US Alliance Group & Chexar Networks Launch Check to Card Check Cashing Solution for National Rollout in Retail Client Base

Fully Integrated Product Suite Provides Retailers with the Same Check Cashing Functionality Once Only Available to Professional Check Cashers

RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)-- US Alliance Group, Inc. (“USAG”), a nationwide leader in wholesale payment processing products and solutions, and Chexar Networks, Inc. (“CHEXAR”), a nationwide leader in check cashing and guarantee solutions, announce the launch of their innovative check cashing product suite for retailers. The suite includes an assisted kiosk station operated by the retailer’s personnel that enables the instant issue and activation of fully reloadable Prepaid MasterCard debit cards. With the solution, retailers are able to cash or load any third party check up to $5,000. In addition, an integrated ATM solution is paired with the suite to further enable the consumer to leave the store with 100% of the cash proceeds loaded on the Prepaid MasterCard debit card.

“Retailers nationally are seeking to increase foot traffic and customer loyalty and this innovative consumer solution is designed to bring this successfully to retailers including one of our large clients with over 4,000 locations,” commented Fadi Cheikha, CEO of USAG. “After trying other check cashing solutions in the market, we partnered with CHEXAR late last year and have been testing various implementation models through the first half of this year. We have already launched pilot locations in several retail channels with better than expected results. We now know that we have the best solution to deliver a strong return on investment for any organization or business looking to compete successfully with a full service check cashing offering that meets all of their customers’ expectations.”

Cheikha went on to say, “Most of the solutions we looked at in the market had so many limitations surrounding check type, size, and acceptable forms of consumer identification, that we believed it presented too many reputational risks for our retailers. Using CHEXAR’s check cashing solution enables retailers to successfully cash more checks.”

CHEXAR Founder and CEO Drew Edwards added, “CHEXAR’s solutions lead the industry in offering full service check cashing in large traditional and alternative financial services organizations. Our solutions have had a successful track record for over nine years but it wasn’t until we partnered with USAG on this large retailer project late last year that we had the opportunity to fine-tune our offering for the unique characteristics of the retail environment. What we have now is an industry first in the retail world.”

About US Alliance Group, Inc.

US Alliance Group, Inc., based in Rancho Santa Margarita, CA, is a complete payment processing solution provider that offers a true one-stop shopping experience for its merchants and affiliates, allowing them to expand their product offerings within the electronic payment processing industry. With more than 100 years of combined wholesale and industry experience, USAG combines business acumen with technology to provide a single source solution for the industry’s leading ISO’s. With product offerings such as Credit Card Processing, ATM, ACH, RDC, Check Cashing, Bill Payment, Gift Cards, MasterCard Issuing, and Prepaid Products, USAG provides unique integration and collaboration, while bringing true industry expertise vital to its members, affiliates and merchants. For more information, please contact 949-888-4408 or visit www.usag-inc.com.

About CHEXAR

CHEXAR® is a Technology Enabled Business Process Outsourcer (BPO) that provides its clients with solutions for serving the nation’s underbanked population now estimated to be almost 100 million people. The gating factor for these consumers is their need to change over 20 types of checks into cash or value.

CHEXAR’s flagship product is currently deployed in thousands of locations nationally and enables any business to convert ALL types of checks to cash or to guaranteed value loads onto Prepaid Cards or other prepaid products. The solution combines multiple national databases, rules engines, and proprietary technology with redundant 24/7 risk management centers. CHEXAR’s risk centers are staffed with experts at check cashing and check fraud and can intervene in minutes to enable clients to successfully serve all consumers with all forms of identification cashing or loading all types of checks. For more information, please contact 770-640-0695 extension 212 or visit www.chexar.com.

USAG is a registered trademark. All other trademarks and/or registered trademarks are property of their respective owners.

US Alliance Group, Inc.
Christina Richard, 949-888-4408
Christina.Richard@usag-inc.com
or
Chexar Networks, Inc.
Chez Echeverri, 770-640-0695 ext. 212
chez@chexar.com

Source: US Alliance Group, Inc.