Filling the Gap: The Postal Service and the Financially Underserved

Could the U.S. Postal Service help the nearly 70 million Americans who are cut off in some way from the mainstream financial system? We’re talking about people who, because they lack ready or full access to normal banking services, paid $89 billion in fees and interest to alternative financial service outlets such as payday lenders and check cashers in 2012 alone. They are the financially underserved – also known as the underbanked or unbanked – and many of them are one unexpected expense away from bankruptcy or homelessness.


Intelligence Delayed, but Not Derailed

It’s back to the future for the requirement that all letter and flat automation mailings be Full-Service Intelligent Mail barcode (IMb) compliant to obtain discounts. Mailers were expecting implementation this week of the Full-Service requirement, but the U.S. Postal Service pushed back the date until 2015 because the Postal Regulatory Commission ruled that the mandate constituted a price increase that would have busted the inflation-based price cap.



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Recent Comments

  • 6 hours 38 min ago
    I love the idea of utilizing the Postal Service to help spread awareness and support causes! I am a letter carrier, and my husband is a Carrier Supervisor. Last July, 3rd, I donated a kidney to him...
  • 14 hours 13 min ago
    I am ONCE AGAIN having "delivery issues" with my mail, Today a package was JAMMED into my box along with crushing it the carrier also crushed letters by JAMMING the package into a space too...

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