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How It Works

Specifications        Loan Kiosk      

Consumer Loans - PayDay Loan
The new loan kiosk easily obtains customer information for a
Consumer Loan,  PayDay Loan, or Check Cashing  in just minutes

 

           kiosk front 02-14-2002c).2.gif (68451 bytes)

                     Consumer - PayDay Loans
  • The first time customer enters all the personal information that is require on the touch screen  (name, address, ss#. etc.).  The kiosk will retain all personal information on existing customers.
  • The customer selects the loan type.
  • The kiosk verifies customer's personal information. 
  • The customer will fill out a check to be scanned by the kiosk, submitting the check for approval.   The repayment of the loan is via ACH.
  • The customer reads all the documents and the kiosk captures the customers signature.
  • The loan is electronically processed for approval.
  • The kiosk prints a copy of all the loan documents, ACH agreements, and a check  for the customer, or the funds could be put onto a debit card.
  • The customer cashes the check at the service counter in the retail store, or the funds could be loaded onto a debit card.
  • The kiosk sends a copy of the loan documents to the lender.

                                 Check Cashing
                                      

  • The first time customer enters all the personal information that is require   (name, address, ss#. etc.)  The kiosk will retain all personal information on existing customers.
  • The customer inserts the payroll check to be scanned by the kiosk.
  • If the check is approved the customer will be instructed to take the check, along with an approval document to the service counter in the retail store.  The service counter will dispense the cash to the customer keeping the check and a portion of the approval document.  The funds could be placed onto a debit card.

  

We can offer you a "turn key" operation to get you into the payday loan business........you buy the kiosk and fund the loan......we do everythng else for you.......from the ACH of funds to collections.....................