| Financial Service Centers of America (FiSCA), is
the professional trade organization representing the nation’s
financial service center providers.
FiSCA was established in 1987 and today its members
comprise more than half of all financial service centers with more than
7000 locations in communities across the country.
The financial service center industry in the U.S. is
composed of approximately 13,000 neighborhood financial service centers,
which conduct more than 350 million transactions each year, providing an
estimated $106 billion in various products and services to an estimated
30 million customers.
In recent years, as a broader spectrum of consumers
have sought increased financial service convenience, including
flexibility of hours and faster delivery of financial services,
community-based financial service centers have proliferated.
Financial service centers offer a wide array of basic
financial services to millions of Americans who cannot or choose not to
use banks. These include check cashing, money transfers, money
orders, bill payments and small dollar, short-term loans.
FSCs provide consumers with immediate access to their
money which is important to them since they may be unable to wait until
a check clears through the banking
system.
Consumers also appreciate the range of “pay as
you go” services FiSCA members provide that meet their needs for
convenience and value while giving them the peace of mind of knowing
there will be no hidden fees or back end charges associated with their
transactions.
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