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ACE Cash Express really has a bankless job. The company owns a chain of financial services outlets that target the underbanked and bankless populations. For a fee, customers can cash checks, obtain short-term unsecured loans ("payday loans"), purchase money orders, pay bills, and set up pre-paid debit cards. There are more than 1,800 ACE Cash Express and ACE Cash Advance stores throughout the US, about 10% of which are franchised locations. ACE stores are typically found in strip malls, in free-standing buildings on busy streets, and in kiosks within retail stores. Private equity firm JLL Partners took ACE private in 2006 in a deal worth some $455 million.
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| | | Contact Information | |
Address: |
1231 Greenway Dr., Ste. 600
Irving, TX 75038-9904
| | Phone: | 972-550-5000 | | Fax: | 972-582-1406 |
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| Financial
Highlights | | Fiscal Year End: | June | | Revenue (2008): | 479.20 M | | Employees (2008): | 4,000 |
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Key People
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Chairman, President, and CEO:
Jay B. Shipowitz
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COO:
Barry M. Barron
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SVP Information Systems and CIO:
Joe B. Edwards
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