Do you want to start a repo business without a tow truck? If YES, here is a complete guide to starting a repossession business with NO money and no experience. When people default on their automobile loans or fail to return rental cars on time, lenders and car rental companies need someone to help them…
A check cashing service is a company that enables clients to access their money without a bank account. These services allow people to cash their paycheck and other types of checks in exchange for a fee. They are a part of the financial services system for millions of Americans who are unbanked or underbanked. The…
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time and without direct interaction with bank staff. ATMs were originally developed as cash dispensers, and have evolved to provide many other…
A prepaid debit card company is a business or better put a financial institution that specializes in issuing debit cards to clients. Please note that a prepaid debit card is similar to a gift card: It allows clients to spend whatever amount of money is stored on the card. When the amount on the card…
A factoring company is a company that offers financial transactions and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. Factoring is also…
A payroll processing company handles employee information which includes wages, deduction, hours worked, and any other services that are compensation-related, to ensure that they are generated to employee paychecks and reports. This service is usually done on behalf of the employer. Payroll processing companies are largely concentrated in the United States of America, as 70…
A venture capital (VC) firm is a business that provides a form of private equity and a type of financing to startup companies and small businesses that are believed to have long-term growth potential. The financial resources provided by investors to startup firms and small businesses that show potential for long-term growth is called venture…
Fintech, which is also known as financial technology, is the technology that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing services, and cryptocurrency are examples of technologies aiming to…
