The business of check cashing and payday advance is highly specialized and demands a high degree of control and attention to detail. PaySpot knows, because we provide a POSA solution to many of the top check cashing chains. The control and reporting demands of these customers are necessarily great and we are pleased that our solution and our systems meet the test.

The number of check cashing centers in the U.S. has grown to approximately 6,000, primarily as a result of the demand for a broad range of financial services by many un-banked consumers, longer operating hours and the availability at these locations of other products and services.

PaySpot serves this market with a wide range of prepaid products, especially wireless, that allow the check cashing location to meet the 'convenience' test of the customers and, therefore, greatly expand the locations revenue base. With competition on many street corners, the management of many such check cashing centers seek products and services that give their check cashing customer another reason to select their particular location.

PaySpot offers check cashing centers the ability to sell prepaid wireless from all the major carriers, including Boost, Verizon, Cingular and T-Mobile. In addition, PaySpot offers prepaid long distance and prepaid Mastercard.