the great unbanked


Ignore The Trend Pieces: Cash Isn’t Going Away

If you listen to trend pieces in the news and online commenters, cash is on its way out. There are coffee shops and restaurants that don’t accept it, and most people don’t carry very much cash at any given time. Yet it turns out that retailers still generally prefer cash, since it’s the cheapest way to accept payments. [More]


Bill Clinton and Arnold Schwarzenegger are teaming up to help poor Californians open starter bank and checking accounts so they don’t have to turn to cash checking and payday loan places with usurious fees. [WSJ]