Regions' products are aimed at "pay-as-you-go" customers

03/29/2012 | (free registration)

Check-cashing, money transfer, prepaid cards and expedited bill pay are among the alternative financial services that Regions Financial began offering this week. John Owen, senior executive vice president of consumer services, said the suite is meant for the "growing pay-as-you-go consumer," but that consumer is not necessarily defined as some might think. More than half of the bank's check-cashing services earn more than $50,000 a year, he said.

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