INDUSTRY INNOVATION SESSION LUNCHEON: MOBILE RDC ADOPTION VS. TRADITIONAL CHECK CASHING

Check cashing continues to be the cornerstone and often gateway to other financial services for the underbanked. Walmart and FIS have served this important segment of the population for the past 10+years, and have the largest check cashing footprint in the industry. In 2012, FIS’ InstantFunds mobile solution opened a new check cashing channel to the underbanked and redefined convenience. Learn about who the check cashers are and understand the differences and similarities in their behavior across both in-store and mobile channels. This session will highlight characteristics of consumer behavior, typical usage of the check cashing product and examples of fraud.