PLS

PLS

Community financial services center offering payments

Overview

PLS runs a network of community financial services with over 200 locations across 12 states, offering free money orders, low-cost check cashing, Xpectations! Visa Prepaid cards, money transfers, direct deposits, and bill payments. Customers use branches or its money services to perform tasks like paying bills, sending money, or cashing checks, with fast and clear-fee options. The company differentiates itself by hiring and promoting from within local communities and by investing in those communities, pairing neighborhood service with broad regional access. Its goal is to deliver value, respectful service, and opportunities for both customers and employees to deserve better.

About PLS

Simplify's Rating
Why PLS is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

1997

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Simplify's Take

What believers are saying

  • Ria became PLS's exclusive money-transfer provider in September 2024.
  • PLS still advertises over 200 locations and 24/7 access, sustaining foot traffic.
  • Xpectations! Plus expands deposits, overdraft, and ATM economics beyond check cashing.

What critics are saying

  • FTC's 2012 PLS case remains live on its enforcement docket in 2026.
  • Illinois regulators and CFPB-aligned plaintiffs keep targeting payday-lending fees and credit-reporting practices.
  • A new state payday cap or federal remittance rule could crush PLS margins within a year.

What makes PLS unique

  • PLS runs 200-plus 24/7 community financial service centers across U.S. cities.
  • PLS bundles check cashing, bill pay, foreign exchange, and Ria transfers.
  • Xpectations! Plus gives five million-plus customers debit cards and embedded banking.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Vacation

Ongoing Training

Company News

Yahoo Finance
Sep 4th, 2024
Euronet's Ria Expands Reach With PLS Partnership in the United States

Euronet Worldwide, Inc.'s EEFT Ria Money Transfer ("RIA") inked a deal with a leading community financial services retailer, PLS Financial Services, headquartered in Chicago.

GlobeNewswire
Sep 3rd, 2024
Ria Money Transfer and PLS Financial Services Inc. Join Forces To Offer World-Class Money Transfer Services To Their Customers

Ria Money Transfer and PLS Financial Services Inc. join forces to offer world-class Money Transfer services to their customers.

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