(MENAFN- PRLog) -- Small Business Capital Fund of MS, Inc. (SBCF) , a Community Development Financial Institution (CDFI), lender of non-traditional loans to small minority and women own businesses, today announced that they have launched a new community initiative product, the latest in fintech banking, the Accountable Card Fintech Initiative. Under the banner of Accountable Card Program, this phenomenal product is a hybrid-Visa Brand Debit Card, with a FDIC insured bank account, a digital wallet with the capability of bank to bank, bank to card, card to card, bill pay, and ACH direct deposit. All designed to bring financial inclusivity to the underbanked and unbanked markets. In addition, SBCF has teamed up with Green Dot Corporation to bring over 100,000 locations nationwide for cash points deposits to your Accountable Card. Created to better meet the needs of the unbanked and underbanked community, this product is truly unique.
We asked J. R. Jones, Chairman of SBCF and CEO of SBCF-FS, what makes the Accountable Card Product so unique. 'It creates a banking and financial ecosystem that is a true alternate to traditional banking, inclusive to all socio-economic status,' says Jones. 'The launching of the Accountable debit card and mobile wallet is a important first step, within the next few months cardholders will be able to pre-qualify for a micro line of credit for emergency spending.' In addition to, now here is where Accountable comes in, says Mr. Jones, CEO, 'Our members/cardholders will be issued crypto currency within the first ninety days of account usage and a portion of all corporate earnings will go into a newly established Accountable Community Reinvestment Program. So, as for as financial products, we want to meet our customers where they are now, plus educate and integrate them into the future of digital currency.'
'The need for such a product became more apparent during the economic shutdown due to COVID-19. Businesses shifted their business model largely from in person purchases to online and delivery. Leaving those in the community without the ability to buy online or access to direct deposit, out in the cold, or rather, out in the Covid-19 pandemic risk,' stated by Mr. Jones.
You can sign up and become a member of the Accountable Card Family by downloading from Google Play Store (android) or Apple Store (I-phone) under the name Accountable Card. Or go to for more information.
Contact
J. R. Jones, CEO/Chairman
601-927-0629
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