Business

Fake Memphis Associates Checks Arrive Just In Time for Election

Published

5 years ago

November 5, 2020

Memphis Associates personal finance and debt consolidation offers are bait and switch. Memphis Associates has begun flooding the market with debt consolidation and credit card relief offers in the mail with the website mymemphisassociates.com. The problem is that the terms and conditions are at the very least confusing, and possibly even suspect.

The interest rates are so low that you would have to have near-perfect credit to be approved for one of their offers. Best 2020 Reviews, the personal finance review site, has been following Memphis Associates, Tate Advisors, Plymouth Associates, Credit 9, Americor Funding, Safe Path Advisors, Silvertail Associates, etc.).

Best 2020 Reviews closely monitors personal loan offers, debt reduction, and credit card consolidation offers sent through direct mail to consumers.

For the 2020 US Election, finances in America will be a chief topic of discussion. Today, America and the rest of the world is in debt and sinking lower and lower due to the pandemic. More and more money is required for relief packages and people on welfare are bearing the brunt of it. However, will your vote impact your finances in the future? The short answer would be, yes. The person who wins will obviously impact how successful America is in getting back on its feet.

How Will the Result of the Election Impact Your Finances?

This US Election finances have been the topic of a lot of policy decisions for both candidates. If Donald Trump is re-elected, then there’s not likely to be any changes to the tax code. In 2017, the new tax cuts were introduced and they will probably stay. If Joe Biden wins then the Trump Tax Cuts of 2017 may be rolled back slightly or removed altogether. According to the Biden campaign website, anyone making less than $400,000 a year will not face any changes.

Also, Joe Biden has said that he would return the country’s top individual tax bracket back to 39.6%. On the corporate tax side, Biden would raise corporate tax from 21% to 28%. The rate was previously 35% before 2017.

This US Election finances are going to be a huge issue since most people are just scraping to get by and many are in need of some sort of credit card relief. Putting food on the table will actually be a huge issue this time around; more than it’s been for years. Not since the 2008 financial crash have things been this dire in recent memory.

However, consider this; the country is on an unsustainable fiscal path no matter who wins. The fact is that there are far more impactful things than the tax code on your future. So listen closely to these facts.

The government takes in money every year in the form of taxes. If the amount taken in is less than which the government spends, then there will be a deficit. For 2020, the Congressional Budget Office has projected a federal budget deficit of $3.3 trillion. Hence, it means that the US government has spent $6.6 trillion while the budget was only half that. That’s triple the deficit that was recorded in 2019. That’s why this US Election finances have been such a hot topic.

Spending This Holiday Season

There are several things you should keep in mind while spending this holiday season. The COVID-19 pandemic has affected more than just businesses. Millions of people are on welfare and have lost their jobs. The average American carries thousands of dollars’ worth of debt already, hence spending this holiday season is most likely not an option.

Even if you have a considerable amount of money saved up, you should save it. There is no knowing how long the pandemic will last and how the stocks will go down. This US Election finances should be the only thing on your mind and holiday shopping should be postponed. If you don’t spend this holiday season, you’ll at least have a lot of money left over for food, medical bills, and education. If you do, then you’ll probably waste money on something that has very little utility besides the first month.

That doesn’t mean you should spend $0 of course. It just means you shouldn’t splurge. Morning Consult did a survey that showed that this US Election finances are extremely tight for Americans. 39% of those surveyed said that they planned to cut back on gift spending. This was due to the financial squeeze, of course, but also because in person gatherings have been shut down.

Even if somehow you do manage to see your relatives or friends during this time, there won’t be very many. You will likely be spending the holidays with your immediate family members or roommates. If you want to get them a gift or two, go ahead. However, think of a cheaper way to tell them you love them rather than getting that expensive watch or necklace.

Since this US Election finances will be extremely meager for most Americans, it’s important to remember this fact. Gifts that have experiences attached to them are often the most effective. Gifts that are related to your experiences with loved ones create the longest lasting happiness. During COVID-19, those experiences have been few and far between. Hence, getting your loved ones something sappy and sentimental may actually be the best thing for them.

You don’t even have to spend any money for this. You could design a small presentation on your computer or make a video that reminds them of the good times. Or you could spend a little money on a beautiful frame for a sentimental photograph.

Since this US Election finances are tight for everyone, you could just consider helping out as a gift. This doesn’t mean just help out grocery shopping, of course. However, you could help out your neighbors with a handyman job like fixing a pipe. Other odd jobs can including beefing up their computer or installing software or setting up a router. You could even help them put up a shelf or hang their television. Things like these will really speak to your loved ones and show them that you care.

At a time when money is scarce and people are really struggling, you don’t need to shower them with gifts. Just giving them support and showing them you care with small gestures can go a long way. This US Election finances will be one of the most pressing topics for any family. If you can make someone in your own or another family happy for a little while, that’ll be the best gift for them. It won’t cost much, but it’ll mean the world to them.

So remember to save, and spend only on what matters. This US Election finances will be ruling our every thought. That’s why we have to prepare for the worst.

Business

High Volume, High Value: The Business Logic Behind Black Banx’s Growth

Published

2 weeks ago

June 16, 2025

Matthew Wiles

In fintech, success no longer hinges on legacy prestige or brick-and-mortar branches—it’s about speed, scale, and precision. Black Banx, under the leadership of founder and CEO Michael Gastauer, has exemplified this model, turning its high-volume approach into high-value results.

The company’s Q1 2025 performance tells the story: $1.6 billion in pre-tax profit, $4.3 billion in revenue, and 9 million new customers added, bringing its total customer base to 78 million across 180+ countries.

But behind the numbers lies a carefully calibrated business model built for exponential growth. Here’s how Black Banx’s strategy of scale is redefining what profitable banking looks like in the digital age.

Scaling at Speed: Why Volume Matters

Unlike traditional banks, which often focus on deepening relationships with a limited set of customers, Black Banx thrives on breadth and transactional frequency. Its digital infrastructure supports onboarding millions of users instantly, with zero physical presence required. Customers can open accounts within minutes and transact across 28 fiat currencies and 2 cryptocurrencies (Bitcoin and Ethereum) from anywhere in the world.

Each customer interaction—whether it’s a cross-border transfer, crypto exchange, or FX transaction—feeds directly into Black Banx’s revenue engine. At scale, these micro-interactions yield macro results.

Real-Time, Global Payments at the Core

One of Black Banx’s most powerful value propositions is real-time cross-border payments. By enabling instant fund transfers across currencies and countries, the platform removes the frictions associated with SWIFT-based systems and legacy banking networks.

This service, used by individuals and businesses alike, generates:

Volume-based revenue from transaction fees
Exchange spreads on currency conversion
Premium service income from business clients managing international payroll or vendor payments

With operations in underserved regions like Africa, South Asia, and Latin America, Black Banx is not only increasing volume—it’s tapping into fast-growing financial ecosystems overlooked by legacy banks.

The Flywheel Effect of Crypto Integration

Crypto capabilities have added another dimension to the company’s high-volume model. As of Q1 2025, 20% of all Black Banx transactions involved cryptocurrency, including:

Crypto-to-fiat and fiat-to-crypto exchanges
Crypto deposits and withdrawals
Payments using Bitcoin or Ethereum

The crypto integration attracts both retail users and blockchain-native businesses, enabling them to:

Access traditional banking rails
Convert assets seamlessly
Operate with lower transaction fees than those found in standard financial systems

By being one of the few regulated platforms offering full banking and crypto support, Black Banx is monetizing the convergence of two financial worlds.

Optimized for Operational Efficiency

High volume is only profitable when costs are contained—and Black Banx has engineered its operations to be lean from day one. With a cost-to-income ratio of just 63% in Q1 2025, it operates significantly more efficiently than most global banks.

Key enablers of this cost efficiency include:

AI-driven compliance and customer support
Cloud-native architecture
Automated onboarding and KYC processes
Digital-only servicing without expensive physical infrastructure

The outcome is a platform that not only scales, but does so without sacrificing margin—each new customer contributes to profit rather than diluting it.

Business Clients: The Value Multiplier

While Black Banx’s massive customer base is largely consumer-driven, its business clients are high-value accelerators. From SMEs and startups to crypto firms and global freelancers, businesses use Black Banx for:

International transactions
Multi-currency payroll
Crypto-fiat settlements
Supplier payments and invoicing

These clients tend to:

Transact more frequently
Use a broader range of services
Generate significantly higher revenue per user

Moreover, Black Banx’s API integrations and tailored enterprise solutions lock in these clients for the long term, reinforcing predictable and scalable growth.

Monetizing the Ecosystem, Not Just the Account

The genius of Black Banx’s model is that it monetizes not just accounts, but entire customer journeys. A user might:

Onboard in minutes
Deposit funds from a crypto wallet
Exchange currencies
Pay an overseas vendor
Withdraw to a local bank account

Each of these actions touches a different monetization lever—FX spread, transaction fee, crypto conversion, or premium service charge. With 78 million customers doing variations of this at global scale, the cumulative financial impact becomes immense.

Strategic Expansion, Not Blind Growth

Unlike many fintechs that chase customer acquisition without a clear monetization path, Black Banx aligns its growth with strategic market opportunities. Its expansion into underbanked and high-demand markets ensures that:

Customer acquisition costs stay low
Services meet genuine needs (e.g., cross-border income, crypto access)
Revenue per user grows over time

It’s not just about acquiring more customers—it’s about acquiring the right customers, in the right markets, with the right needs.

The Future Belongs to Scalable Banking

Black Banx’s ability to transform high-volume engagement into high-value profitability is more than just a fintech success—it’s a signal of what the future of banking looks like. In a world where agility, efficiency, and inclusion define competitive advantage, Black Banx has created a blueprint for digital banking dominance.

With $1.6 billion in quarterly profit, nearly 80 million users, and services that span the globe and the blockchain, the company is no longer just scaling—it’s compounding. Each new user, each transaction, and each feature builds upon the last.

This is not the story of a bank growing.

This is the story of a bank accelerating.