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Article: Banking Relationships of Lower-Income Families and the Governmental Trend toward Electronic Payment.(includes related articles)(Statistical Data Included)
- Article from:
- Federal Reserve Bulletin
- Article date:
- July 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 Board of Governors of the Federal Reserve System. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In the past three years, the federal government and many states have lowered their costs of administering welfare and benefits programs by expanding the use of electronic payment. These initiatives promise to have their greatest significance, and meet their greatest challenge, among lower-income families, the demographic group with the lowest rate of bank account ownership and the least familiarity with electronic transactions.
Although the payment programs do not require a banking relationship, the move to electronic transfer could change the financial practices of many recipients without a deposit account or with no banking relationship at all. Recipients of ...
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Article: Deluxe Electronic Payment Systems Opens New ...
PR Newswire;
June 19, 1998 ;
700+ words
... ... June 19 /PRNewswire/ -- Deluxe Electronic Payment Systems (DEPS), a business unit ... m. on June 19, 1998 at Deluxe Electronic Payment Systems' New Berlin facility. DEPS ... Electronic Payments and June 19 Deluxe Electronic Payment Systems Day. "The millions of dollars ...
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