Plastyc to Address Mobile Banking for the Unbanked at Clinton Global Initiative

Patrice Peyret, CEO of Plastyc, will share mobile banking best practices for the unbanked in at the Clinton Global Initiative's working group, Financial Inclusion: Building a Path to Financial Security, in Chicago June 7th and 8th.

New York, NY (PRWEB) June 05, 2012

Plastyc CEO Patrice Peyret will share examples of innovative services and products for the unbanked at the second annual Clinton Global Initiative America (CGI America) in Chicago June 7th and 8th.

As participant in the CGI Financial Inclusion: Building a Path to Financial Security working group, Peyret will discuss leveraging mobile technology to reach traditionally underbanked consumers and using advanced features and analytics to help support financial responsibility.

"More than 60 percent of our customers have an annual income under $25,000, more than 75 percent have smart phones and more than 80 percent of funds loaded into our customer accounts are direct deposits. Clearly, there's a huge opportunity to use mobile technology to reach people who otherwise would be living in the cash-only economy," said Peyret.

Peyret will join working group advisors John Hope Bryant, chairman and CEO of Operation Hope, and Jennifer Tescher, president and CEO of Center for Financial Services Innovation (CFSI), along with executives from major corporations including Visa, MasterCard and Paypal and government officials.

Plastyc provides the UPside Visa prepaid cards and iBankUP money management services to young and underbanked customers as full replacements for checking accounts. Plastyc is one of the first companies to make a public commitment to CFSI's Compass Principles, which are guidelines for providing financial services are safe and actively contribute to improving people’s lives.

The 2012 CGI America meeting will take place at the Sheraton Chicago Hotel & Towers in Chicago. Gathering in large plenary sessions and smaller working groups, attendees ranging from Fortune 500 CEOs to mayors will discuss and publicly commit to innovative solutions that prepare Americans to be competitive in the global economy.

The CGI agenda and sessions descriptions are available here. Follow @iBankUP on Twitter for highlights from the financial inclusion workgroup. The event hashtag is #CGIAmerica.

About Plastyc, Inc.

Plastyc delivers good banking to all by providing 24x7 access to FDIC-insured accounts through any Internet-connected computer or cell phone. Unlike traditional checking accounts, Plastyc's iBankUP portal and UPside Visa prepaid cards never incur overdrafts and offer better services at lower prices, with more ways to receive money and no risk of over-spending it. Plastyc is privately held with headquarters in New York City.

For more on Plastyc, visit http://www.plastyc.com .

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