Check Cashing & Money Transfer Services – Industry Analysis, Statistics, Trends, and Forecasts
See the following sections listed below to view available resources by category:
For guides to other industries, see our index of over 400 industries.
Industry Analysis, Statistics, Trends, and Forecasts
Credit Card Processing & Money Transferring (view report)
- Market size and major product and service segments
- Key industry statistics, trends, and financial ratios
- Operating conditions and current performance
- Competitive landscape and environment
- Major company profiles and market shares
- Five-year outlook and growth forecasts
Dekos Publishing LLC
Cheklist Magazine
https://cheklistmagazine.com/ / digital-edition
Quarterly trade publication provides news and information for neighborhood financial service centers which cash checks and provide payday loans, with topics covered in the publication including industry news and trends, marketing tips and ideas, product and service information, regulatory and legislative updates, and recent judicial decisions. Print edition of the magazine is available by subscription only.
FISCA
Resources available from this trade association include:
Currents Magazine
https://www.currents-magazine.com/
Triannual trade journal provides news and information for owners and operators of financial service centers,
with topics covered in this publication including industry news and developments, business operations, marketplace
trends, employee training, technology updates, regulatory compliance, and association events and activities.
Current and archived issues of the magazine are available online.
FAQs
http://www.fisca.org/
FAQs section provides answers to frequently asked questions concerning financial service centers (FSCs),
with topics addressed in this section including types of services provided; industry size in terms of revenue,
locations, customers, and transaction volume; regulatory compliance; customer demographic profile; and reasons
why customers use FSCs rather than banks or credit unions.
Research
http://www.fisca.org/
Research section includes various reports that provide an overview of the industry and its services, with
topics covered in these reports including market size, volume, and scope; product and service offerings;
differences between FSC and bank business models; customer demographics; reasons why customers use FSCs
instead of banks or credit unions; and FSC service satisfaction ratings.
Marketdata Enterprises, Inc.
U.S. Check Cashing & Money Transfer Services
https://www.marketdataenterprises.com/
Market research study provides in-depth analysis of this segment of the consumer financial services industry, with topics covered in the study including customer demographics, market size and growth, key market trends, and regulatory environment and firms profiled including Ace Cash Express, Inc., Amscot Corp., Check Into Cash, Inc., Western Union Company, and MoneyGram International, Inc.
Ken Research
U.S. Money Remittance and Bill Payments Market Outlook
https://www.kenresearch.com/
Market research report provides a comprehensive analysis of the U.S. remittance and bill payments market, with topics covered in the report including money transfer value chain; remittance market by transaction volume, major channel (e.g., bank, non-bank), and service mix; competitive landscape; market share of major players by bank/non-bank channel; and market future outlook and projections.
Koncept Analytics
Global Remittance Report
https://www.konceptanalytics.com/
Comprehensive report provides a detailed analysis of the global remittance market, with topics covered in the report including overview of the remittance system; remittance market by income characteristics; global region, and largest receiving and contributing countries; market dynamics and trends; regulatory compliance; competitive environment; profiles of major companies; and market outlook and forecast.
BizMiner
Market Analysis
https://www.bizminer.com
Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.
For more industry research reports and other resources, see the following resource guide.
Financial Statements and Financial Ratios
Check Cashing
https://www.bizminer.com Search for "522390"
- Income and expenses in dollars and percentages
- Balance sheets in dollars and percentages
- Profitability and return on investment ratios
- Liquidity and working capital ratios
- Asset turnover and efficiency ratios
- Capital structure and debt service ratios
IBISWorld
Check Cashing & Payday Loans
(see links for individual reports)
Cost structure benchmarks section of this report provides an analysis of industry costs and profits as a percentage of total revenue for nondepository consumer financial services firms that provide check, draft, and money order cashing services and may also provide their customers with unsecured short- term payday cash advance loans, longer-term personal installment loans, and other related services.
Compensation and Salary Surveys
U.S. Bureau of Labor Statistics
Nondepository Consumer Financial Services
https://www.bls.gov/oes/
Annual employment and wage survey provides hourly and annual wage data for personnel employed by nondepository consumer financial services firms on a national, state, and metropolitan area basis, with establishments in this financial sector including companies that provide check, draft, and money order cashing services and money transfer services for consumers on a per transaction fee basis.
PayScale, Inc.
Money Transfer Service
https://www.payscale.com/
Free online service provides salary and hourly wage data for selected job positions such as business development manager, HR operations manager, compliance officer, customer service representative, and teller, with employers for which salary or hourly wage rate data is provided including MoneyGram International, Inc, The Western Union Company, Ria Financial Services Ltd., and Sigue Corporation.
Business Valuation Resources
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