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2008 Software Roundup
Computerization and software advances have allowed tremendous progress in the check cashing/payday lending industries.
Besides the basics of keeping track of the details of the business, money services businesses have to comply with an array of governmental requirements. Software makes all this practical and possible.
Here’s a look at the software available today to make your life easier. All these
descriptions have been submitted by the companies themselves; all had to comply with a limit of 100 words.
B.E.S.T.
 B.E.S.T. Inc. founded in 1982 is proud of serving the Financial Services community for 25+ years with over 4000 systems and satisfied users worldwide.
The software has been approved by the Illinois Department of Financial Institutions since its conception and is used by them for their audits.
Since early 2000 the company has developed software platforms for Bill Payment, and Debit Card Processing along with Check-21, ACH, and advanced Compliance & Risk Management Tools is at the forefront of innovating new technologies for its clients.  
The company philosophy and focus are customer service, and delivering the highest quality product conceivable
Masis Sarkisian
847-827-0100


Bill Collector in a Box
For an entrepreneur, collecting past-due invoices can be a nightmare. Do you know how to start the collections process? What does an official past-due letter look like? How do you report to the credit bureaus? Can you report someone who has written you a bad check? How do you track down someone who is avoiding you? Bill Collector In A Box™ lets you take control of past-due invoices. Designed by experienced collection professionals for small-business owners, this cost-effective, easy-to-use software puts years of expertise at your fingertips. It defines a methodology to follow so that you quickly collect money owed.
Ryon Gambill
President-Nationwide Capital Recovery                                      
(866) Bad-Chex (223-2439) Ext. 120
760-423-1111 Direct
www.BillCollectorinaBox.com




Cashwise
Cashwise offers the most comprehensive payday loan system on the market. It offers services that span from basic check cashing to installment loans to selling goods and services. We strive to stay the leader of the payday lending market by constantly adding and updating modules to meet your needs, such as with our Check 21 module, collections module, and WiseCard prepaid Visa module. As laws and customer needs change, Cashwise responds quickly to provide the products and services our customers need. Our goal is to make doing business as easy for you as possible. The possibilities with Cashwise are limitless.
Softwise
2474 N. University Ave.
Provo, Utah 84604
(801) 371-6000
www.softwiseonline.com


Check A Check
Finally, true real time check and account verification — comprehensive real time data for check cashers, payday lenders* and Internet lenders.*
Unlike other systems that simply check routing numbers or provide a pass or fail response, Check A Check provides access to over 750 million  bank records and checks for account closed; fraud (as reported by financial institutions); invalid routing number; NSF; stop payments on account; post no debits (ACH); non-DDA accounts and negative account reporting (via NCN).
Completely Web based, no software required and only cents per transaction.
*Certain restrictions of use apply to payday and internet lenders.
Robert Fimet, Certified
RMF Consulting Group, LLC.
(866) 244-7209
www.checkcashingcompliance.com



Chexar
Chexar® is a technology, processing, and network company that provides a centralized, turn-key risk management platform enabling them to safely and profitably offer professional check cashing services. Chexar® is building the nation’s first “Approval Network for Check Cashing” by creating a national database of consumers, payers and check cashing transactions. This network will allow consumers to cash their checks anywhere the CHEXAR network sign is displayed. Chexar® and its technology and platforms were born as the core operating platform for the nation’s most innovative Hispanic banking initiative, El Banco de Nuestra Comunidad®. where check cashing was a core product.
J. Richard Chambers
623 Holcomb Bridge Rd.
Roswell, Ga. 30076
(770) 640-0695
richard@banuestra.com
www.banuestra.com


Data Age
Data Age Business Systems is a leading provider of financial transaction software solutions for money service businesses such as pawn, check cashing, payday advance, signature loan and title loan lenders. The company’s product line is integrated with many third-party systems that bring clients new levels of efficiencies and effectiveness. For both single- and multi-store operators, Data Age has simple to highly sophisticated solutions to help cut costs, facilitate regulatory compliance, automate and streamline processes, and guarantee new levels of protection and flexible decision support tools. Quantifiable and qualitative tools measure performance and help out clients to better understand their customers.
Tom Streng, President
Victor Guzman, Vice President Marketing & Sales
10225 Ulmerton Road,
Suite 10A,
Largo, Fla. 33771
(888) 949-7296
www.dataage.com


digiCHECK
digiCHECK and digiCHECK.net from Coribrand Systems provide a variety of essential services to check cashers and  POS vendors. Using digiCHECK, stores scan checks and electronically upload them to digiCHECK.net for storage, aggregation, and Check 21 submission. If you don’t use digiCHECK, you can still use our check archiving services for offsite check storage and online retrieval. In addition, digiCHECK.net offers a wide variety of organizations automated OFAC and directory assistance tools to help you identify your clients as well as check approval tools that allow you to automate your check approval process.
(630) 529.0845 x1
www.coribrand.com


Digital Currency Systems
A leader in the check cashing industry, Digital Currency Systems provides state of the art software for check cashing, bill payment, money orders, payday loans, pre-paid products and foreign currency. Our check cashing software, Sigcard, is BSA compliant and Check21 ready as well as integrated with online verification services so that customer and account validity can be confirmed before cashing the check.
Digital Currency Syste9ms
847-498-9955 Ext.1
Sales@dcsorg.com


eCash Software Systems
eCash Software Systems is a complete Web-based management solution for the payday advance, check cashing, and title loan industries. Our features include: Teletrack and Veritec interfaces, automated ACH interface, corporate office system, integrated time clock, multi-drawer functionality, accounting system interface and an integrated collections system. eCash was developed by a top-notch team  directed by seasoned industry professionals. The result is a software system that provides management tools that make your business operationally efficient and successful. Our staff understands your business as well as they understand software support and design. We believe you must master both to provide a superior product.
eCash Software Systems, Inc
216 Avalon Circle
Brandon, MS 39047
601.919.2275
www.eCashSoftware.com



eCheckTrac
Introduced in 2001, eCheckTrac is a mature and tested web-based software tool designed specifically for managing Payday, Title, CSO and Installment loans.  Its ease of use and its robust and comprehensive rules engine make it the perfect software solution for small loan management.  Whether you are an Internet lender who needs software to automatically apply the appropriate states rules for each loan or a storefront operation that needs strong cash management functionality, eCheckTrac is the complete solution.
eCheckTrac, Inc.
5 Ridge Rd.
Colorado Springs, Colo. 80904
www.echecktrac.com
sales@echecktrac.com
(719) 632-3760


FUND$ Financial Services Software
FUND$ Financial Services Software by High Touch, a veteran 23-year technology solutions company, is simply a dependable, powerfully constructed POS system scalable to meet your payday advance and related services needs. FUND$ is supported by true 24x7x365 technical and training support. FUND$ permits the choice of fully functional accounting and record keeping on site, or seamless remote home office features and accounting functions. No annual contract obligation.  No initial software purchase impact. Only monthly fees. To learn more about the FUND$ advantage, visit www.hightouchinc.com and follow the FUND$ link.
High Touch
2020 N. Amidon
Wichita, Kansas  67212
www.hightouchinc.com


Ideal Software Systems
Ideal Financial Services products are a comprehensive suite of software and hardware designed specifically for the Check Cashing, Payday Advance and Title Loan industries. These products are designed to help you grow your business, prevent losses and simplify day to day operations. From single-store startups to multi-state operations with hundreds of locations, Ideal Financial Services products are easy to own. Flexible package options and easy expandability make it easy to get started and allow you to grow at your own pace. A wide variety of add-on modules and hardware options make Ideal your long-term business partner.
Phone for Sales:  (800) 964-3325
Email:  ccwinsales@idealss.com
www.IDEALSS.com


Payday Loan Manager
“The Loan Software That Makes You Money”
Every month, more companies are switching to Payday Loan Manager than any other software in the industry.  The two most common reasons companies we hear are “Ease of Use” and “Functionality”. Developed using superior technology and a customer centric process Payday Loan Manager provides you all the tools you need to automate your business and be competitive in today’s industry. Our platform gives you the ability to offer payday, title, CSO and installment loans not to mention the Industry’s most advanced online lending solution.
(866) 729-3682


PayDay Quick Loan
IvyTek, a family-owned company, provides technological solutions for the lending industry. The company now focuses on general IT services and solutions, including remote backup data storage, Web-based initiatives and on-line information services. Its principle product is the easy-to-use PayDay Quick Loan(tm) software, which processes deferred deposits, cash advances and auto title loans. It expedites collecting customer information, taking payments, calculating rates and fees, and associated form printing. Numerous reports track activities for any day or period. Customer service includes on-site installation and training, toll-free telephone support and frequent updates. All IvyTek products are network ready and Windows compatible, including VISTA.  
IvyTek, Inc.
219 Rainbow Drive, Suite 11912
Livingston, Texas 77399-2019
(800) 596-9792
sales@ivytek.com
www.ivytek.com


PowerCheck32 Financial Services Suite
Any Customer. Anywhere. One System. Designed by Answers, etc. specifically for financial services centers, PowerCheck32 handles multiple loan types, including: payday, title, installment, and internet. Merchants are able to cash checks and sell an infinite number of services including billpay, debit cards, money orders, and more -- all in the same transaction.   PowerCheck Internet Lending Module provides even greater market penetration, sharing data with the stores. Answers, Etc. has been an industry leader in the financial services market for 19-plus years. Designed, tested, and implemented by financial service center owners, PowerCheck32 offers years of collaborative, real-world experience.
Tim Mackin
Director of Sales & Marketing
Answers, etc.
(800) 275.1418 x102

TellerMetrix
TellerMetrix specializes in sophisticated check cashing and payday-loan software solutions that are easy to use yet hard to fool. Founded in 2000, TellerMetrix first established itself as the leading software provider for check-cashers in New York, where transaction volumes, regulatory obligations, and fraud far exceed what is experienced in any other US metro market. It has since seen its user base spread to a dozen states. The TellerMetrix software suite, which includes advanced compliance and multi-store modules, addresses the operational demands of the teller window and the information needs of management -- and is backed-up by a tenured support staff.
Richard Kelsky
(877) 224-3257 ext. 34
rkelsky@tellermetrix.com
www.tellermetrix.com



TranDotCom Solutions
TranDotCom Solutions provides the most preferred software and loan processing services for the short term lending industry.  We offer a 100 percent Web-based software to storefront and Internet lenders which enables maximum loan portfolio performance. TDC provides the tools necessary for complex lending and integrates to the best in breed industry credit bureaus (Factor Trust, CL Verify, and Teletrack), the most proficient ACH companies, and to the majority of lead providers. Let us assist you in taking either your storefront, state by state compliant Internet, or alternative Internet business to the next level.  
(678) 355-1551 ext 1276
sales@tdcemail.com
www.trandotcom.com



The Independent Magazine for Neighborhood Financial Services Providers