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Home   About   Membership   Resources   Government Affairs   Meetings & Events Oct. 16, 2012
 
 
 

What bankers can learn walking
in underbanked's shoes

American Banker    Share    Share on FacebookTwitterShare on LinkedinE-mail article
If you were to browse through our company's digital photo album, you would spot some interesting shots: A banker at a pawnshop, getting a quote on his Ivy League class ring. A payments executive in a check cashing outlet, trying (and ultimately failing) to cash a personal check. A financial technology senior business leader loading cash onto her prepaid mobile phone account. Since our inception, the Center for Financial Services Innovation has convened financial services companies from across the entire supply chain for signature thought leadership programs designed to accelerate the development of profitable, high-quality products and services for the underserved. More
Special note: Please be aware that your store could be selected by a mystery shopper. A mystery shopper is hired to investigate customer service and employee honesty at a business. The shopper poses as a customer or client, and tries to find out whether employees at a specific business are honest and helpful.

Related article:
Interpreting the FDIC Survey of Unbanked and Underbanked Households (Harvard Business Review blog)




Connecticut's Pawn Paradise sets out to break stereotypes
Post-Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
They're "Pawn Stars", "Dog the Bounty Hunter" and "Storage Wars" all rolled into one and this trio at Pawn Paradise is living the dream. Pawn Paradise in Hamden, Conn., is owned and operated by Krista Jacobs, Craig McCarthy and Tracy Hlavaty. They pawn, trade, buy, sell, cash checks, bond and provide notary services. Since they opened in 2011 they've come across just about everything. More

Better Business Bureau warns about unauthorized payday loan fees
Las Vegas Review - Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Better Business Bureau issued a nationwide consumer warning about a cluster of online payday loan businesses in Las Vegas that have charged people who browsed their websites in recent months $30. More than 370 complaints have been filed against the companies in recent months, the BBB said. More

Thieves intercepted a shipment of new $100 bills they won't be able to spend until 2013
Business Insider    Share    Share on FacebookTwitterShare on LinkedinE-mail article
CNN Money reports that a "large amount" of newly-minted $100 bills were recently stolen by unknown thieves, according to the FBI. The bills were taken from a shipment headed for a Federal Reserve in New Jersey sometime after it landed at Philadelphia International Airport on a commercial flight from Dallas on Oct. 11, the FBI said. More

A Place Just for You: Stuller.com/pawn

Pawn is changing. We have, too. Stuller has developed a website just for our pawn jeweler featuring deals of the week, tips, and events designed just for you.
Stuller.com/pawn: a place just for you.


New York pawnshop becomes a pawn star — Pawn shop opens store in cyber space
PRWeb via Times Union    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawning is not only a quick solution to get out of a financial fix; it can also be a great pastime. With the ever-fluctuating value of gold, many pawn shops are so busy with "gold buying" transactions the pawning purists feel left out. Don't fret loyal pawning aficionados; you can be comfortably wheeling and dealing for the best pawnshop deals from the comfort of home. More

Les Gold: Detroit pawnshop pwner transitions to national celebrity
Jewish Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
When Les Gold signed on to have his pawnshop's daily brouhaha televised for a weekly truTV series, the 62-year-old Detroit lifer never thought he would become a celebrity. He thought wrong. More

A Fully Integrated Precious Metals Company

With over 50 locations throughout the United States and Europe, we serve the precious metal needs of more than 20,000 companies. NTR Metals offers a wide range of refining, recycling, minting and bullion services. MORE


Gold declines with raw materials; Silver also retreats
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold fell the most in New York in more than three months amid concern that the global economy is slowing and as traders awaited the outcome of the tonight's (Oct. 16) U.S. presidential debate. Bank of Israel Governor Stanley Fischer said the world is "awfully close" to a recession. More

Yankee Peddler & Loan pawn shop opens in Norwalk, Conn.
The Hour    Share    Share on FacebookTwitterShare on LinkedinE-mail article
While on a business trip in the early 1990s, Alex DeLucia read an article in a newspaper that changed his perception of pawnshops forever. The article described a pawnshop business doing so well it was going public. In fact, he was so enamored by the business he returned home and opened his own pawnshop. Several years and a few career path changes later, DeLucia has returned to the pawnshop business and has opened Yankee Peddler & Loan in Norwa, Conn. More



$2 million in gems, gold stolen from California museum
The Associated Press via Redding Record Searchlight    Share    Share on FacebookTwitterShare on LinkedinE-mail article
California investigators searched for thieves who made off with an estimated $2 million in precious gems and gold from a mining museum in the Sierra Nevada foothills during a brazen daytime robbery. But they didn't get away with the biggest prize of all — the nearly 14-pound Fricot Nugget, a giant crystalline gold mass unearthed in the Gold Rush era. More

Gary, Ind., police chief pitches pawn ordinance to curb thieves
Chicago Sun-times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawning and reselling metal in the city is set to become a lot harder for thieves and people who don't know the origin of their merchandise. Gary Police Chief Wade Ingram's version of an ordinance that will regulate pawnshops, "Cash for Gold" businesses and scrap-metal facilities requires those entities to download the software of Web site LeadsOnline, Ingram told the Finance Committee. The software is free-of-charge for business owners. More
 


IGI, the Standard of Excellence in Gemology since 1975


IGI, a worldwide gemological laboratory, providing objective and accurate grading, identification and appraisal reports for gemstones and fine jewelry with laser inscription and educational courses.

 


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