re: Technology the Key for Reaching the Underbanked
The under banked don't want an account that allows over drafts. They also don't want a prepaid account that charges them $4-$5 to deposit cash.
Several banks and at least 2 prepaid but not Banks companies are now offering accounts just like these. Chase, US Bank, Regions, PNC, along with the Amex Bluebird and Green Dot's GoBank are the ones that come to mind.
90% of the Banks don't care to offer these accounts or their legacy software is old and incapable of offering the option.