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US Postal Service

Welcome to the News View for "US Postal Service".

Here, on these archive pages, you'll find all of the articles on Payments News for US Postal Service listed in date sequence beginning with the most recent article at the top of the page.

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January 31, 2014

Headline News from PaymentsNews.com - January 31, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from Amazon.com and in an ebook version for your iPad.

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 27, 2014

US Postal Service Explores Providing Non-Bank Financial Services

The US Postal Service's Office of Inspector General has published a new white paper titled: "Providing Non-Bank Financial Services for the Underserved". From the Executive Summary:

The Postal Service is well positioned to provide non-bank financial services to those whose needs are not being met by the traditional financial sector. It could accomplish this largely by partnering with banks, who also could lend expertise as the Postal Service structures new offerings. The Office of Inspector General is not suggesting that the Postal Service become a bank or openly compete with banks. To the contrary, we are suggesting that the Postal Service could greatly complement banks’ offerings.

They conclude the introduction by writing: "There is a clear market need for innovative financial products, and millions of families would benefit from more affordable solutions. The Postal Service could be exactly what they are looking for."

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