Check-Cashing Outlets In A Changing Financial System
Document Type
Paper
Publication Date
2-1-2002
Published In
Check-Cashing Outlets In A Changing Financial System
Series Title
Working Papers
Abstract
This paper discusses changes in the financial sector that threaten traditional check-cashing outlets (CCOs). Specifically, the paper focuses on four developments that may radically alter the check-cashing industry over the coming decade: the growing use of electronic payments, the deployment of automated check-cashing machines, the rise of payday lending, and the development of "bank/CCO hybrids."
Keywords
checks
Published By
Federal Reserve Bank Of Philadelphia
Recommended Citation
John P. Caskey.
(2002).
"Check-Cashing Outlets In A Changing Financial System".
Check-Cashing Outlets In A Changing Financial System.
Volume 04-2,
https://works.swarthmore.edu/fac-economics/357