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Cash Advance News Feb 2008

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Global Cash Access Names Chief Financial Officer
Global Cash Access, Inc. (GCA), the gaming industry's leading provider of cash access services, has named George W. Gresham, 41, Executive Vice President and Chief Financial Officer. Mr. Gresham assumed his responsibilities today. The announcement was made by GCA Chief Executive Officer Scott H. Betts, who until Mr. Gresham's appointment also served as the company's interim Chief Financial ... (Mon, 25 Feb 2008 21:52:48 GMT)

Police look for man involved in robbery
Myrtle Beach Police officers are searching for a male who robbed the Advance America Cash Advance business on 1011 U.S. 501 this afternoon, said Capt. David Knipes, the police department's public information officer. (Mon, 25 Feb 2008 22:08:02 GMT)

Global Cash Access Names Permanent CFO
Global Cash Access Inc., which provides ATM and cash-advance services to casinos, said Monday it named George Gresham as chief financial officer and executive vice president, effective immediately. (Mon, 25 Feb 2008 22:25:38 GMT)

Police search for robbery suspect
Myrtle Beach Police continue to look for a man they say robbed a cash-advance store. (Tue, 26 Feb 2008 02:51:35 GMT)

Legislature: Monday at a glance
After two days of impassioned debate, the House barely passed a measure Monday to limit to 45 percent the interest that payday-loan lenders can charge. (Tue, 26 Feb 2008 03:37:13 GMT)

Payday Loan Protest
One contenious issue in Richmond was the subject of a small protest in Charlottesville Monday afternoon. (Tue, 26 Feb 2008 04:29:15 GMT)

Jessica's Interactive report: Feb. 25, 2008
Trolling the Web today Jessica Garate found a webcam watching Hobbs during the big range fire, a pundit offering cash for the best UNM or NMSU student plan to advance ethics legislation and post-Oscar reviews of the best- and not-so-best-dressed. (Tue, 26 Feb 2008 05:30:59 GMT)

Compromise urged on payday lending
Compromise sought on payday loan bill (Tue, 26 Feb 2008 06:23:53 GMT)

House passes bill restricting payday loans
The Colorado House of Representatives passed a payday lending reform bill Monday. (Tue, 26 Feb 2008 07:16:55 GMT)

Cash Systems, Inc. Announces Compatibility of powercash with Bally Technologies' iVIEW Display Manager
LAS VEGAS----Cash Systems, Inc. , a provider of cash access solutions for the gaming industry, announced today that powercash is compatible and will be available on the Bally Technologies, Inc.'s new iVIEW™ Display Manager . (Tue, 26 Feb 2008 13:30:00 GMT)

Payday loan reform stalled
At the state capitol negotiations over reforming the payday loan industry in Virginia appears to have stalled over limiting the number of loans a year. The proposed House reform bill limits the number of annual loans to five, caps the interest rate at 36-percent, and creates a database so customers can only borrow one loan at a time. (Tue, 26 Feb 2008 13:53:57 GMT)

Henderson Cash Tyme Robbed
A man entered a Henderson cash advance store asking for a job application, and walked out with a whole lot more. Henderson Police say he robbed the place. It happened at the Cash Tyme at 706 N. Green street. The suspect jumped the counter and swiped a stack of cash before he took off on foot. (Tue, 26 Feb 2008 15:35:32 GMT)

Va. Senator May Kill Payday Lending Bill
A powerful senator who has fought off efforts to reign in payday lenders in the past threatened Monday to effectively kill bills in the House and Senate to reform the industry unless both sides can work out an agreement. (Tue, 26 Feb 2008 16:17:31 GMT)

Payday lending deal not likely today
RICHMONDandnbsp;- Lawmakers may be close to a compromise on payday lending, but a deal probably wonandrsquo;t happen today. Del. Terry Kilgore, R-Gate City, said he doesn't expect a bill on the issue to be heard before the House of Delegates Commerce and Labor Committee this afternoon. Kilgore, w ... (Tue, 26 Feb 2008 16:17:32 GMT)

CME Livestock Review:Hogs, Live Cattle Advance
CHICAGO (Dow Jones)--Chicago Mercantile Exchange hogs posted gains Tuesday on short covering, front-months' oversold chart conditions and forward spreading. (Tue, 26 Feb 2008 20:39:32 GMT)

Air Force Aid Society creates new short-term loan program
The Air Force Aid Society (AFAS) is launching a new quick loan program called the Falcon Loan to help airmen in emergency situations. (Tue, 26 Feb 2008 22:06:10 GMT)

Quebecor could take $779 million non-cash hit from printing subsidiary
Ross Marowits, The Canadian Press February 26, 2008 - 5:28 p.m. MONTREAL - Media conglomerate Quebecor Inc. (TSX:QBR.B) is thriving but expects to take a non-cash hit of up to $779 million resulting from the difficulties of its Quebecor World (TSX:IQW) printing subsidiary, the company said Tuesday. (Tue, 26 Feb 2008 22:40:36 GMT)

Payday loan reform stalled
Negotiations over reforming the payday loan industry in Virginia appears to have stalled over limiting the number of loans a year. Lawmakers have until Thursday, that's the last meeting of House Commerce and Labor, to reach a deal. (Tue, 26 Feb 2008 23:08:37 GMT)

Quebecor could take $779 million non-cash hit from printing subsidiary
MONTREAL - Media conglomerate Quebecor Inc. (TSX:QBR.B) is thriving but expects to take a non-cash hit of up to $779 million resulting from the difficulties of its Quebecor World (TSX:IQW) printing subsidiary, the company said Tuesday. (Tue, 26 Feb 2008 23:15:59 GMT)

GOP backs cutting off cash to Iraq to gain debate time
Senate Republicans on Tuesday helped advance a Democratic-pushed bill to cut off money for the war in Iraq, saying the additional debating time would allow them to hail progress there. (Wed, 27 Feb 2008 08:38:08 GMT)

Loan compromise elusive
Lawmakers struggle to come to an agreement on payday loan reform. The fifth-floor legislative office of Del. Glenn Oder , R- Newport News , is ground zero in the fight to reform Virginia's payday lending industry. (Wed, 27 Feb 2008 08:44:51 GMT)

Cash Systems, Inc. Announces Letter of Intent for powercash
LAS VEGAS----Cash Systems, Inc. , a provider of cash access solutions for the gaming industry, today announced the signing of a Letter of Intent to provide Cash Systems powercash product to American Gaming Group LLC's first casino project, The Wildwood Casino. (Wed, 27 Feb 2008 13:30:00 GMT)

Cash Systems, Inc. Announces Letter of Intent for powercash
Cash Systems, Inc. (NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced the signing of a Letter of Intent to provide Cash Systems powercash product to American Gaming Group LLC's first casino project, The Wildwood Casino. Cash Systems previously announced that it had secured an agreement to provide its full line of cash access services including ... (Wed, 27 Feb 2008 13:56:09 GMT)

Wall St advances on home finance optimism
Stocks rose on Wednesday after Fannie Mae and Freddie Mac got the green light to invest more money in the mortgage market, sparking an advance in financial company shares broadly. (Wed, 27 Feb 2008 16:37:14 GMT)

Milwaukee-area entrants advance in business plan contest
Twenty entries from the Milwaukee area have advanced to the next round in the fifth annual Wisconsin Governor's Business Plan contest, the contest producers said Wednesday. (Wed, 27 Feb 2008 18:50:18 GMT)

Kaine might introduce bill on payday lending
With time running out for a deal on payday lending, Gov. Timothy M. Kaine says he may personally join the fight over a clampdown on the high-cost, instant-loan industry. (Wed, 27 Feb 2008 22:05:32 GMT)

Business, lawmakers debate interest limit on payday loan bill
A bill in the Legislature would limit the interest and fees payday lending businesses can charge residents, though opponents say it will drive out the industry and create a black market for loans the state cannot regulate. (Thu, 28 Feb 2008 01:27:48 GMT)

Global Cash Access to Discontinue Arriva Credit Card
Global Cash Access, Inc. (GCA), the gaming industry's leading provider of cash access services, announced today that as part of its strategy of focusing on its core electronic payments business, it will discontinue offering the Arriva Card, a consumer credit card offered by GCA's wholly owned subsidiary, Arriva Card, Inc. (Thu, 28 Feb 2008 13:09:05 GMT)

Global Cash Access to Acquire Certegy Gaming Services for $25 Million
Global Cash Access, Inc. (GCA) has executed an agreement to acquire Certegy Gaming Services, Inc., formerly known as Game Financial (CGS) from Fidelity National Transaction Services, Inc., a subsidiary of Fidelity National Information Services, Inc. (FIS). (Thu, 28 Feb 2008 13:41:19 GMT)

FIS Announces Sale of Gaming Operations to Global Cash Access
Fidelity National Information Services, Inc. today announced the sale of Certegy Gaming Services to Global Cash Access for approximately $100 million in cash which includes cash used to fund CGS' ATM operations. (Thu, 28 Feb 2008 14:03:00 GMT)

Legislators at odds over payday-loan future
One group of state lawmakers is trying to keep Arizona's payday-loan industry alive even as another leads a fight to kill it. (Thu, 28 Feb 2008 15:03:04 GMT)

Global Cash Access Announces Fourth Quarter and Full Year 2007 Financial Results
Global Cash Access Holdings, Inc. ("GCA" or the "Company") today announced preliminary, unaudited financial results for the quarter and year ended December 31, 2007. (Thu, 28 Feb 2008 15:07:28 GMT)

Payday loan bill debates continue
A bill in the Legislature would limit the interest and fees payday lending businesses can charge residents, though opponents say it will drive out the industry and create a black market for loans the state cannot regulate. (Thu, 28 Feb 2008 16:12:48 GMT)

Fidelity National Sells Certegy Gaming
Fidelity National Information Services Inc. said Thursday it sold Certegy Gaming Services to Global Cash Access for about $100 million in cash. (Thu, 28 Feb 2008 16:15:31 GMT)

Certegy Gaming sells for $25 million
Fidelity National Information Services Inc. is selling Certegy Gaming Services to Global Cash Access. (Thu, 28 Feb 2008 17:42:54 GMT)

Independent Equity Research Analyst Issues Research Note - H.B. 1310 Will Drive Colorado Payday Lenders Out of Business
The Colorado Financial Service Centers Association announced that on February 26, 2008, Stephens Inc., a full service, privately held investment banking firm headquartered in Little Rock, Arkansas, had issued an Industry Research Note on the payday loan industry. According to Dennis Telzrow, Stephens Inc.s equity research analyst that covers the payday loan industry, Colorado H.B. 1310 will ... (Thu, 28 Feb 2008 19:03:00 GMT)

Two at Oregon payday loan store accused of making fake loans
The manager and an employee at a payday loan store have been accused of making fake loans by using the names of dead people or friends. (Thu, 28 Feb 2008 19:51:58 GMT)

Certegy Gaming sells for $25 million
Fidelity National Information Services Inc. is selling Certegy Gaming Services to Global Cash Access. (FIS) (GCA) (Fri, 29 Feb 2008 15:41:10 GMT)

What's happenin? Briefs for 2/29/08
Submit calendar items two weeks in advance; notices are run according to space availability. If you have a social event you would like possibly published, post it on our virtual newsroom at Beach-Bulletin.com, fax to 765-0846 or e-mail mschneider@ breezenewspapers.com. (Fri, 29 Feb 2008 18:45:15 GMT)

Plan in advance for the worst severe weather can offer
Peak tornado season in Kansas doesn't arrive until May, but news reports of 2007 and 2008 prove that damaging storms can happen at nearly any time. Advance planning can save some headaches later. (Fri, 29 Feb 2008 18:56:23 GMT)

Battle expected over state payday lending bill
A strong payday lending bill crafted to protect consumers from getting caught in a debt trap faces a battle in the State House of Representatives next month and an uncertain future if it makes it to Gov. Mark Sanford's desk. (Fri, 29 Feb 2008 19:17:07 GMT)

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