News | Press Release Archive

FDIC National Survey on Underbanked a Crucial Piece to Understanding the Demographics of the Underbanked in the U.S.

CFSI says even more can be done to serve the underbanked by understanding their attitudes and behaviors

CHICAGO – December 3, 2009 –The FDIC’s National Survey of Unbanked and Underbanked Households is an essential piece to understanding who the underbanked are. The survey’s design ...

Posted: December 2009

CFSI Convenes Nonprofits and Financial Institutions To Discuss Underbanked in U.S.

Unique Joint Meeting Designed To Share Knowledge, Promote Cross-Sector Innovation

CHICAGO - November 4, 2009 –The Center for Financial Services Innovation (CFSI) announced today an unprecedented joint gathering of its Nonprofit Development Lab and its Underbanked Solutions Exchange, comprised of nonprofit executives ...

Posted: November 2009

CFSI launches Policy Initiative to address access to sound financial products for the Underbanked

November 2, 2009 | IL

New Policy Director Melissa Koide to champion federal financial services policy

CHICAGO - November 2, 2009 - The Center for Financial Services Innovation (CFSI) announced today the launch of a significant policy initiative to provide national leadership and new ideas on public policies ...

2 pp.

CFSI Convening Explores Consumer Credit and Industry Needs

Industry Meeting Spotlights Innovation, Impending Regulatory Legislation and Effect on Consumers
CHICAGO - October 7, 2009 – The Center for Financial Services Innovation (CFSI) will welcome more than 30 senior executives from a broad cross-sector of the financial industry in Chicago today ...

Posted: October 2009

The Center for Financial Services Innovation Joins Clinton Global Initiative

CFSI To Advance High Return/Positive Impact Companies; Reflects President Clinton’s Vision of Global Action

CHICAGO, September 25, 2009 – The Clinton Global Initiative (CGI) announced its support this morning for The Center for Financial Services Innovation (CFSI) and CFSI’s commitment ...

Posted: September 2009

CFSI Partners with Network Branded Prepaid Card Association and NetSpend to Create Prepaid Educational Resources for Non-Profits

Educational Guide and Training Sessions for Nonprofit Leaders
Focused on Prepaid Cards and the Underbanked

Dallas, June 3, 2009 - The Center for Financial Services Innovation, announced today at the Underbanked Financial Services Forum that it has partnered with The Network ...

2 pp.

Posted: June 2009

Underbanked Consumers Tell Their Stories in New Video

During her opening remarks this morning at the Underbanked Financial Service Forum, Jennifer Tescher premiered The Center for Financial Services Innovation’s first video production, “CFSI: Innovation in Action.”

Posted: June 2009

Study reveals underbanked monthly transaction fees for the same transactions can range from $10 to almost $100 depending on choice of provider

Study reveals underbanked monthly transaction fees for the same transactions can range from $10 to almost $100 depending on choice of provider
CFSI Kicks off Underbanked Financial Services Forum with the Release of Their Latest Research Effort

The Center for Financial Services ...

Posted: June 2009

CFSI ANNOUCES NEW PARTICIPANTS OF ITS INNOVATORS AND RESPONSIBLE CREDIT ROUNDTABLES

Joint Session of Roundtables Meet Today to Continue Progress on Underbanked Strategies

Chicago, April 29,2009 –CFSI’s Innovators and Responsible Credit Roundtables meet today in Chicago, joined by four new participating organizations, Green Dot Corporation, Meta Payment Systems, LexisNexis Risk & Information Analytics ...

Posted: April 29, 2009

Network Branded Prepaid Card Association and The Center for Financial Services Innovation Release New Data on Prepaid Card Usage and Underbanked Consumers

The Network Branded Prepaid Card Association (NBPCA), a non-profit, inter-industry trade association created to advance the success of branded prepaid cards, (cards usable wherever American Express, Discover, MasterCard or Visa cards are accepted), and the Center for Financial Services Innovation, a non-profit ...

Posted: April 2009

CFSI Announces Growth of its Underbanked Solutions Exchange and New Sponsor

The Center for Financial Services Innovation (CFSI) announced today Meta Payments Systems as a sponsor of the Underbanked Solutions Exchange and ESL Federal Credit Union as the Exchange’s newest participant. At a time when many financial service providers are looking for profitable ...

2 pp.

Posted: April 1, 2009

Eighty Percent of Prepaid Industry Executives See Underbanked Consumers as Important to the Future Growth of Prepaid

The Center for Financial Services Innovation (CFSI) announced today that 80 percent of polled prepaid industry executives see underbanked consumers as important or very important to the future growth of the prepaid industry, according to its latest survey of prepaid industry executives. ...

Posted: March 2009

Complete CFSI Underbanked Consumer Study Now Available

The Center for Financial Services Innovation (CFSI) is announcing today the availability of the complete CFSI Underbanked Consumer Study for purchase. Included will be the full study results and tailored business recommendations for serving the underbanked population from CFSI, the leading expert ...

Posted: February 19, 2009

CFSI Launches Initiative for Nonprofit Innovators—Nonprofit Development Lab

The Center for Financial Services Innovation (CFSI) announced today the launch of its new Nonprofit Development Lab—an initiative designed to support the efforts of a select group of nonprofit organizations, providing innovative financial services and asset-development opportunities to underbanked consumers.

Posted: February 2009

Informative Underbanked Segmentation Study Discussed at BAI Retail Delivery

Jennifer Tescher, Director of the Center for Financial Services Innovation, revealed new details from the nation’s first underbanked consumer segmentation study at this year’s BAI Retail Delivery Conference & Expo in Orlando, Florida. Her session, “Segmentation: The Secret to Successful Underbanked Strategies,” ...

Posted: November 18, 2008

CFSI Launches New Networking Forum- The Underbanked Solutions Exchange

The Center for Financial Services Innovation announced today the first meeting of its inaugural Underbanked Solutions Exchange meeting — a network of mid-sized banks and credit unions committed to serving the underbanked consumer.

Posted: October 2008