unbanked

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unbanked

People who do not have bank accounts. Also called the "underbanked," such individuals rely on non-bank check cashing, payday lending, money order, and money transfer services for their financial transactions.
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An overwhelming majority of survey respondents - 93% - said that reaching underbanked consumers is important or very important to the future of the financial services industry
NEW YORK -- Core Innovation Capital (Core) announced this morning the launch of the "Core Underbanked Innovators Challenge" and seeks nominations for the best new product or service innovation for the un- and underbanked in America.
We are excited to bring the Underbanked Solutions Exchange to California for our site visit to SelfHelp's Micro Sucursal," said CFSI Relationship Manager Karen Andres.
Sionic Mobile and Customer Engagement Technologies (CET) are partnering to provide mobile loyalty and instant universal rewards to the underbanked, the companies said.
Oklahoma has among the highest percentage of unbanked and underbanked households in the US, according to a survey carried out by the Federal Deposit Insurance Corp.
There are obviously many answers to this question, but a few of the reasons people are underbanked include:
SAN FRANCISCO -- When it comes to paying bills, too often the nation's 37 million underbanked American's do it using hard and costly ways: in cash, and in person, bill pay by mail, or by phoning call centers.
based Center for Financial Services Innovation and Core Innovation Capital said they have released their second annual underbanked market sizing brief, which illustrates the range of opportunities for institutions seeking to develop affordable financial solutions in the marketplace.
Bureau of the Census conducted the National Survey of Unbanked and Underbanked Households in June 2011 as a supplement to its Current Population Survey.
6 per cent) of all households in the United States are unbanked or underbanked and that those households are disproportionately low-income and/or minority.
Arkansas' unbanked and underbanked population statistics were more in line with the rest of the South in the FDIC's report.