The Demo Site

An article in The Federal Times written by Gregg Carlstrom reports that one possible new stream of revenue for the Postal Service could be banking.

Several European posts are also banks, thus generating revenue. In some of these countries commercial banks run daily operations in postal retail offices. This may be the model in which possible banking services could be incorporated with The United States Postal Service.

Such an idea must pass through congress for approval first. Additionally, great opposition from existing financial institutes would be a road block. A post/bank would be immense competition to financial institutions with the Postal Service readily available network of retail outlets.

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May 31, 2009