unbanked

Banks? insatiable appetite for fee income may be swaying many consumers to use prepaid debit cards to avoid high, unfair fees, to gain control of debt and to gain access to banking services more cheaply.

Millions - possibly billions - of dollars are homeless, lacking a warm, dry bank account providing a roof over their heads. Although it might seem hard to imagine a day where we're stuffing mattresses with money instead of depositing paychecks in the bank, analysts say that scenario isn't too far...

While banks and banking in general are something most of us take for granted, something as simple as paying an electric bill could take an individual in Latin America several hours of waiting in line. Some might even travel up to 15 km just to pay a bill. The impact of such barriers to paying a...

On the heels of a bill-paying service for its customers, Wal-Mart Stores Inc. has announced that employees will no longer be receiving paychecks.But wait, it's not as bad as it sounds. In fact, it's quite good.Walmart will be paying all of its employees through direct deposit, and for those who...