This is certainly not the “check cashing place” that our grandparents used to visit. RiteCheck, a network of transaction-based financial service centers in under-banked and underserved areas in Harlem and The Bronx.
RiteCheck will cut the ribbon for its newest state-of-the-art facility, part of its pilot program to modernize and digitize its entire operation.
The new center located steps from West Harlem and Columbia University, and offering 24/7 access, features a mix of tellers and automated kiosks to expedite services, as well as other digital technologies that are intended to improve access to information, secure consumer protection and transaction transparency. The facility also features a Loyalty Rewards Program, a free no-minimum balance savings account, and other initiatives intended to remove barriers that have historically prevented low and mid-income families from accessing basic financial services.
“We’re preserving the friendly, face to face transactions that we’re known for while adding high-tech to the mix”, said Joseph Coleman, President of RiteCheck. “The newest location is our ‘fin-tech’ laboratory where we will test innovations such as staging transactions and interacting with the cashier via tablets”.
RiteCheck is part of the Financial Service Centers of New York (FSCNY), the trade organization that represents the interests of more than 500 financial service centers (formerly known as “check cashing stores”) in New York. The organization currently leads an initiative to modernize the laws governing the industry across the State, which have gone largely unchanged since they were first enacted 70 years ago, before the advent of the Internet and other technologies that have since revolutionized transaction-based financial services.
FSCNY representatives and local community leaders will be present at the ribbon-cutting ceremony.
RiteCheck #13, 1264 Amsterdam Avenue, (At W. 123rd Street), Harlem, NY 10027
Photo credit: The photo is a stand in for the actual store and location.