Payday loans fuel Cash America gains

(Star-Telegram) - Revenue growth for payday loans, including those extended over the Internet, helped Fort Worth-based Cash America International rack up a 19 percent increase in net income for the second quarter.


"All aspects of our business experienced increases in revenue, led by our expanded balances of cash-advance loans, which posted the largest portion of the year-over-year gains in revenue," President Dan Feehan said.


But he stressed that Cash America's pawnshop loans and merchandise sales represented about two-thirds of revenue. Pawn revenue was up 18 percent, he said. More...

The Venetian Macao Engages Global Cash Access to Provide State-of-the-Art Cash Access Services

(Business Wire) - GCA (Macau) S.A., a subsidiary of Global Cash Access Holdings, Inc. (NYSE: GCA), will provide state-of-the-art cash access services to The Venetian Macao Resort-Hotel, a Las Vegas Sands Corp. property.


GCA will provide The Venetian Macao with efficient credit card cash advance and debit card withdrawal transactions for patrons – from GCA’s in-casino QuikCash kiosks, as well as from cashiers and via mobile devices. GCA will also add its patented 3-in-1 ATM functionality to automated slot redemption kiosks provided by NRT Corporation. Casino personnel will benefit from GCA’s QuikCashPlus Web browser, which streamlines transactions and improves customer service. The Venetian Macao will also utilize Central Credit, a proprietary database of gaming patron credit history and transaction data designed to help casinos improve their own credit-making decisions. More...

Cash Advance Store Robbery Suspect On The Loose

(WCPO) - Investigators said the man went in to the Cash Advance store on State Route 28 just after noon and demanded cash.


The suspect is described as:
a white man
in his 30's or 40's.
wearing a peach or orange colored shirt, ball cap, sunglasses and flip flops

Police uncover payday loan scam

The Arizona Republic - Police believe a man arrested at a Chandler payday loan store this week had developed a scheme to cash checks using fake pay stubs and accomplices posing as his employees.


Chester would recruit accomplices and have them open a checking account in their name with very little money in it. He then would send them into a payday loan store to get a cash advance using phony pay stubs he supplied that made the person appear employed. The accomplice would write a check on the account, get a $400 advance then split the money with Chester. More...