EQUITEX INC, (EQTX) Stock Research Free Stock Rating

Company Profile

Equitex, Inc. engages in the marketing and provision of cash access and consumer financial services in the United States. The company’s wholly owned subsidiary, Chex Services, provides cash access services to casinos and other gaming establishments, in addition to marketing products to other establishments in the casino, entertainment, and hospitality industries. Its total funds transfer system allows casino patrons to access cash through check cashing, credit/debit card cash advances, automated teller machines (ATMs), and wire transfers. Chex Services' check and credit card advance systems allow it to compile demographic data about patrons that utilize these services. The collected patron demographic data is then provided to the casino operators and can be used in their marketing efforts. The company’s other subsidiary, Denaris Corporation, provides a prepaid reloadable stored value card program, which allows customers to load money onto the FastFunds card that can be used at ATM's worldwide and at any location that accepts personal identification number-based point of sale debit transactions. Equitex was organized under the laws of Delaware in 1983 and is headquartered in Englewood, Colorado.

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