United State Postal Service may make an entry (in fact, a re-entry) into the financial sector by offering a suite of financial services, which could bring in an estimated $8.9 billion in annual revenue. According to a white paper published by the agency’s Office of the Inspector General, the Postal Service is capable of providing services that include a reloadable prepaid card (possibly with the ability to earn interest), basic check-cashing, Post Office ATMs, mobile applications and a payday loan alternative.
Posted on: Wed, 26 Mar 2014 18:08:37 +0000
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