Payment cards and the unbanked: prospects and challenges

Julia Cheney

No 05-17, Consumer Finance Institute discussion papers from Federal Reserve Bank of Philadelphia

Abstract: On July 13-14, 2005, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a conference to better understand the ways in which electronic payment tools are being adapted to meet the financial needs of underserved consumers. This event, ?Payment Cards and the Unbanked: Prospects and Challenges,? brought together a range of perspectives from the banking industry, community development arena, academic community, and regulatory groups, as well as providers of new and emerging payment technologies. These participants examined the opportunities and challenges in providing financial tools that are less costly than those offered in the alternative financial sector ? check cashers, money transmitters, payday lenders, and the like ? but that, at the same time, meet the financial needs of underserved consumers and are economically viable for traditional and emerging providers.

Keywords: Payment systems; Unbanked (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-fmk
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.philadelphiafed.org/-/media/frbp/asset ... eUnbankedSummary.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpdp:05-17

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Consumer Finance Institute discussion papers from Federal Reserve Bank of Philadelphia Contact information at EDIRC.
Bibliographic data for series maintained by Beth Paul ().