The Un-banked / Self-banked Industry
What is the unbanked/self banked industry? What does this mean?
Over the past ten years, the United States has experienced the development and exponential growth of a unique consumer sector. According to multiple sources, this sector is most often defined as the unbanked (or self banked), underbanked, and underserved, with the number equating to approximately 83.7 million people in North America alone. These are consumers who, because of a variety of reasons, find themselves outside the mainstream financial services.What is the typical profile of the unbanked (self banked)?
The unbanked come from all walks of life, and many work hourly, blue-collar jobs. One thing they have in common is that they typically fall into one of the categories below. Listed below are the most common factors that drive the unbanked and self banked:- Culture — they may not use a bank because their parents didn’t use a bank or because their family has always operated with cash.
- Low income — they may have opted away from a traditional banking account because their income is low and they can not meet the monthly minimums required for free banking services or they may have poor credit and can not open an account.
- Time constraints — they are limited in time as they may be working multiple jobs and/or their lunch/dinner break may be 15 minutes or non-existent. This means that the availability of cash needs to be at their backdoor, maximizing their time and allowing them to be the most productive for their employer(s).
- Transportation dependencies — they may not have a driver’s license and therefore depend on others for transportation to and from work, to and from the bank, and to and from places to pay bills and/or to wire money.
- Poor education — their education level may be low and they may not understand how a bank operates and/or that their money is safe with a bank.
News:
Notice (8): Trying to get property of non-object [APP/views/layouts/default.ctp, line 89]
Code | Context
$___viewFn = "/home/b2e/cake_app/views/layouts/default.ctp" $___dataForView = array( "page" => "the_un-banked_self-banked_industry", "subpage" => null, "data" => null, "modelClass" => "User", "meta" => array( "id" => "24", "path" => "/pages/the_un-banked_self-banked_industry", "controller" => "pages", "action" => "display", "pass" => "the_un-banked_self-banked_industry", "title" => "B2E - Mobile Financial Services", "description" => "What is the unbanked/self banked industry? What does this mean? Over the past ten years, the United States has experienced the development and exponential growth of a unique consumer sector.", "keywords" => null, "created" => "2010-02-14 10:34:23", "modified" => "2010-02-14 11:42:02" ), "title_for_layout" => "The Un-banked Self-banked Industry", "content_for_layout" => "<img src="/img/stock/services_payroll-clock.jpg" class="pagephoto right" height="250" alt="" /> <h1 id="pagetitle">The Un-banked / Self-banked Industry</h1> <p><h4>What is the unbanked/self banked industry? What does this mean?</h4> Over the past ten years, the United States has experienced the development and exponential growth of a unique consumer sector. According to multiple sources, this sector is most often defined as the unbanked (or self banked), underbanked, and underserved, with the number equating to approximately 83.7 million people in North America alone. These are consumers who, because of a variety of reasons, find themselves outside the mainstream financial services.</p> <p><h4>What is the typical profile of the unbanked (self banked)?</h4> The unbanked come from all walks of life, and many work hourly, blue-collar jobs. One thing they have in common is that they typically fall into one of the categories below. Listed below are the <strong>most common factors that drive the unbanked and self banked</strong>:</p> <ul> <li><strong>Culture</strong> — they may not use a bank because their parents didn’t use a bank or because their family has always operated with cash.</li> <li><strong>Low income</strong> — they may have opted away from a traditional banking account because their income is low and they can not meet the monthly minimums required for free banking services or they may have poor credit and can not open an account.</li> <li><strong>Time constraints</strong> — they are limited in time as they may be working multiple jobs and/or their lunch/dinner break may be 15 minutes or non-existent. This means that the availability of cash needs to be at their backdoor, maximizing their time and allowing them to be the most productive for their employer(s). </li> <li><strong>Transportation dependencies</strong> — they may not have a driver’s license and therefore depend on others for transportation to and from work, to and from the bank, and to and from places to pay bills and/or to wire money. </li> <li><strong>Poor education</strong> — their education level may be low and they may not understand how a bank operates and/or that their money is safe with a bank.</li> </ul>", "scripts_for_layout" => "", "cakeDebug" => "", "html" => HtmlHelper HtmlHelper::$tags = array HtmlHelper::$base = "" HtmlHelper::$here = "/the_un-banked_self-banked_industry" HtmlHelper::$params = array HtmlHelper::$action = "display" HtmlHelper::$data = NULL HtmlHelper::$_crumbs = array HtmlHelper::$__docTypes = array HtmlHelper::$helpers = NULL HtmlHelper::$webroot = "/" HtmlHelper::$themeWeb = NULL HtmlHelper::$plugin = NULL HtmlHelper::$namedArgs = NULL HtmlHelper::$argSeparator = NULL HtmlHelper::$validationErrors = NULL HtmlHelper::$__tainted = NULL HtmlHelper::$__cleaned = NULL HtmlHelper::$_log = NULL, "ajax" => AjaxHelper AjaxHelper::$helpers = array AjaxHelper::$Html = HtmlHelper object AjaxHelper::$Javascript = JavascriptHelper object AjaxHelper::$callbacks = array AjaxHelper::$ajaxOptions = array AjaxHelper::$dragOptions = array AjaxHelper::$dropOptions = array AjaxHelper::$sortOptions = array AjaxHelper::$sliderOptions = array AjaxHelper::$editorOptions = array AjaxHelper::$autoCompleteOptions = array AjaxHelper::$__ajaxBuffer = array AjaxHelper::$base = "" AjaxHelper::$webroot = "/" AjaxHelper::$themeWeb = NULL AjaxHelper::$here = "/the_un-banked_self-banked_industry" AjaxHelper::$params = array AjaxHelper::$action = "display" AjaxHelper::$plugin = NULL AjaxHelper::$data = NULL AjaxHelper::$namedArgs = NULL AjaxHelper::$argSeparator = NULL AjaxHelper::$validationErrors = NULL AjaxHelper::$tags = array AjaxHelper::$__tainted = NULL AjaxHelper::$__cleaned = NULL AjaxHelper::$_log = NULL AjaxHelper::$Form = FormHelper object, "javascript" => JavascriptHelper JavascriptHelper::$useNative = true JavascriptHelper::$enabled = true JavascriptHelper::$safe = false JavascriptHelper::$tags = array JavascriptHelper::$_blockOptions = array JavascriptHelper::$_cachedEvents = array JavascriptHelper::$_cacheEvents = false JavascriptHelper::$_cacheToFile = false JavascriptHelper::$_cacheAll = false JavascriptHelper::$_rules = array JavascriptHelper::$__scriptBuffer = NULL JavascriptHelper::$helpers = NULL JavascriptHelper::$base = "" JavascriptHelper::$webroot = "/" JavascriptHelper::$themeWeb = NULL JavascriptHelper::$here = "/the_un-banked_self-banked_industry" JavascriptHelper::$params = array JavascriptHelper::$action = "display" JavascriptHelper::$plugin = NULL JavascriptHelper::$data = NULL JavascriptHelper::$namedArgs = NULL JavascriptHelper::$argSeparator = NULL JavascriptHelper::$validationErrors = NULL JavascriptHelper::$__tainted = NULL JavascriptHelper::$__cleaned = NULL JavascriptHelper::$_log = NULL, "form" => FormHelper FormHelper::$helpers = array FormHelper::$fieldset = array FormHelper::$__options = array FormHelper::$fields = array FormHelper::$requestType = NULL FormHelper::$base = "" FormHelper::$webroot = "/" FormHelper::$themeWeb = NULL FormHelper::$here = "/the_un-banked_self-banked_industry" FormHelper::$params = array FormHelper::$action = "display" FormHelper::$plugin = NULL FormHelper::$data = NULL FormHelper::$namedArgs = NULL FormHelper::$argSeparator = NULL FormHelper::$validationErrors = NULL FormHelper::$tags = array FormHelper::$__tainted = NULL FormHelper::$__cleaned = NULL FormHelper::$_log = NULL FormHelper::$Html = HtmlHelper object, "time" => TimeHelper TimeHelper::$helpers = NULL TimeHelper::$base = "" TimeHelper::$webroot = "/" TimeHelper::$themeWeb = NULL TimeHelper::$here = "/the_un-banked_self-banked_industry" TimeHelper::$params = array TimeHelper::$action = "display" TimeHelper::$plugin = NULL TimeHelper::$data = NULL TimeHelper::$namedArgs = NULL TimeHelper::$argSeparator = NULL TimeHelper::$validationErrors = NULL TimeHelper::$tags = array TimeHelper::$__tainted = NULL TimeHelper::$__cleaned = NULL TimeHelper::$_log = NULL, "text" => TextHelper TextHelper::$helpers = NULL TextHelper::$base = "" TextHelper::$webroot = "/" TextHelper::$themeWeb = NULL TextHelper::$here = "/the_un-banked_self-banked_industry" TextHelper::$params = array TextHelper::$action = "display" TextHelper::$plugin = NULL TextHelper::$data = NULL TextHelper::$namedArgs = NULL TextHelper::$argSeparator = NULL TextHelper::$validationErrors = NULL TextHelper::$tags = array TextHelper::$__tainted = NULL TextHelper::$__cleaned = NULL TextHelper::$_log = NULL, "session" => SessionHelper SessionHelper::$helpers = NULL SessionHelper::$__active = true SessionHelper::$valid = false SessionHelper::$error = false SessionHelper::$_userAgent = "13930ebaac6aafccf876aac1203f8f1f" SessionHelper::$path = "/" SessionHelper::$lastError = NULL SessionHelper::$security = "high" SessionHelper::$time = 1280450451 SessionHelper::$sessionTime = 1280472051 SessionHelper::$watchKeys = array SessionHelper::$id = NULL SessionHelper::$_started = true SessionHelper::$host = NULL SessionHelper::$_log = NULL SessionHelper::$cookieLifeTime = 0 SessionHelper::$base = "" SessionHelper::$webroot = "/" SessionHelper::$here = "/the_un-banked_self-banked_industry" SessionHelper::$params = array SessionHelper::$action = "display" SessionHelper::$data = NULL SessionHelper::$themeWeb = NULL SessionHelper::$plugin = NULL ) $loadHelpers = false $cached = true $loadedHelpers = array() $page = "the_un-banked_self-banked_industry" $subpage = null $data = null $modelClass = "User" $meta = array( "id" => "24", "path" => "/pages/the_un-banked_self-banked_industry", "controller" => "pages", "action" => "display", "pass" => "the_un-banked_self-banked_industry", "title" => "B2E - Mobile Financial Services", "description" => "What is the unbanked/self banked industry? What does this mean? Over the past ten years, the United States has experienced the development and exponential growth of a unique consumer sector.", "keywords" => null, "created" => "2010-02-14 10:34:23", "modified" => "2010-02-14 11:42:02" ) $title_for_layout = "The Un-banked Self-banked Industry" $content_for_layout = "<img src="/img/stock/services_payroll-clock.jpg" class="pagephoto right" height="250" alt="" /> <h1 id="pagetitle">The Un-banked / Self-banked Industry</h1> <p><h4>What is the unbanked/self banked industry? What does this mean?</h4> Over the past ten years, the United States has experienced the development and exponential growth of a unique consumer sector. According to multiple sources, this sector is most often defined as the unbanked (or self banked), underbanked, and underserved, with the number equating to approximately 83.7 million people in North America alone. These are consumers who, because of a variety of reasons, find themselves outside the mainstream financial services.</p> <p><h4>What is the typical profile of the unbanked (self banked)?</h4> The unbanked come from all walks of life, and many work hourly, blue-collar jobs. One thing they have in common is that they typically fall into one of the categories below. Listed below are the <strong>most common factors that drive the unbanked and self banked</strong>:</p> <ul> <li><strong>Culture</strong> — they may not use a bank because their parents didn’t use a bank or because their family has always operated with cash.</li> <li><strong>Low income</strong> — they may have opted away from a traditional banking account because their income is low and they can not meet the monthly minimums required for free banking services or they may have poor credit and can not open an account.</li> <li><strong>Time constraints</strong> — they are limited in time as they may be working multiple jobs and/or their lunch/dinner break may be 15 minutes or non-existent. This means that the availability of cash needs to be at their backdoor, maximizing their time and allowing them to be the most productive for their employer(s). </li> <li><strong>Transportation dependencies</strong> — they may not have a driver’s license and therefore depend on others for transportation to and from work, to and from the bank, and to and from places to pay bills and/or to wire money. </li> <li><strong>Poor education</strong> — their education level may be low and they may not understand how a bank operates and/or that their money is safe with a bank.</li> </ul>" $scripts_for_layout = "" $cakeDebug = "" $html = HtmlHelper HtmlHelper::$tags = array HtmlHelper::$base = "" HtmlHelper::$here = "/the_un-banked_self-banked_industry" HtmlHelper::$params = array HtmlHelper::$action = "display" HtmlHelper::$data = NULL HtmlHelper::$_crumbs = array HtmlHelper::$__docTypes = array HtmlHelper::$helpers = NULL HtmlHelper::$webroot = "/" HtmlHelper::$themeWeb = NULL HtmlHelper::$plugin = NULL HtmlHelper::$namedArgs = NULL HtmlHelper::$argSeparator = NULL HtmlHelper::$validationErrors = NULL HtmlHelper::$__tainted = NULL HtmlHelper::$__cleaned = NULL HtmlHelper::$_log = NULL $ajax = AjaxHelper AjaxHelper::$helpers = array AjaxHelper::$Html = HtmlHelper object AjaxHelper::$Javascript = JavascriptHelper object AjaxHelper::$callbacks = array AjaxHelper::$ajaxOptions = array AjaxHelper::$dragOptions = array AjaxHelper::$dropOptions = array AjaxHelper::$sortOptions = array AjaxHelper::$sliderOptions = array AjaxHelper::$editorOptions = array AjaxHelper::$autoCompleteOptions = array AjaxHelper::$__ajaxBuffer = array AjaxHelper::$base = "" AjaxHelper::$webroot = "/" AjaxHelper::$themeWeb = NULL AjaxHelper::$here = "/the_un-banked_self-banked_industry" AjaxHelper::$params = array AjaxHelper::$action = "display" AjaxHelper::$plugin = NULL AjaxHelper::$data = NULL AjaxHelper::$namedArgs = NULL AjaxHelper::$argSeparator = NULL AjaxHelper::$validationErrors = NULL AjaxHelper::$tags = array AjaxHelper::$__tainted = NULL AjaxHelper::$__cleaned = NULL AjaxHelper::$_log = NULL AjaxHelper::$Form = FormHelper object $javascript = JavascriptHelper JavascriptHelper::$useNative = true JavascriptHelper::$enabled = true JavascriptHelper::$safe = false JavascriptHelper::$tags = array JavascriptHelper::$_blockOptions = array JavascriptHelper::$_cachedEvents = array JavascriptHelper::$_cacheEvents = false JavascriptHelper::$_cacheToFile = false JavascriptHelper::$_cacheAll = false JavascriptHelper::$_rules = array JavascriptHelper::$__scriptBuffer = NULL JavascriptHelper::$helpers = NULL JavascriptHelper::$base = "" JavascriptHelper::$webroot = "/" JavascriptHelper::$themeWeb = NULL JavascriptHelper::$here = "/the_un-banked_self-banked_industry" JavascriptHelper::$params = array JavascriptHelper::$action = "display" JavascriptHelper::$plugin = NULL JavascriptHelper::$data = NULL JavascriptHelper::$namedArgs = NULL JavascriptHelper::$argSeparator = NULL JavascriptHelper::$validationErrors = NULL JavascriptHelper::$__tainted = NULL JavascriptHelper::$__cleaned = NULL JavascriptHelper::$_log = NULL $form = FormHelper FormHelper::$helpers = array FormHelper::$fieldset = array FormHelper::$__options = array FormHelper::$fields = array FormHelper::$requestType = NULL FormHelper::$base = "" FormHelper::$webroot = "/" FormHelper::$themeWeb = NULL FormHelper::$here = "/the_un-banked_self-banked_industry" FormHelper::$params = array FormHelper::$action = "display" FormHelper::$plugin = NULL FormHelper::$data = NULL FormHelper::$namedArgs = NULL FormHelper::$argSeparator = NULL FormHelper::$validationErrors = NULL FormHelper::$tags = array FormHelper::$__tainted = NULL FormHelper::$__cleaned = NULL FormHelper::$_log = NULL FormHelper::$Html = HtmlHelper object $time = TimeHelper TimeHelper::$helpers = NULL TimeHelper::$base = "" TimeHelper::$webroot = "/" TimeHelper::$themeWeb = NULL TimeHelper::$here = "/the_un-banked_self-banked_industry" TimeHelper::$params = array TimeHelper::$action = "display" TimeHelper::$plugin = NULL TimeHelper::$data = NULL TimeHelper::$namedArgs = NULL TimeHelper::$argSeparator = NULL TimeHelper::$validationErrors = NULL TimeHelper::$tags = array TimeHelper::$__tainted = NULL TimeHelper::$__cleaned = NULL TimeHelper::$_log = NULL $text = TextHelper TextHelper::$helpers = NULL TextHelper::$base = "" TextHelper::$webroot = "/" TextHelper::$themeWeb = NULL TextHelper::$here = "/the_un-banked_self-banked_industry" TextHelper::$params = array TextHelper::$action = "display" TextHelper::$plugin = NULL TextHelper::$data = NULL TextHelper::$namedArgs = NULL TextHelper::$argSeparator = NULL TextHelper::$validationErrors = NULL TextHelper::$tags = array TextHelper::$__tainted = NULL TextHelper::$__cleaned = NULL TextHelper::$_log = NULL $session = SessionHelper SessionHelper::$helpers = NULL SessionHelper::$__active = true SessionHelper::$valid = false SessionHelper::$error = false SessionHelper::$_userAgent = "13930ebaac6aafccf876aac1203f8f1f" SessionHelper::$path = "/" SessionHelper::$lastError = NULL SessionHelper::$security = "high" SessionHelper::$time = 1280450451 SessionHelper::$sessionTime = 1280472051 SessionHelper::$watchKeys = array SessionHelper::$id = NULL SessionHelper::$_started = true SessionHelper::$host = NULL SessionHelper::$_log = NULL SessionHelper::$cookieLifeTime = 0 SessionHelper::$base = "" SessionHelper::$webroot = "/" SessionHelper::$here = "/the_un-banked_self-banked_industry" SessionHelper::$params = array SessionHelper::$action = "display" SessionHelper::$data = NULL SessionHelper::$themeWeb = NULL SessionHelper::$plugin = NULL $MAGPIE_ERROR = "" $url = "http://news.search.yahoo.com/news/rss?p=US+Banking&ei=UTF-8&fl=0&x=wrt" $rss = false $a = 0 $title_array = array() $body_array = array() $link_array = array() $excludes = array( "kjgilyfliyfyifilfflyifl6f" )
<div id="news_feed"><strong class="highlight">News: </strong><?phpif(count($rss->items))
include - APP/views/layouts/default.ctp, line 89 View::_render() - CORE/cake/libs/view/view.php, line 665 View::renderLayout() - CORE/cake/libs/view/view.php, line 453 View::render() - CORE/cake/libs/view/view.php, line 387 Controller::render() - CORE/cake/libs/controller/controller.php, line 805 PagesController::display() - APP/controllers/pages_controller.php, line 82 Object::dispatchMethod() - CORE/cake/libs/object.php, line 117 Dispatcher::_invoke() - CORE/cake/dispatcher.php, line 226 Dispatcher::dispatch() - CORE/cake/dispatcher.php, line 193 [main] - ROOT/b2e/public_html/index.php, line 87
1.888.567.1252