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  • 14:59 =Cash America Hits 52-Wk High After Conference Presentation

    NEW YORK (Dow Jones)--Cash America International Inc.'s (PWN) shares hit a
    52-week high following the company's presentation Wednesday morning at the
    Raymond James Institutional Investors conference.
    The 30-minute presentation at the Orlando conference gave the specialty
    finance services company a chance to lay out its strong growth record and
    discuss the promise of its Check Cashing Machine, Hoak Breedlove Wesneski &
    Co. analyst Dennis Telzrow said.
    Analysts said the Check Cashing Machine was probably a hot topic. The
    machine, deployed by Cash America's Mr. Payroll unit, uses a facial
    recognition technology to confirm a customer's identity. The machines are
    currently being tested by BankAmerica Corp. (BAC) and Wells Fargo & Co. (WFC)
    and will begin testing at Banc One Corp. (ONE).
    Sean C. Davis, an analyst at Ferris Baker Watts, said the Check Cashing
    Machine is the world's first check-cashing and automated teller machine and
    has rallied a lot of "enthusiasm related to the Mr. Payroll subsidiary."

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42.200.00(0.00%)Sep 1 4:00 PMEDT