Report: Prepaid Debit Cards Seen As Safe, Simple Way To Bank Unbanked Americans
Only 7 million Americans have no connection to a financial institution but that’s 7 million people who are locked out of the financial services and digital payments opportunities. In the Next-Gen Debit Tracker, a collaboration between PYMNTS and PULSE, a Discover company, Commonwealth National Bank CEO Sidney King told PYMNTS that small steps, like issuing prepaid debit cards, can go a long way toward reaching those consumers.