2. Thank You To Our Sponsors
2
Presenting Sponsors
Supporting Sponsor Welcoming Reception Sponsor
Associate Sponsors
Founding Sponsors
3. About CFSI
Inform:
Making the Case
for the
Underbanked
CFSI leads the
industry with
actionable market
& consumer
research, new ideas
and thought
leadership
Advise:
Providing Ideas,
Dialogue and
Guidance
CFSI brings like-
minded companies
together to
facilitate an
exchange of ideas
and to foster
partnerships
CFSI’s mission is to ensure underserved consumers have access to high quality
financial products that enable them to thrive financially within a sustainable
marketplace. We work with industry, policy makers, consumer advocates, and
researchers, bridging between consumers and financial service providers.
Invest:
Seeding
Innovative
Solutions
CFSI promotes
double bottom
line innovation
through grants and
investments
Advocate:
Informing and
Influencing Policy
CFSI generates new
ideas and provides
underbanked
expertise to shape
and inform policies
affecting financial
products and
services for
underbanked
consumers
4. The Compass Principles
Embrace Inclusion
Responsibly expand access financial
services
Build Trust
Develop mutually beneficial products
that deliver clear and consistent value
Promote Success
Drive positive consumer behavior through
smart design and communication
Create Opportunity
Provide options for upward mobility
Profitability and Scalability • Deep Customer Knowledge • Safety
Variation and Choice • Relationships • Cross-Sector Participation
These principles are grounded by a solid foundation of values:
8. Examples of How to Apply the Practices
Excerpt – Fee disclosure
9. Model Prepaid Card Fee
• Simple, clear,
straightforward
language
• Understandable, useful
design and format
• Balance simplicity and
comprehensiveness
• Balance of disclosure
and financial capability
• Consistent placement
10. Website links – www.cfsinnovation.com
• Compass Principles
• http://www.cfsinnovation.com/content/compass-principles
• http://www.cfsinnovation.com/content/compass-framework-and-tools
• Compass Guide to Prepaid
• http://www.cfsinnovation.com/content/compass-guide-prepaid
• http://www.cfsinnovation.com/system/files/CFSI_CompassGuidetoPrepaid_FI
NAL_6_1_2012.pdf
• Double Duty: Payment Cards as a Doorway to Greater Financial Health
• http://www.cfsinnovation.com/system/files/White%20Paper_Double%20Dut
y%20Payments%20Cards%20as%20a%20Doorway%20to%20Greater%20Finan
cial%20Health_CFSI_HudsonInstitute_March2013.pdf
• Thinking Inside the Box: Improving Consumer Outcomes through Better Fee
Disclosure for Prepaid Cards
• http://www.cfsinnovation.com/system/files/CFSI_Prepaid%2520Cards%2520
Whitepaper%2520FInal_0.pdf
• Consumers’ Use of Prepaid Cards: A Transaction-Based Analysis
• http://www.philadelphiafed.org/consumer-credit-and-payments/payment-
cards-center/publications/discussion-papers/2012/DP-12-02.cfm
