Financial Inclusion

Financial Inclusion
Have A Credit Card In Your Purse? Thank Ruth Bader Ginsburg
September 22, 2020

The nation mourns this week as Supreme Court Justice Ruth Bader Ginsburg will lie in state in Washington, DC starting Wednesday (Sept. 23) in the Supreme Court and ending the week on Friday (Sept. 25) in the Capitol Building. Ginsburg died on Sept. 18 after...

Financial Inclusion
Nacha Provides Guidance On Voice Payments, Cybersecurity
September 18, 2020

Nacha, the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. 17). The Payments Innovation Alliance, a membership group that includes financial institutions (FIs) and payment providers, has released “Voice Payments: An...

Financial Inclusion
Mastercard Commits $500M To Boost Black Communities, Businesses
September 17, 2020

Mastercard said it will invest $500 million in Black communities across the U.S. over the next five years in a bid to address racial disparities in financial services. The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people...

Financial Inclusion
Why FedNow, Postal Banking Might Find Spotlight in November Election
August 11, 2020

The presidential race is now, finally, and fully, on. And, so, too, is the parlor game of guessing what happens if the current administration gives way to a new one. Joe Biden, the presumptive Democratic party nominee for president, has announced that California Sen. Kamala...

Financial Inclusion
American Express Launches New Credit Score Management Tool
August 11, 2020

If you are interested in not just tracking your credit score, but finding ways to boost it, American Express may have the product for you. On Tuesday (Aug. 11), Amex launched Score Goals, an online platform that augments and expands the card company’s established credit...

Financial Inclusion
Mastercard’s Head Of Innovation: How The Microsoft Partnership Will Boost Digital Commerce Globally
July 29, 2020

Payments and commerce players are used to rapidly changing landscapes. One of the defining characteristics of the past decade or so has been that what’s an industry-disrupting innovation one day is old news within six months. But even by that standard, the recent COVID-related moves...

Financial Inclusion
Indonesia’s Bukalapak To Help SMBs Provide Banking Services
July 10, 2020

Bukalapak, one of the largest eCommerce companies in Indonesia, is getting bigger. With the backing of the Ant Group, the Chinese affiliate of the Alibaba Group, Bukalapak is vowing to turn small businesses that use its B2B eCommerce platform into banking agents through a partnership with one of the...

Financial Inclusion
Zogo: How A 21-Year-Old Duke University Grad Is Reinventing Financial Literacy
June 29, 2020

When Bolun Li was in high school, a local bank came in and offered a heavily branded PowerPoint presentation about financial services and money management to students who reacted pretty much the way one would expect. Since it was an ungraded class with no immediate...

Financial Inclusion
Dr. Annamaria Lusardi: FinTech Is Great, But No Substitute For Teaching Kids Financial Literacy
June 15, 2020

Everyone in a modern society needs to know how to read, so America spends an awful lot of time, treasure and talent developing literacy curricula for kids. We take a similar attitude when it comes basic math and science — but when it comes to...