FiSCA Names Jay Shipowitz, CEO and Chairman of ACE Cash Express, as Financial Service Provider of the Year

(Las Vegas, NV, October 19, 2008) - The Financial Service Centers of America (FiSCA) today recognized Jay Shipowitz, CEO and Chairman of ACE Cash Express, as its 2008 William Siegel Financial Service Provider of the Year. The award was presented during FiSCA’s 20th Annual Conference and Exposition in Las Vegas, NV. This is the 18th year FiSCA has presented this award to a leader in the financial service center industry.

“Through the leadership of Jay Shipowitz, ACE Cash Express epitomizes our industry’s cutting edge,” said Joe Coleman, FiSCA Chairman. “From the quality of the stores the company operates to the innovative products and services offered there, ACE has set the gold standard for how businesses should treat their customers. Jay and ACE epitomize how good customer service is also good for the bottom line.”

In addition to being a leader in innovation, under Shipowitz’s leadership ACE also has deepened their ingrained sense of community and has demonstrated the importance of building strong local ties. ACE is a frequent winner of FiSCA’s Activa Awards. Every year, ACE generously donates money and employee time to a wide array of initiatives throughout their service area. As a result, the company enjoys a sterling reputation in communities across America.

“In addition to his day job, Jay is a key leader within FiSCA, constantly demonstrating his commitment to providing positive direction and guidance in shaping the future of our industry,” continued Coleman. “For many years he has been a dynamic force for positive change which I expect to continue for many years to come.”

The award was renamed in honor of former FiSCA Chairman William Siegel who passed away earlier this year.

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ACE Cash Express, Inc. is a leading retailer of financial services, including short-term consumer loans, check cashing, and bill payment and prepaid debit card services, and the largest owner and operator of check cashing stores in the United States and the second largest owner and operator of short-term consumer loan stores in the United States. As of May 1, 2008, ACE had a network of 1,792 stores in 38 states and the District of Columbia, consisting of 1694 company-owned stores and 98 franchised stores. ACE focuses on serving consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to financial services. For more information, visit www.acecashexpress.com.

FiSCA, founded in 1987, is the national trade association for more than 7,000 individual financial service centers across the United States. FiSCA members provide a wide variety of financial services and products to their communities, including check cashing, money orders, money transfers, and electronic bill payment services, automatic teller machine access, government benefit and payroll payments, small dollar short-term loans, electronic tax preparation, prepaid debit cards, deposit acceptance services, public transportation fare and token sales, motor vehicle license plate and title distribution, postage stamp sales and numerous other services. For more information, please visit www.fisca.org.