Alogent announced today that Money Mart Financial Services has implemented its Mobile Check Cashing Service, powered by Alogent’s Mobile Deposit Services (MDS) offering, a fully hosted mobile check acquisition and processing platform. Money Mart, a U.S.-based financial services group, is one of the largest providers of alternative financial solutions in North America and provides accessible solutions to underbanked and credit challenged consumers. By expanding funding services that were previously only available in its 700 retail locations, Money Mart is now enabling over one million customers in the U.S. and Canada to cash checks directly from their mobile devices and deposit the funds to a bank account or debit card.
“Extending access to Money Mart services beyond our bricks and mortar footprint is key to meeting the evolving needs of our customers. This advancement helps us deliver on our commitment to provide access to innovative financial solutions, anywhere, anytime,” said Sankha Ghosh, Money Mart’s Chief Information Officer. “Alogent worked closely with our team to develop a mobile funding solution that aligns with today’s needs and has the ability to scale for future growth.”
Through its ever-evolving suite of services, Money Mart provides convenient access to cash through its products such as loans, check cashing, money transfer and prepaid cards.
“Mobile Deposit Services extends Alogent’s high standard of innovation and flexibility, offering financial institutions and services organizations a competitive advantage without the overhead,” said Jason Schwabline, Alogent’s Chief Strategy Officer. “Partnering with Money Mart is a strategic expansion of Alogent’s core business with banks and credit unions, and we’re excited to facilitate faster access to funds to the underbanked and those who rely on check cashing services.”
Available to interface with any mobile app that enables remote deposit capture, Alogent’s Mobile Deposit Services extends capabilities to any financial institution, check casher or retailer who wants to remove the need to install and run applications in their own infrastructure. Hosted in the Alogent Cloud, MDS is secure and scalable to address high-growth environments with international capabilities.
About Money Mart Financial Services
Money Mart Financial Services is a leading provider of financial services in North America. Backed by a retail network of over 700 locations and robust digital and mobile platforms, we provide access to cash and related products to help our customers achieve their goals. Our services include long, medium, and short-term loans, check cashing services, money transfers, and prepaid debit card services. Our highly skilled workforce puts customers first in everything we do.