Demographics

In replicating the for-profit microlending model that has worked for its namesakes in Bangladesh and six other developing countries, the start-up Grameen America Inc. faces several challenges.

Money transmitters that provide clear disclosures on rates and fees could earn the same type of brand approval used to endorse coffee beans and tuna fish.

A start-up payments vendor has developed a prepaid account that can be used without a card and enables people without credit or debit cards to use cash for online shopping.

First Bank and Trust in Brookings, S.D., has developed a prepaid debit card product that could open a door for community banks to gain new customers and boost fee income.

Financial companies and other vendors are increasingly pitching mobile payments as a method for unbanked immigrants to send remittances across borders, but analysts caution that the market remains immature.

JPMorgan Chase & Co. won a contract to provide reloadable prepaid cards to Rhode Island to replace unemployment checks.

Discover Financial Services has agreed to offer prepaid cards that can be reloaded through Green Dot Corp.'s network.