WWAG .0016 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."
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