Karita

What Does Underbanked Mean?



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The term “underbanked” typically refers to individuals or households that have limited or no access to traditional banking services. This can include people who do not have a bank account, or those who have a bank account but also use alternative financial services (AFS) such as payday loans, check cashing services, or money orders. There … Read more

What is truncation?



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Truncation implies the possibility of replacing the original documents with computerized records for collection through payment systems. It is a procedure by which the entity that takes a document transmits the information about it to the released entity, without the need to send the original document "truncated" to carry out the operation. The documents that … Read more