Reprinted with permission from Olea Kiosks news 3/16/2019 Considerations When It Comes to Bill Pay Kiosks The Bill Pay Kiosk, Underbanked and Unbanked in 2019 There are all sorts of situations where a company needs to accept regular payments from their customers. Utility payments, cellphone bills and store credit cards are just a few of the situations where… Read More »
Full article as originally published on NPR.org Nearly 13 percent of Philadelphia’s population — close to 200,000 people — are unbanked, according to federal banking data. That’s more than double the regional average. Excerpt: The following is except from news article from PBS on Philadephia deciding to ban “cashless” stores. The Unbanked and Underbanked in Philadelphia Last fall, a veteran lawmaker… Read More »
More than 670,000 people have obtained the identification cards since the program began in January. One of the program’s goals is to help many of those people obtain bank accounts. But some of the biggest banks in the city — including JPMorgan Chase,Bank of America and Citigroup — will not accept the cards as a primary source of identification, even though their federal regulators and some smaller banks have approved their use.
Good article on unbanked in New York, Thanks Kirk at ARCA!