Financial services executives and representatives from non-profit organizations and state and local governments will discuss topics such as prepaid cards, the use of alternative data, and short term credit.

The Federal Reserve Bank of Philadelphia and the Center for Financial Services Innovation are cosponsoring “Innovative Financial Tools for Serving the Underbanked,” a day-long conference on new products and services for underbanked consumers.

Financial services executives and representatives from non-profit organizations and state and local governments will discuss topics such as prepaid cards, the use of alternative data, and short term credit.

The conference will be held at the Federal Reserve Bank of Philadelphia on October 16, 2007 from 9:00 a.m. – 3:45 p.m., and costs $25. Registration will begin in early September.

Upcoming Webinar
In September, the Bank Administration Institute (BAI) will hold a webinarto discuss strategies for check cashing services to underbanked consumers. The webinar is scheduled for Thursday, September 20, 2007 12:30 PM - 1:30 PM Central.

According to BAI, underbanked consumers are a large and growing market segment, with significant economic power and potential. The webinar will discuss "Who are underbanked consumers and how can financial institutions use a check cashing program to turn this growing segment into profitable customers."

Jennifer Tescher, Director at The Center for Financial Services Innovation (CFSI), the nation’s foremost resource on Underbanked strategy and practices, will provide an overview of the Underbanked customer segmentation and how financial institutions can acquire valuable new customers via a check cashing program.

Webinar Details:
Check Cashing: A Good Acquisition Strategy for the Underbanked
Thursday, September 20, 2007
12:30 PM - 1:30 PM Central
BAI Member: $195 BAI Non-Member: $295

Registration for this webinar closes 9/19 at 5:00 PM Central.

Presenters:
Jennifer Tescher, Director, CFSI
Bruce D. Murphy, President, Community Development Banking, KeyBank

Click here to register.