ACE Money Express, Inc. Early History of Check-Cashing Industry

ACE Money Express, Inc. Early History of Check-Cashing Industry

As a consequence of these modifications, ACE redoubled its efforts to build up non-check-cashing services, shore up existing customers to its business, and reach clients.

Because of these modifications, ACE redoubled its efforts to produce non-check-cashing solutions, shore up its company with existing clients, and achieve new clients. In a ploy to win client commitment, ACE issued the industry ’ s first-ever regular individual card in 1998. The organization hoped this could end up being a favorite function since status “ isn ’ t often conferred on our customers, ” an ACE administrator told Fortune magazine. By 1998, the company had issued more than four million of these Gold Cards june. In 1998 ACE reached an understanding with retail giant Wal-Mart to start ACE outlets in 32 Wal-Mart shops.

The rate of ACE ’ s diversification quickened in 1999 and 2000. That 12 months, ACE linked its Gold Cards to check-cashing terminals that doubled as ATMs. Additionally in 1999, ACE teamed up with Instant Auto Insurance (IAI) to supply automobile insurance to clients. Furthermore, ACE forged an alliance with Travelers Express business to enhance on its Bill Pay system. Starting in 1999, ACE offered its clients the capability to spend almost all their bills at a solitary shop (including mortgages and auto loans). Continue reading “ACE Money Express, Inc. Early History of Check-Cashing Industry”