These Tools Let You Shop Online Without a Credit or Debit Card
Amazon Cash charges no fees to the consumer, PayPal My Cash has a $3.95 activation fee and PayNearMe encourages merchants to absorb the fees, but transactions with some merchants incur a fee that can be as high as $5.99, which is disclosed up front. Ryan Falvey, the managing director for Financial Solutions Lab at the […]
Fintech Apps Bring Stability to Stressed Families
“In the U.S. we don’t really have an access-to-banking problem,” says Jennifer Tescher, president of the Center for Financial Services Innovation, a nonprofit that aims to help the industry better serve low- and moderate-income consumers. After all, 93% of U.S. households have bank accounts, according to the latest Federal Deposit Insurance Corp. data. “The bigger […]
JPMorgan’s start-up partner was ‘blown away’ by Dimon’s letter
Ryan Falvey knew that the Center for Financial Services Innovation was highly regarded at JPMorgan, but he was shocked to see it so prominently featured in CEO Jamie Dimon’s annual shareholder letter. Read the full article here >>>
The data access debate is about to get a lot more interesting
As the data access debate rages on, Beth Brockland and Jennifer Tescher of the Financial Health Network explain we need a broader set of industry-wide standards and best practices if we are to arrive at solutions that support consumer choice and innovation. Read the full article here >>>
New Book with Chapter from Jennifer Tescher and Rachel Schneider Released
The Financial Health Network’s own Jennifer Tescher and Rachel Schneider have contributed a chapter to the newly released book, What It’s Worth: Strengthening the Financial Futures of Families, Communities and the Nations. Americans everywhere struggle to build strong financial futures for themselves and their families. The book provides a 360-degree view of the financial challenges […]
“VITA Credit Builder” by Mission Economic Development Agency
In 2010, Mission Economic Development Agency (MEDA) launched its Volunteer Income Tax Assistance (VITA) Credit Builder program with the primary goal to establish or improve credit for low-income Latino immigrants and help them responsibly manage credit over the long term.
Checking Accounts and the Financially Struggling Majority
Press Release: Financial Solutions Lab Announces Winners of $3 Million Cash Flow Management Competition
Center for Financial Services Innovation and JPMorgan Chase today commit capital and technical assistance to nine innovative fintech organizations solving cash flow management challenge CHICAGO, June 11, 2015 — Today the Financial Solutions Lab (“FinLab”) announced nine financial technology innovators as the winners of its $3 million, inaugural competition aimed at identifying solutions that help […]
Press Release: Financial Solutions Lab Announces $3 Million Competition to Tackle Consumer Financial Security
Center for Financial Services Innovation and JPMorgan Chase call on innovators to submit high-tech solutions to address consumers’ cash flow challenges CHICAGO, February 24, 2015 — The Financial Solutions Lab at the Center for Financial Services Innovation (CFSI) with founding partner JPMorgan Chase & Co. today announced a $3 million competition for technology innovators working […]
Press Release: New Publication Press Release: Establishes Guidelines for Evolving Payroll Card Industry
Leading Innovators Adopt High-Quality Practices from the Financial Health Network’s Compass Guide to Payroll Cards