay your taxes using PayNearMe at any participating 7-Eleven stores. To find the nearest location, visit our PayNearMe approved retailer locator. Since it generally takes five to seven business days for payments to be processed, the IRS recommends that you plan ahead of the due date so that your payment arrives on time. So,

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For Lenders It’s Time to Accept Cash Payments. Here’s Why.

According to a study conducted by the Center for Financial Services Innovation, over 138 million adults in the U.S. are financially underserved. These people rely on cash for all of their daily transactions. The last payment method statistics survey results show that: 31% of the value of all transactions is cash (based on a study

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