Financial Inclusion

Alternative Finances
Georgia Vendors Receive Over $100M In Incorrect Federal Payments
October 16, 2014

The state of Georgia is in some hot water after failing to correctly manage its WIC program—a public assistance federal food initiative that helps provide balanced nutrition for mothers and young children. According to reports, Georgia’s myriad errors in running the statewide WIC program resulted...

Alternative Finances
EMV’s Role in the Prepaid World
October 16, 2014

For some, EMV-enabled payment cards are about more than just security. For some, EMV is deemed essential for banks with reloadable prepaid products to both cut costs and boost convenience for international travellers, says Pamela Kohl, Executive VP of Products and Channels, Banco do Brasil...

Alternative Finances
Simple Bank Is Simply Broken
October 13, 2014

While it is a well accepted idiom that the road to hell is paved with good intentions, the corollary wisdom that the path to simplicity is often paved with cacophonous confusion is often overlooked. That is a shame for the powers that be at Simple,...

Alternative Finances
Why Amazon And Google Terrify Bankers
October 13, 2014

Recently released research indicates that large tech firms such as Google, Apple and Amazon are looking less like partners and more like emerging competitors to banks. A survey of banking professionals by banking software provider Temenos indicated that almost a quarter of respondents believe their most...

Bitcoin’s Rollercoaster Ride to Nowhere
October 07, 2014

The Bitcoin exchange rate gets a lot of attention. Look at all the stories today over the fact that the exchange rate dipped below $300 on October 5, 2014 for the first time in 11 months, reaching $288.82 and down $869.51 from its all time...

Alternative Finances
How Much More Expensive Are Business Checking Accounts?
October 07, 2014

For businesses owners, particularly of the small variety, their checking accounts may not be their friends. A new study released by WalletHub reveals that, when stacked up against their personal checking using counterparts in the consumer market, business customers are getting the short end of...

Western Union Money Transfers Come To Walgreens And Duane Reed
October 02, 2014

Western Union is now allowing customers of Walgreens to transfer money domestically through a new Western Union stage-and-pay kiosk model.  The kiosks will use the the Walgreens Balance Financial platform. Starting now, customers can send or receive money at almost 8,000 Walgreens and Duane Reade locations...

Credit Karma Raises New Round, And Valuation
September 30, 2014

Whoever said that no one ever got rich giving something away for nothing had clearly never met the good people at Credit Karma.  The San Francisco start-up that made its name by offering consumers a truly free glance at their credit reports has just finished...

The Basement Drops Another Floor
September 26, 2014

Just a few weeks ago we thought that a $500 bitcoin floor was the bottom of the barrel, but bitcoin has dipped even further, reaching a new low, down in the 400’s. This week bitcoin took a long fall down to $410.61 from $450.68.