Valuation Resources

Check Cashing and Money Transfer Services

SIC 6099  |  NAICS 522390

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more. See the following sections listed below to view available resources by category: industry analysis, trends, statistics, and forecasts; financial statements and financial ratios; compensation and salary surveys; and business valuation resources. For guides to other industries, see our index of over 400 industries.

Industry Analysis, Trends, Statistics, and Forecasts

Check Cashing & Payday Loans  (view report)
Credit Card Processing & Money Transferring  (view report)
Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:
Sample report and selected data including market size based on revenue, five-year average growth rate, number of businesses, and total employment are available free online.

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
Information 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.



Financial Statements and Financial Ratios

BizMiner
Industry Financial Ratios
Check Cashing
https://www.bizminer.com  Search for "522390"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level including:
Sample national and metropolitan area reports are available free online.

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

BVMarketData
www.bvresources.com
Private company sales transaction data for over 800 industries.



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