The Center for Financial Services Innovation (CFSI) has conducted an investigation into the amounts that prepaid cardholders spend each month to conduct essential financial transactions, and compared that to the amounts that they would spend if they remained underbanked ...

Over the past decade, financial services companies have offered an increasing number of options to households who do not hold or regularly use conventional checking and savings accounts. Some options come from mainstream banks and companies, while others come ...

This article highlights the success that Progreso Financiero has had by tapping into the niche market serving the underbanked.  The company offers small loans to Hispanic families lacking credit scores and banking relationships.  Most of the company's business is ...

IPP of American Inc., partners with CFSI investee, iSend, LLC, to provide International Pay Bill service to U.S. residents who want to pay phone and utility bills for family living in Mexico, Brazil, Jamaica, and Guatemala. This service is powered ...

The CFSI inBrief, “Preferences and Usage of Financial Services Providers,” takes a look at how consumer usage of financial services providers measures up to their preferences.

The CFSI inBrief, "Prepaid Cards vs. Checking Accounts," offers a glimpse into the preferences of both unbanked and underbanked consumers towards prepaid cards and checking accounts.