Remove Bank Closure Remove Deposit Account Remove On-Demand
article thumbnail

Banking-As-A-Service Takes On The Underbanked SMB

PYMNTS

underbanked population appears to be on the decline, with the Federal Deposit Insurance Corp.’s Consumers aren’t the only ones struggling to cope with the lack of a bank presence in their communities, forcing them to use expensive non-bank financial products like money transfer and check-cashing services. ”