News  |  CFSI In The News

CFSI’s first video production CFSI: Innovation in Action is featured on Spotlight on Poverty and Opportunity. Spotlight is an initiative to stimulate national discussion and draw greater attention to the issues of poverty and opportunity during the 2008 elections. Today, Spotlight is a leading non-partisan forum on poverty in the country, known for presenting “big tent” ideas and solutions for reducing poverty and increasing economic opportunity through its comprehensive website, policy events, and original research and surveys.

What the video on spotlightonpoverty.com or learn more about the video on CFSI’s website.

The Consumer Financial Protection Agency proposed by President Obama has the potential to be a champion for financial services innovation that promotes greater inclusion of the underbanked.  Unfortunately, the current plan is virtually all sticks and no carrots. While access to financial services is billed as a core principle of the proposed agency, the plan offers few details about how access would actually be improved.

Please view the article attached below.

Rachel Schneider is quoted in this article, which covers Green Dot's announcement to restructure their prepaid cards to reward long-term consumers by reducing upfront fees and maintenance fees--a move that could greatly influence the direction of the prepaid industry.  Green Dot Corporation is also a member on CFSI's Innovators Roundtable.

Find the article attached below.

This article notes that Jennifer Tescher premiered CFSI's first video production, “CFSI: Innovation in Action.” The Citi Foundation funded this video which offers success story interviews from consumers using prepaid cards, new small-dollar products, and in-bank check cashing/second chance accounts and showcases innovative companies including KeyBank, NetSpend and Progress Financial.

View the video on our website: http://www.cfsinnovation.com/news-latest-detail.php?article_id=330601.

Read the article in its entirety on banknews.com.

This article briefly explains the partnership between the Center for Financial Services Innovation (CFSI), the Network Branded Prepaid Card Association (NBPCA) and NetSpend, which will result in The Nonprofit’s Guide to Prepaid Cards, a serios of prepaid-focused webinars, and a scholarship fund for select nonprofits. 

View the entire article on Paybefore.com.

This article covers a recent press release noting that The Center for Financial Services Innovation, announced today at the Underbanked Financial Services Forum that it has partnered with The Network Branded Prepaid Card Association (NBPCA) and NetSpend to create educational resources around prepaid cards to support nonprofit organizations actively serving underbanked consumers.

View the entire article online at Sellingprepaid.com.

In this article, several themes around prepaid cards and adding additional savings and credit building features into the cards are discussed by several speakers of the 4th Underbanked Financial Services Forum, including Andrew Crowe (Meta Payment Systems), Alex Liu (MasterCard), and Trent Sorbe (Meta Payment Systems)--all three involved in various CFSI roundtables/exchanges.

Visit the Paybefore.com website to view the entire article.