In this month's American Banker article, CFSI President and CEO, Jennifer Tescher, describes the struggles of cash flow and fragmentation of financial services that a typical underbanked consumer faces, specifically concerning direct deposit, check cashing and rent payment. She points out innovative products like PayPerks and Chexar, which are pushing the envelope with direct deposit and check cashing innovations. Ultimately, Tescher highlights areas where traditional bank products miss the mark, and points out the clear need for financial service providers to solve the consumer's issues in a unified manner using new technology that will create convenient avenues for consumers to transact.

See the full article on American Banker.