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Bypass bank lines, get loans from a kiosk
June 7, 2007
FORT COLLINS, Colo. — Mister Money Holdings Inc. expects to soon release the second generation of its Mister Money kiosk for loan processing. The second-generation service has been patented to provide an automated process for verification, scoring and approval of cash-advances and payday loans.
According to a news release, Mister Money, a pawnshop and short-term lending firm, launched its first remote cash-advance product in 1999. The kiosks are operated by Mister Money subsidiary Alternative Financial Solutions and are used at grocery and convenience stores, check-cashing establishments and credit unions.
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