"Imagine having a checkbook that ties straight into the Internet, letting you literally e-mail a check to anyone - including yourself - with absolutely no risk of overdraft, forgery, or any of the other dangers of an old-style checking account," Skala cited as just one example. "Now every WWA Group cable TV and Internet subscription will include these services at no additional charge."
Thomas E. Skala, CEO of Genie Gateway parent AllCom, explained "Our research shows that 7.7% of U.S. households are unbanked and that 20% of U.S. households are under-banked. With the new trend of un-banked merchants that today deal mostly with cash, this creates a unique environment rich with opportunities. WWA Group and Genie Gateway are poised to become the premiere alternative financial services solution to these expanding target markets, which include emerging pharmaceutical companies, payday loan providers, travel, entertainment and online destinations, direct sales and multi-level marketing groups, and other verticals."
