California Mobile Wallet for the Unbanked
Electronic Financial Services to those "Off the Grid"
California: 3 Million Undocumented, unable to get a bank account due to Federal KYC Regulations.California AB 1177 - CalAccount Blue Ribbon Commission
Tasked with providing basic financial services to the Unbanked in California.
San Francisco Federal Reserve has shown support for initiatives helping the Undocumented get bank accounts, for example Bank On San Francisco.
California Mobile Wallet: Built by Clear Purchase as an independent corporation, with CalAccount oversight.
Clear Purchase: We provide the Interoperability: Payroll, Bill Pay, Purchases, International Remittances.
- Private/Public Partnership Proposal presented to California State Treasurer Fiona Ma, chair of the CalAccount Blue Ribbon Commission.
- Running Prototype: Funds Transfers, Purchases & International Remittances.