By Emily Kopp – March 25, 2015 Consider this: Post offices sell money orders and conduct international transfers. Would it be such a big step to expand into the banking world via debit or prepaid cards? Postal Service Inspector General David Williams revived the debate during a discussion Wednesday at the Brookings Institution. As local…
OTTAWA, June 4, 2014 – A study of banks and payday lending companies in the United States and Canada shows a real need for a postal bank exists, especially in areas where post offices abound but few banks offer their services. The paper, presented at the 22nd Rutgers University Conference on Postal and Delivery Economics,…
The United States Postal Inspection Service is investigating reports that fraudsters are installing skimming devices on automated stamp vending machines at Post Office locations across the United States, KrebsOnSecurity has learned. Earlier this month, I began hearing from sources in the banking industry about fraudulent debit card activity on cards that were all recently used…
