News | CFSI in the News Archive

New Twist on Philanthropy, the "Second Chance" Account

by Lauren Bielski

CFSI is mentioned in this article, announcing the 2009 launch of "Bank on Evansville," a "second chance" account program intitiated by Old National Bancorp, a participating company of CFSI's newest network forum--the Underbanked Solutions Exchange.

Published in ABA Banking Journal on . Posted: December 2008

Card Created to Help Check Cashers Keep Customers

by Benjamin Jackson

Arjan Schütte is quoted in this article discussing Venture Ltd. new prepaid card, NexisCard, intended to help check cashers maintain customers by generating revenue from fees on direct deposits to the card accounts.

Published in Prepaid Trends on . Posted: December 2008

California Helping Poor and Immigrants Open and Maintain Bank Accounts

by Jennifer Steinhauer

Jennifer Tescher is quoted in this article, announcing the program, Bank on California—an effort to help unbanked consumers open and maintain bank accounts. Bank on California is backed by Governor Arnold Schwarzenegger and funded by the William J. Clinton Foundation.

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Published in The New York Times on . Posted: December 2008

Phoenix Adds Prepaid Debit To Check-Cashing Service

by Daniel Wolfe and Will Hernandez

CFSI research is mentioned in this article about Phoenix Check Cashing Inc. adding prepaid debit cards to its check cashing service.

Published in ATM & Debit News on . Posted: December 2008

Innovation and Leadership at BAI Conference: ‘Now More than Ever’

by D.J. Murphy

Jennifer Tescher is quoted in this article and CFSI is also mentioned in this article.

Visit Paybefore.com to view the entire article. Paybefore.com is a subscription only website.

Published in Paybefore.com on . Posted: December 2008

Karin Fong and Ansel Schütte

by Francesca Segre

Arjan Schütte is quoted in this article about a chance encounters documentary he is working on and the events that led to his marriage to Karin Fong. CFSI is also mentioned in this article.

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Published in The New York Times on . Posted: November 2008

A Milestone for ‘Microloans’ in Queens

by Amanda M. Fairbanks

Jennifer Tescher is quoted in this blog about Grameen Bank of Bangladesh’s pioneering concept microloans, and its potential growth in the United States.

Visit nytimes.com to view the entire article.

Published in The New York Times on . Posted: November 2008

Checks with Prepaid Link, Client's Name

by Daniel Wolfe

Jennifer Tescher is quoted in this article about FirstView developing checks in conjunction with its prepaid card. Tescher explains how offering additional services and products to the prepaid card benefit the consumer.

Published in American Banker on . Posted: November 2008

CFSI Launches New Networking Forum - the Underbanked Solutions Exchange

CFSI's press release annoucing the Underbanked Solutions Exchange was published in Investment Business Weekly.

Published in Investment Business Weekly on . Posted: November 2008

Can a Weak Economy Help GPR Cards?

by Loraine DeBonis

Jennifer Tescher is quoted in this article and CFSI segmentation research on the underbanked market is also mentioned in this article.

Visit Paybefore.com to view the entire article. Paybefore.com is a subscription only website.

Published in Paybefore.com on . Posted: November 2008

Visa to Test General/Transit Payment Card for Unbanked

by Steve Bills

Published in American Banker on . Posted: November 2008

Check Cashers, Redeemed

by Douglas McGray

Jennifer Tescher is quoted in this article, discussing how Kinecta Federal Credit Union made an innovative decision by purchasing Nix Cash Checking outlet.

Visit nytimes.com to view the entire article.

Published in The New York Times Magazine on . Posted: November 2008

Cash-22: Social Protection Not for the Unbanked?

by Jamie Zimmerman

CFSI’s Innovation Exchange study trip to South Africa is mentioned in this blog, which reveals issues that contribute to the lack of social protection for underbanked consumers.

Visit newamerica.net to view the entire article.

Published in The New American Foundation on . Posted: November 2008

UniRush adds Credit Reporting, Texting to its Prepaid Cards

by Ben Jackson

Arjan Schütte is quoted in this article, discussing how UniRush has added credit reporting to its prepaid cards. UniRush is now reporting payments such as utility bills, rent, and phone service to Pay Rent Build Credit, a CFSI Investee.
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Posted: November 2008

Viewpoint: How to Shape the Next Version of CRA

by Jennifer Tescher

Jennifer Tescher explains that the next version of CRA will need to cover all financial services companies, reward good behavior and focus on basic banking services that help prepare consumers for loans.

Published in American Banker on . Posted: October 2008

CFSI Launches Forum for FIs Aiming at Underbanked Market

CFSI is mentioned in this article and Kimberly Gartner is also quoted in this article.

Visit Paybefore.com to view the entire article. Paybefore.com is a subscription only website.

Published in Paybefore.com on . Posted: October 2008