According to a news release, CFSI will assist Info Touch with designing and implementing innovative methods that deliver effective bill-payment and financial services to underbanked and unbanked consumers. The services are designed to be affordable, convenient and help consumers establish credit and acquire appreciable assets.So it sounds like the $150K will be going directly towards deploying and maintaining a network for unbanked people, perhaps in locations that InfoTouch might have avoided or would otherwise find unprofitable.
Thursday, December 29, 2005
As reported here on Kiosk Marketplace, financial services kiosk maker Info Touch Technologies received a $150,000 equity investment from the Center for Financial Services Innovation, which is a for-profit organization that works to provide underbanked citizens with greater access to financial services.
Posted by Bill Gerba at 9:59 AM