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.


What do you think was the top postal story of 2013?

No one can claim 2013 was an uneventful year in the postal world. Early in the year, the U.S. Postal Service made the blockbuster announcement that it would move to 5-day delivery, but by mid-year it had changed course and pulled the plan. Then, on Christmas Eve, the Postal Regulatory Commission issued a momentous decision to approve the exigent price increase, only temporarily through surcharges. Sprinkled in between were drones, barcodes, and Sunday delivery.



Recent Poll

Would you abandon your online cart if you discovered at checkout that shipping costs money?

Recent Comments

  • 11 hours 33 min ago
    I placed a "hold mail" request (Confirmation #: CAH229463586). My mail was to be held from 11-20-15 to 11-26-15. I came home and mail was in my mailbox. I am very unhappy about this....
  • 15 hours 44 min ago
    Suspicion of passport stolen during "tracked" delivery # 9114 9999 4431 3872 0739 02, case # CA125527754. Details follow in message intended for Customer Service previously contacted by...

Monthly Archive