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    This individual Note Checks Become More Liquid as Visa and Chexar Deploy a Check Cashing Networkis available for purchase. This Note is available to members of Mercator Advisory Group’s Prepaid Advisory Service. Please be advised that this Note is normally part of a research and advisory service that provides ongoing support throughout the year. As such, this Note contains significant depth of content that is selected for its strategic importance to our members. (For a description of these services, see our Advisory Services section).

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Checks Become More Liquid as Visa and Chexar Deploy a Check Cashing Network

The LMI community benefits and the prepaid financial services market continues its rapid growth. Soon anyone will be able to deposit a check for cash at a cost that varies with risk (including free). This will be a huge benefit to those who are paid by check but will also benefit landlords and other small merchants who currently cannot risk taking checks. Low-balance consumers will be the winners.