Cash America 2000 Annual Report Download - page 13

i n n o Ve n t r y
Cash America, through its
wholly-owned subsidiary, Mr.
P a y r oll Corporation, developed
and deployed the first ever fully
automated check cashing machine
in June of 1997.
To d a y,
i n n o Ve n t ry
Corp., based in San Francisco,
C a l i f o rnia, is responsible for
continuing to advance the business
concept and has deployed over 1,000
fully automated check cashing
machines. These units are located in
major mass merchandisers such as
Wa l - M a rt, convenience stores such as Circle K,
and gro c e ry stores such as Kroger and Albert s o n ’s .
The first commercially viable innovation to
the freestanding automated finance service outlet
since the ATM, the Rapid Payment Machine
M r. Payroll Corporat i o n
The predecessor to innoVe n t ry Corp.,
M r. Payroll operates or franchises 132
kiosk check cashing locations hosted mostly in
convenience store locations in 20 states. Small
convenience store chains enjoy the benefits of check
cashing services which have been proven to incre a s e
customer traffic and generate increases in sales.
Check Cashing System
ATM System
Money Order System
(coming soon)
Risk Management Engine
C u s t o m e r
I n f o r m a t i o n
C u s t o m e r
S e r v i c e
R o u t i n g
M a c h i n e
M o n i t o r i n g
R e p o r t i n g
E x t r a n e t
F i n a n c i a l
T r a n s a c t i o n
P r o c e s s i n g
ATM & Credit
Card Networks
Customer Service Centers
Service representatives are
available around the clock
RPM Cash
M a n a g e m e n t
M a c h i n e
Biometric camera scans
u s e r’s face to authenticate
identity and create a digital
s i g n a t u r e
Advanced risk management
engine evaluates transactions
to minimize risk
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M r. Payroll is positioned as the
low-cost provider of check cashing
s e rvices and offers money ord e r s
and other services to customers in
convenient, easy-to-use kiosks.
M r. Payroll opened 7 new
franchises in fiscal 2000 and is
positioned for further growth in
the coming year.
Check Cashing Activities
Check Cashing Activities
( R P M ) p rovides customers a fast, convenient and easy
way to cash checks. At the end of Febru a ry 2001, Cash
America owned slightly less than 20% of innoVe n t ry
Corp. Other large shareholders of innoVe n t ry include
Wells Fargo Bank and
Capital One Financial Corp.