The United States Postal Service had a role that would surprise many Americans today: financial services for much of the 20th century. The USPS offered savings reports between 1911 and 1967, until low enrollment forced them to shutter that solution.
Adjusting that solution to match todayвЂ™s requirements, the USPS may help an incredible number of вЂњunbankedвЂќ and вЂњunderbankedвЂќ US households access banking solutions.
At the time of 2017, roughly 6.5% of households into the U.S., totaling significantly more than eight million, donвЂ™t have actually a merchant account available at an insured bank, based on the Federal Deposit Insurance Corporation . Read More