AllTrust to Speak about Alternative Financial Services at Hispanic Retail 360 Summit
August 05, 2010 (PRLEAP.COM) Business NewsAllTrust Networks will be speaking at the Hispanic Retail 360 Summit in San Diego on August 9, 2010 on the topic of Using Alternative Financial Services to Reach Hispanic Consumers.
Mainstream retailers today strive to differentiate their stores, and attract the growing Hispanic market. Many retailers nationwide have begun offering in-store financial services (e.g. check cashing, bill payment, money transfer, and prepaid cards) to aid their outreach efforts to the expanding Latin American market. Offering this type of financial service can drive foot traffic and improve store profits. The Center for Financial Service Innovation reports that over 40% of underbanked consumers prefer to perform financial transactions in a retail setting.
Mr. Chuck Ullan, EVP for Strategy & Finance for AllTrust Networks will address the basics of these services and outline how retailers use them to grow their Hispanic customer base. The talk will provide an overview of potential market (unbanked / underbanked), keys to managing the risks associated with check cashing and other financial services, and specifics on how grocery retailers are effectively implementing these services.
The Hispanic Retail 360 Summit is being held at the Hyatt Regency, La Jolla from August 8-10. For more information on the event, visit www.hispanic360.com.
About AllTrust Networks
AllTrust Networks provides 2,000 retailers nationwide with tools to offer financial services to the underbanked. Check cashing and biometric identity management are available both as web services and through a desktop application.
The Paycheck Secure® check cashing product is the only risk management system available with national networks for both biometric identity and check history. Over 6 million consumer enrollments and 70 million checks have been processed by the AllTrust network. The system also allows merchants to handle bill payments, money transfers, and reloadable prepaid cards. For more information visit www.alltrustnetworks.com or our industry blog at www.unbankedtrends.com.