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In Prisons, Sky-High Phone Rates and Money Transfer Fees

Our portfolio company American Prison Data Systems (APDS) is attacking this problem head on and we're extremely proud to be involved.

Inside the razor wire on Eagle Crest Way, in rural Clallam Bay, Wash., telephone calls start at $3.15. Emails out, beyond the security fence, run 33 cents. Money transfers in, to what pass for bank accounts, cost $4.95.

Tags

prison banking, prison, underbanked, un-banked