Tranax Unveils Self-Service Check CashingTerminal

Published May 24, 2005, 1:00 a.m. EDT

|

Updated August 27, 2020, 2:29 a.m. EDT

1 Min Read

FREMONT, Calif. - (05/24/05) -- Tranax Technologies Inc. said it haspartnered with Financial Payments LP to create a self-service checkcashing solution with ATM functionality. The self-service CheckCashing SST terminal allows consumers to cash any kind of check,not just government or payroll checks, and offers accountenrollment, account debit card issuance and real-time checkverification and approval, eliminating the need for any clerkinteraction. The terminal also offers retail ATM functionality. Theterminal is currently being beta-tested and is expected to beavailable commercially at the end of the second quarter.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Bank Notes

Stress testing the stress tests

U.S. banks have passed the Federal Reserve's stress tests with flying colors, again. It makes you wonder if the stress tests are actually stressful enough.

By Paul Vigna
Managing Editor

35m ago
Practice and client management

Should advisors even care if SEC green-lights semiannual reporting?

Whether advisors choose individual stocks or not, the SEC's proposal to allow semiannual reporting rather than quarterly could impact clients' portfolios.

By Zoe Sagalow
Reporter

50m ago
Wealth management

How to win clients' held-away assets without being pushy

Many clients avoid consolidating their assets at a single firm because they don't want the hassle. Advisors say it's important when to know not only when they're most likely to want to move assets, but also what to say.

By Dan Shaw
Reporter

June 25
Policy, Politics and Regulation (Leaders)

CFPB makes changes to complaint portal, citing abuse

The Consumer Financial Protection Bureau is overhauling its consumer complaint portal after receiving 6.6 million complaints last year, more than double the 3.2 million in 2024, citing abuse by credit repair firms and social media influencers.

By Kate Berry
Reporter

June 25
Morgan Stanley

Morgan Stanley gets conditional approval for trust charter

The wealth management firm received its conditional approval from the OCC as it seeks to manage custody of digital asset investments for its clients.

By Melinda Lucy
Tech Reporter

June 25
M&A

Georgia bank makes deal to expand into South Carolina

Colony Bankcorp has reached a $163 million deal to acquire Florence, South Carolina-based First Reliance Bancshares.

By Kevin Wack
Banking Editor

June 25

Load More