Affordable and reliable money transfer through the ASC Transfer Services franchise

The ASC Transfer Services franchise provides affordable and reliable money transfer services across the world. The financial services franchise’s business is conducted through its segments Global Funds Transfer segment and Payment Systems segment. The product development and sales and marketing teams of the money transfer business’s segments have worked together since 2006 to take advantage of the mutual benefits of the services offered by the two.

The Global Funds Transfer segment of ASC Transfer services provides the clients with services such as bill payment and money orders. The money transfer business serves a wide range of customers including unbanked consumers, who are not associated with financial institutions, underbanked consumers who have a savings account but no checking account and convenience users who prefer products and services according to convenience irrespective of having a checking account. The financial services franchise operates through a network of agents and has its largest market in the United States, United Kingdom, Spain and Italy.

The Payment Systems segment of the money transfer business offers payment processing services with an emphasis on money orders and official check outsourcing to financial institutions. The financial services business’s primary source of revenue is from investment funds underlying money order or official check and fees paid by financial institutions and corporate customers.