Archive for October, 2014

topcreditcardprocessors.com Reveals CAN Capital as the Third Top Merchant …

Friday, October 31st, 2014

NAPLES, FL–(Marketwired – October 31, 2014) – The independent authority on merchant services, topcreditcardprocessors.com, has named CAN Capital the 3rd best merchant cash advance firm for the month of October 2014. CAN Capital was chosen based on their remarkable performance in an in-depth analysis of the solutions they offer. While there are thousands of agencies offering a variety of solutions, the ratings consist of the best highlighted based on the results of the in-depth evaluation process.

The independent research team at topcreditcardprocessors.com performs a meticulous examination of the competing firms in order to remain aware of their latest successes within the industry. Performing firms are researched through the use of five areas of evaluation in areas including efficiency, reliability, availability, competitive rates, and customer support. The recommendations consist of the best merchant cash advance firms each month with the recommendations being updated due to the latest information obtained from the examination.

For a more in-depth analysis, the independent research team connects with customer references. Clients are contacted to obtain their feedback on the solutions provided to them. This provides valuable insight into the internal processes and methodologies of the service offering the solution. In many cases clients contact topcreditcardprocessors.com directly to voice their opinions.

topcreditcardprocessors.com investigates and names the best merchant cash advance services in the industry. Based on the thorough investigation process CAN Capital was named as the best competing agency. Those looking for an agency with solid client satisfaction and a rigid history of performance should consider CAN Capital.

About CAN Capital

Since 1998, CAN Capital has been helping small and medium-sized businesses get ahead. Their cutting-edge technology, quick application, and approval processes, customer-focused delivery, and great service have kept us at the forefront of the industry.

About topcreditcardprocessors.com

topcreditcardprocessors.com is an online organizer of independent reviews and ratings. The recommendations of the top payment processing companies are released monthly to assist businesses in connecting with merchant cash advance companies which feature a history of effective solutions. Thousands of payment processing companies are put to the test while only the absolute best companies are showcased in the recommendations.

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Bills, unemployment, pregnant daughters — Fox Valley people sample what it’s …

Wednesday, October 29th, 2014

GENEVA — From layoffs and child-care worries to demanding bankers and unplanned pregnancies, about 30 people from Aurora and DuPage County tasted a bit of what it is like to live in poverty during a simulation at the Northern Illinois Food Bank West Suburban headquarters Friday.

The exercise was one of several held periodically by the food bank staff. Posing as the financially struggling people this time were nursing students from Aurora University and volunteers who work with a Downers Grove-based nonprofit called Sharing Connections, which lends furniture and related household goods to people in need. Posing as the community’s bosses, bankers, school officials, store managers, cops, jail guards, welfare office workers and bill collectors were students from Geneva High School and young people from the AmeriCorps VISTA “domestic Peace Corps” program who are working with the food bank for one year each.

Some of the latter admitted they get so little income from this kind of work that they pay for part of their real-life food each week with federal SNAP program cards.

Assigned at random to assume made-up identities, the participants gathered in families and read a detailed description of their family’s situation. At one table, for example, Sharing Connections COO Ryan Varju learned he was to be a 41-year-old middle-class father named Albert Aber whose unemployment benefits had just expired after he was laid off from his job as a computer programmer.

His wife Ann — played by Varju’s real-life mother, Lois Varju of Joliet — was the only person in this fake family with a job, earning $1,440 a month as a $9-an-hour hospital staffer. She was also the only one who still had health insurance. Which was good because Mrs. Aber also had “health issues,” the scenario warned.

Daughter Alice Aber, played by AU student Christina Leonard of Warrenville, was a pregnant high school sophomore due to give birth in two months. Down on the grade-school level, son Al Jr., age 10, was played (against gender) by AU student Leanne Sorg of Sugar Grove while 8-year-old Andy Aber was portrayed by AU student Alana Weitzenfeld of Oak Park.

Instructions detailed what debts, bills and possessions the Aber family had ($350 a month on a car loan and a student loan, $500 a month for then mortgage, $285 for utilities, etc.)

Four weeks

The group was assigned to live their family’s lives for a fictional one-month period, divided into four weeks which each lasted 13 minutes in real time as a football-style clock clicked down the minutes. If you had a job, you had to go to the employment area and sit there doing nothing for eight of those 13 minutes. If you attended school, pretty much the same thing. To pay bills, you had to go to the bank or the utility company, paying with play currency. To go anywhere, you needed to pay a fare unless you owned a car. And moderator Dylan Mooney, an AmeriCorps worker, warned everyone not to forget to obtain food somehow or the simulation coordinators would hang a prominent “I’m Hungry” placard around your neck at week’s end.

Quickly taking command of the Aber clan, as the first 13-mimnuite week began, father Al said he would start by going to the pawn shop to sell off some jewelry and the family’s camera. But soon after he left, one of the coordinators stopped by with the simulation’s version of a Monopoly Chance card: Ann Abers car had a flat tire.

As Week 2 began, everything seemed reasonably under control in the Abers household. But Mrs. Aber had not been paid by her employer. In fact, distracted by the car trouble, she had forgotten to go to work at all in those first 13 minutes. And when she went to her boss as this new week began, she paid the penalty: Fired for poor job attendance.

“Ironically, I retired from a real job in a hospital, and in real life I was never late,” she said, switching for a moment back to her real-life identity as Lois Varju.

In Week 3 Dad Al asked 10-year-old Junior to babysit his even younger brother while Al took the pregnant daughter to see her obstetrician. But when the doctor asked for an $80 payment at the end of that exam, Al said he had only $25 left in his pocket. He turned over the fake cash and left, assuming that would be an acceptable down-payment.

Thats when a cop pulled him over and he found himself in jail for theft of services, alongside a teenage drug-dealing suspect who insisted she was an innocent persecuted by police because of a record of past arrests. And he had no money for bail.
And so it went until at the end of Week 4 the Aber family had “I’m Still Very Hungry” placards on their necks. Al had borrowed money from a loan-sharky Cash Advance booth. They had sold one of their two cars for $140. Other players had stolen some money and ID cards left on their table. And they had just received a notice that they were being evicted from their home for nonpayment of the mortgage.

Debriefing

In a debriefing at the end, “Al” and “Ann” decided they should have applied for Medicaid and SNAP “food stamps” right away, they should have spent nothing on clothes (not an urgent item) and they should have applied for unemployment benefits as soon as she got fired. Perhaps they could have leaned on the unborn baby’s teenaged father to at least pay the obstetrician bill.

Kristen Miklos, a Geneva High student who had been manning a booth marked “Interfaith Assistance,” said many of the people had ignored a lot of potential help by not coming up to her. Perhaps, she said, nobody realized Interfaith Assistance could offer them two weeks’ stay in a homeless shelter, some free food and clothes, and bus passes.

Ryan Varju said that based on his experience working at the real-life furniture-lending operation, that’s realistic. He said many people in a prosperous area like DuPage County have no idea where to turn for help when they suddenly find themselves unemployed and desperate, he said.

“You’d be shocked at how many children and preteens are sleeping on the floor in otherwise nice houses in places like Naperville and Downers Grove because they have no furniture, ” Varju said.

He and his real-life mother said the exercise reminded them of their own often strained early years, when Lois Varju lost her husband to cancer, leaving her with young Ryan and seven other kids to feed. Then one of those kids also developed cancer.

“I would take in sewing and I would make birthday cakes form Kmart once a month. At times we used food stamps,” she recalled. When teachers would complain that those eight kids had no notebooks, “I would scrip and save until we could buy notebooks,” she said.

“Somehow we got by and we never got evicted from our home,” added her real-life son and simulation-life husband.

“These exercises show how hunger almost never stands alone,” said Northern Illinois Food Bank spokesman Erik Jacobsen. “They can see how people face choices. Do I buy food or pay my electric bill? Do I buy food or get my medicine? Do I buy food or get my car fixed?”

The warehouse-like food bank in an industrial park on Geneva’s east side is sort of a food pantry for food pantries. Jacobsen said large shipments of food — most of it donated by stores and manufacturers — are delivered here, organized and repackaged with the help of many volunteers, then sent out to 800 local food pantries in a 13-county area.

The Chicago Food Depository serves the same function in Cook County while this facility of the Northern Illinois Food Bank serves the surrounding counties in northeast and north central Illinois. Anyone interested in participating in one of these simulations or volunteering to help with the food bank should contact Dylan Mooney at 630-443-6910, Ext. 160.

Tags: Aurora, Aurora University, Downers Grove, food banks, food pantries, Geneva High School, Naperville, Northern Illinois Food Bank, poverty, soup kitchens, Sugar Grove

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topcreditcardprocessors.com Reveals Ratings of 30 Top Merchant Cash …

Wednesday, October 29th, 2014

NAPLES, FL–(Marketwired – October 27, 2014) – topcreditcardprocessors.com has named the 30 best merchant cash advance companies offering solutions in the payment processing industry for the month of October 2014. Businesses searching for strong merchant cash advance solutions turn to the recommendations produced online in order to find companies which have been judged by an independent third party. The recommendations are adjusted monthly to account for the latest accomplishments of top competing payment processing companies and to feature the top purveyors of strong solutions.

Each month the top merchant cash advance firms are put through a meticulous evaluation process in order to determine which firms produce the best services overall. The process involves an in-depth analysis of top performing companies in areas including competitive rates, availability, customer support, reliability, and efficiency. Client evaluations of competing merchant cash advance firms are contacted in order to obtain their unique inputs and suggestions on the firms they have used.

The 30 best merchant cash advance companies for October 2014 are:

1) Micamp Merchant Solutions

2) Fidelity Advance, LLC

3) CAN Capital

4) Credit Card Processing Specialists

5) Rafter J Funding Services

6) Swift Financial Corp.

7) Rapid Capital Funding

8) BC Funding

9) ICBA Bancard

10) Merchants Choice Payment Solutions

11) CPN USA

12) GDpay

13) AmeriMerchant

14) Direct Capital Corporation

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Borrowers exploited in compliance breach: ASIC

Tuesday, October 28th, 2014

ASIC has cracked down on two firms that invented business models to avoid NCCP obligations.

The regulator announced that payday lenders Cash Loan Money Centres and Sunshine Loans have agreed to end leaseback arrangements to consumers who want a payday loan.

ASIC was concerned that they were using business models which deliberately attempt to avoid the consumer protections contained in the NCCPs small amount lending provisions.

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Grupo Elektra Announces EBITDA of Ps.2415 Million in 3Q14

Tuesday, October 28th, 2014

Consolidated Revenue Increased 7% to Ps.18,215 Million,
Supported by a 24% Increase in Commercial Business

14% Growth in Consolidated Deposits to Ps.86,701 Million
Generates Solid Perspectives in Financial Business

MEXICO CITY, Oct. 23, 2014 (GLOBE NEWSWIRE) — Grupo Elektra, SAB. de CV (BMV: ELEKTRA*; Latibex: XEKT), Latin Americas leading specialty retailer and financial services company and the largest non-bank provider of cash advance services in the United States, reported today its financial results for the third quarter and nine months of 2014.

Consolidated third quarter results

Consolidated revenue totaled Ps.18,215 million, 7% higher than the Ps.17,067 million of the same period last year. Costs and operating expenses were Ps.15,800 million, from Ps.14,404 million for the same period of 2013.

As a result, Grupo Elektra reported EBITDA of Ps.2,415 million, compared with Ps.2,664 million from the previous years quarter; EBITDA margin was 13% this period.

The company reported net income of Ps.1,836 million, from a net income of Ps.672 million a year ago.

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ASIC crackdown reins in lenders

Monday, October 27th, 2014

Two lenders have agreed to change their operating models following an ASIC intervention.

Cash Loan Money Centres and Sunshine Loans have agreed to stop offering leaseback arrangements to consumers who want a payday loan.

ASIC was concerned that the companies were using business models which deliberately attempt to avoid the protections for consumers contained in the small amount lending provisions in the NCCP.

According to ASIC, consumers who approached a Cash Loan Money Centre for a payday loan were signed up to an arrangement where the consumer sold a household item such as a washing machine or fridge to the business, in return for a sum of money, and simultaneously leased the goods back from the business.

In practice, the goods never changed hands, and the business never actually saw the household goods, or confirmed the current market value before purchasing them from the consumer.

Similarly, under the model used by Sunshine Loans, a consumer would approach the business for a payday loan, and enter into an agreement to assign the rights to use their mobile phone or car to the lender for a fee, and then simultaneously lease the rights back.

ASIC was primarily concerned that, in both cases, consumers were charged considerably more than the amount allowed under the legislative cap on costs for payday loans.

In one example, a consumer received $1,000 and repaid a total of $1,682.10, when the statutory maximum the consumer would have repaid for a small amount loan of the same amount was $1,280.

Where we see business models or arrangements being used which are designed to avoid obligations imposed by the consumer credit legislation, we will take action,” ASIC deputy chairman Peter Kell said.

“Payday lenders and their advisers need to ensure any change to their lending models are legitimate and do not seek to avoid the small amount lending provisions,” Mr Kell said.

After ASIC intervention, Cash Loan Money Centres and Sunshine Loans have ceased using these models and are now offering consumers a small amount credit contract.

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How to avoid online payday loan scams

Monday, October 27th, 2014

MEMPHIS, Tenn. Its hard to miss all the signs for the payday loan stores on what seems to be nearly every corner in some Memphis neighborhoods.

Banned in Arkansas, but still available in Tennessee, consumer advocates have long warned against the high-interest loans.

WREG spoke with a customer, who didnt reveal his identity on camera, who was highly aware of the risks.

So youre talking about youre repaying a loan that you know is high interest, but its hard to get out of it once you get in it, the customer admitted.

That cycle of debt is one thing, but experts say there is a greater risk that consumers need to know about.

Better Business Bureau President Randy Hutchinson talked about the dangers of online payday loans with the On Your Side Investigators.

Instead of walking into a  brick and mortar store to get a loan, consumers now have more and more options to get payday loans online.  Some of the traditional stores have simply added the option to their websites while others are online only.

Experts say while online payday loans may seem more discreet and convenient; there are some serious risks to consider.

You add the security risk, the risk of identity theft that youre providing information to somebody thats online, explained Hutchinson.

Hutchinson says part of the problem is that customers have no idea who theyre exchanging information with, or if the company is even legitimate!

He also says the company may not even be licensed to do business in your particular state.

The Federal Trade Commission recently helped shut down a Florida based company that was supposed to be offering payday loans to customers, but instead, just stole their money.

In another case, Hutchinson says some of the people never even applied for a loan.

One of the companies just bought information from somebody else and starting setting up phony loans, Hutchinson explained.

Whether youre applying for a payday loan at a store or online, understand the fees and risks, check the company out and pay close attention to your bank account.

The gentleman WREG spoke with says the combination of a tight budget and a family emergency led him to the payday loan store, but he has some advice for others.

If you can stay away, do so.

Contrary to popular belief, lots of payday loan customers are working and middle-class families.

Experts say cheaper loan options include getting one from the bank, credit union or even a finance company.

Theres also a cash advance from a credit card, or simply borrowing from a relative.

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topcreditcardprocessors.com Reveals October 2014 Ratings of Thirty Top …

Sunday, October 26th, 2014

NAPLES, FL–(Marketwired – October 22, 2014) – The independent authority on payment processors, topcreditcardprocessors.com, has reported the thirty best merchant cash advance agencies in the October 2014 edition of the recommendations published online. Businesses looking for esteemed merchant cash advance agencies access the recommendations at topcreditcardprocessors.com. Each service showcased within the recommendations has been put through a meticulous analysis to decide how well they perform compared to industry standards and competitors.

The process for evaluating and selecting merchant cash advance services involves a month-long process of benchmarking the best contending services based on the use of a set of evaluation criteria and learning more about their solutions and their communications with their clients through referrals. Often times the topcreditcardprocessors.com independent evaluation team connects directly with clients in order to inquire about the solutions and performance from the standpoint of the client. Other times clients visit topcreditcardprocessors.com in order to supply their feedback about the services which they use.

To view the ratings of the top merchant cash advance agencies click here.

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Need a $10000 cash advance? Square now an option

Sunday, October 26th, 2014

Kallie Wesley was 21 when she opened Juxtapose, a Tampa, Florida-based apparel and interior design studio, with her sister. After a few years the Wesley sisters were ready to expand and open a second storefront, but when the now-25-year-old Kallie went looking for an SBA loan, she couldnt get approved. Thats when payment-processing start-up Square stepped in, offering the Wesley sisters a merchant cash advance earlier this summer.

Best known for making credit card readers that plug into mobile phones and tablets, Square has been extending merchant cash advances to small businesses already using its payment-processing software and systems through a program it calls Square Capital.lt;/p> height=158 src=//img.s-msn.com/tenant/amp/entityid/BB6N7qH.img?h=158amp;w=300amp;m=6amp;q=60amp;o=famp;l=famp;x=491amp;y=281 width=300 />

Provided by CNBC

Best known for making credit card readers that plug into mobile phones and tablets, Square has been extending merchant cash advances to small businesses already using its payment-processing software and systems through a program it calls Square Capital.

Best known for making credit card readers that plug into mobile phones and tablets, Square has been extending merchant cash advances to small businesses already using its payment-processing software and systems through a program it calls Square Capital. In exchange for a lump-sum payment, a small business agrees to pay back to Square a fixed amount plus the original cash advance, deducted from the business as a percentage of its daily credit card sales.

This type of funding fills a niche, since it is an option for small businesses like Juxtapose, which cannot access conventional loans. As a result, lenders can charge higher interest rates than banks.

Read More: Starved for cash, Main Street turns to alternative lenders

Since May, the San Francisco-based company has issued these advances to roughly 10,000 small businesses using $50 million of its own cash, said Square spokeswoman Faryl Ury. Eligibility is based on a businesss monthly sales and history with Square. Most of these cash advances have been for less than $10,000, and Square typically takes 4 percent, 7 percent or 10 percent of a small businesss daily card sales until the advance is paid off, Ury said.

In August, Victory Park Capital handed Square Capital a hefty investment to ramp up the program and extend more cash advances to more merchants. According to Ury, Square isnt releasing the exact amount of the investment, but the cash from Victory Park will allow Square to extend hundreds of millions of dollars as quickly as possible.

The investment comes at a time when Square finds itself in flux. While the company continues to grow–Ury said Square employs more than 800 people and processes tens of billions of dollars annually–the company still has not turned a profit. Another, separate investment of $100 million into Square, announced in September, brings the companys valuation to $6 billion, but Square is also competing in an increasingly crowded payments sector against the likes of PayPal, Google (GOOGL) and now Apple (AAPL).

The pressure is on for them to really start figuring out how to keep merchants, and keep merchants that are processing on a regular basis and at a respectable volume, said Phillip Parker, a former independent agent in the credit card-processing industry and founder of the merchant-account reviewing website CardPaymentOptions.com.

Read More: Square: CNBC Disruptor 50

So the foray into merchant cash advances looks like a play for not only a new revenue stream but also for new Square merchants. After all, only Square merchants can receive cash advances through Square Capital–and the only way for a merchant to pay back that cash advance is to stay with Square.

But how good a deal are merchant cash advances, which arent regulated like loans and arent subject to usury laws? With a traditional loan, interest owed declines as a business pays down its principal balance. Not so with a merchant cash advance, where a business is paying back a fixed amount. Parker said the annual percentage rate of interest on a merchant cash advance is always around 10 to 20 percent, a number that can jump astronomically if a business has a gangbuster month in sales.

For that reason, merchant cash advances are often associated with notorious payday loans. But merchant cash advances dont seem to have the same sorts of problems as payday loans, said Parker. If you cant reduce the interest rate you pay by paying back quicker, it makes the interest rate seem a lot larger, but as long as merchants understand that ahead of time, then I dont personally see any issues with [merchant cash advances], he said.

Read More: Merchant cash advances: Expensive small-biz lifeline

While Square sometimes extends personalized offers to businesses with a 10-month payback period in mind, theres no set payback period for a company to pay off the advance. Theres a set cost written in a dollar amount, which never changes, no matter how long it takes a merchant to complete the advance, said Ury. And if a small business goes out of business before the cash advance is paid off? Ury said Square works with businesses on a case-by-case basis.

These arent necessarily businesses that have no other way, she said. Its often businesses that have gotten capital elsewhere, but they dont necessarily want to spend another year applying for money.

Or in the case of the Wesleys, small-business owners who couldnt get capital elsewhere. The merchant cash advance allowed Kallie and her sister to open a second storefront in St. Petersburg, Florida, in September and hire a manager and employees to staff it. Without Square Capital, we would have never been able to do this, said Wesley.

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Cash America International Inc.: Cash America announces that its Board of …

Sunday, October 26th, 2014

CASH AMERICA ANNOUNCES THAT ITS BOARD OF DIRECTORS HAS APPROVED THE SPIN-OFF OF ENOVA INTERNATIONAL, INC.

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Fort Worth, Texas (October 22, 2014) – – Cash America International, Inc. (NYSE: CSH) announced today that its Board of Directors has approved the spin-off of its E-Commerce Division (that comprises its e-commerce segment), Enova International, Inc. (Enova), into an independent and separate publicly traded company.
Cash America and Enova will be separated through the distribution of approximately 80 percent of the outstanding shares of Enova to holders of Cash America International, Inc. common stock. Subject to the satisfaction of certain conditions to the spin-off, the distribution is expected to occur at 12:01 am Eastern Time on November 13, 2014. Cash America shareholders will receive 0.915 shares of Enova common stock for every one share of Cash America common stock held at the close of business on November 3, 2014, which is the record date for the distribution. Fractional shares of Enova common stock will not be distributed. Any fractional shares of Enova common stock will be aggregated and sold in the open market and the aggregate net proceeds of the sales will be distributed ratably in the form of cash payments to Cash America shareholders of record who would otherwise be entitled to receive a fractional share of Enova common stock. Following the distribution of Enova common stock, shares of common stock will be traded on the New York Stock Exchange under the symbol ENVA.
Enova is a leading provider of online financial services that uses advanced technology and analytics to drive lending decisions. Since 2004, Enova has completed over 27 million transactions and collected approximately 12 terabytes of consumer behavior data. In 2013, Enova extended approximately $2.6 billion in credit to borrowers in the United States, United Kingdom, Canada, and Australia.

Trading of Cash America and Enova Shares Prior to the Distribution Date

In connection with the distribution, beginning on or shortly before the record date and continuing up to the distribution date, Cash America expects that there will be three trading markets:
? In the regular way market, shares of Cash America common stock will trade with an entitlement to the Enova common shares distributed on the distribution date under the symbol CSH. Holders who sell Cash America common stock in the regular way market before the distribution date will also sell their right to receive Enova common shares.
? In the ex-distribution market, shares of Cash America common stock will trade without the right to the Enova common shares distributed on the distribution date under the symbol CSH WI. Holders who sell Cash America common stock in the ex-distribution market before the distribution date will retain their right to receive Enova common shares in the distribution.
? In the when-issued market, the right to receive Enova common shares distributed on the distribution date will trade under the symbol ENVA WI. Holders who sell the right to Enova common shares in the when-issued market before the distribution date will retain their shares of Cash America common stock.
Cash America anticipates that regular way trading of Enova common stock under the symbol ENVA will begin on
November 13, 2014, the date the distribution occurs.
Cash America shareholders are encouraged to consult their financial advisors and tax advisors regarding the particular consequences of the distribution in their situation, including, without limitation, the specific implications of selling Cash America common stock on or prior to the distribution date and the applicability and effect of any US federal, state,
local and foreign tax laws.

Information About the Spin-off

The Enova spin-off has been structured to qualify as a tax-free distribution to US holders of Cash America common stock for US federal income tax purposes. Cash received in lieu of fractional shares will, however, be taxable. Cash America has received a private letter ruling from the Internal Revenue Service with respect to the treatment of certain aspects of the spin-off. Based on the private letter ruling and certain facts, assumptions, representations and undertakings made by Cash America and Enova, Cash America has received an opinion of counsel to the effect that for US federal income tax purposes, the distribution of Enova common stock and certain related transactions will not be taxable to Cash America or US holders of Cash America common stock, except in respect to cash received in lieu of fractional share interests which generally will be taxable to such holders as a capital gain.
The completion of the distribution is subject to the satisfaction or waiver of a number of conditions, including the Registration Statement on Form 10 for Enova common stock being declared effective by the US Securities and Exchange Commission (the SEC) and certain other conditions described in the information statement included in the Enova Registration Statement on Form 10. Cash America expects all the conditions to the distribution to be satisfied on or before the distribution date. Enovas Registration Statement on Form 10 is available at the SECs website at http://www.sec.gov. Prior to the distribution, Cash America will mail or provide access to a copy of the information statement filed as part of the registration statement to all shareholders entitled to receive the distribution. The information statement will provide details regarding the distribution and describe Enova and its shares, including the risks of Enovas business and owning shares of Enova common stock. Cash America shareholders are encouraged to read the information statement closely.
No action is required by Cash America shareholders in order to receive shares of Enova common stock in the spin-off distribution. Cash America shareholders entitled to receive the dividend will receive a book-entry account statement reflecting their ownership of Enova common stock, or their brokerage account will be credited for the shares.
Cash America will hold its quarterly conference call to discuss third quarter 2014 results and the spin-off of Enova on Thursday, October 23, 2014, at 8:00 am Eastern Time (7:00 am Central Time). This call will be webcast and may be accessed on the Investor Relations section of Cash Americas website located at http://www.cashamerica.com/http://www.cashamerica.com.

About the Company

As of September 30, 2014, Cash America International, Inc. (the Company) operated 948 total locations offering specialty financial services to consumers, which included the following:
? 863 lending locations in 21 states in the United States primarily under the names Cash America Pawn, SuperPawn, Cash America Payday Advance, and Cashland; and
? 85 check cashing centers (all of which are unconsolidated franchised check cashing centers) operating in 12 states in the United States under the name Mr. Payroll.
Additionally, as of September 30, 2014, Enova offered consumer loans over the Internet to customers:
? in 34 states in the United States at http://www.cashnetusa.com/http://www.cashnetusa.com; http://www.netcredit.com; and http://www.headwaycapital.com;
? in the United Kingdom at http://www.quickquid.co.uk, http://www.quickquidflexcredit.co.uk, http://www.poundstopocket.co.uk, and http://www.onstride.co.uk;
? in Australia at http://www.dollarsdirect.com.au/http://www.dollarsdirect.com.au;
? in Canada at http://www.dollarsdirect.ca;
? in Brazil at http://www.simplic.com.br; and
? in China at http://www.youxinyi.cn.
For additional information regarding the Company and the services it provides, visit the Companys websites located at:
http://www.cashamerica.comhttp://www.dollarsdirect.com.au/http://www.dollarsdirect.com.auhttp://www.enova.com/http://www.enova.comhttp://www.dollarsdirect.ca/http://www.dollarsdirect.cahttp://www.cashnetusa.com/http://www.cashnetusa.comhttp://www.quickquidflexcredit.co.uk/http://www.quickquidflexcredit.co.ukhttp://www.netcredit.com/http://www.netcredit.comhttp://www.onstride.co.uk/http://www.onstride.co.ukhttp://www.cashlandloans.com/http://www.cashlandloans.comhttp://www.simplic.com.br/http://www.simplic.com.brhttp://www.quickquid.co.uk/http://www.quickquid.co.ukhttp://www.mrpayroll.com/?utm_source=IRamp;utm_medium=Pressamp;utm_campaign=PressReleasehttp://www.mrpayroll.comhttp://www.poundstopocket.co.uk/http://www.poundstopocket.co.ukhttp://www.youxinyi.cn/http://www.youxinyi.cnhttp://www.headwaycapital.com/http://www.headwaycapital.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements about the business, financial condition, operations and prospects of the
Company. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation: the effect of, compliance with or changes in domestic and foreign pawn, consumer credit, tax and other laws and governmental rules and regulations applicable to the Companys business or changes in the interpretation or enforcement thereof; the regulatory and examination authority of the Consumer Financial Protection Bureau in the US and the Financial Conduct
Authority in the United Kingdom, including the effect of and compliance with a consent order the Company entered into with the Consumer Financial Protection Bureau in November 2013 and changes to the Companys UK business practices as a result of adapting the Companys business in response to the requirements of the Financial Conduct Authority; changes in the political, regulatory or economic environment in foreign countries where the Company operates or in the future may operate; risks related to the potential separation of the Companys online lending business that comprises its e-commerce division, Enova International, Inc.; the Companys ability to process or collect consumer loans through the Automated Clearing House system; the actions of third parties who provide, acquire or offer products and services to, from or for the Company; public and regulatory perception of the Companys business, including its consumer loan business and its business practices; the effect of any current or future litigation proceedings or any judicial decisions or rule-making that affect the Company, its products or its arbitration agreements; fluctuations, including a sustained decrease, in the price of gold or deterioration in economic conditions; a prolonged interruption in the Companys operations of its facilities, systems and business functions, including its information technology and other business systems; changes in demand for the Companys services and changes in competition; the Companys ability to maintain an allowance or liability for estimated losses on consumer loans that are adequate to absorb credit losses; the Companys ability to attract and retain qualified executive officers; the ability of the Company to open new locations in accordance with its plans or to successfully integrate newly acquired businesses into the Companys operations; interest rate and foreign currency exchange rate fluctuations; changes in the capital markets, including the debt and equity markets; changes in the Companys ability to satisfy its debt obligations or to refinance existing debt obligations or obtain new capital to finance growth; security breaches, cyber-attacks or fraudulent activity; acts of God, war or terrorism, pandemics and other events; the effect of any of such changes on the Companys business or the
markets in which it operates; and other risks and uncertainties indicated in the Companys filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, terms such as believes,
estimates, should, could, would, plans, expects, anticipates, may, forecasts, projects and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this release.

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