This section includes financial services companies that contract with U.S. prisons and jails to provide incarcerated people with electronic money transfer services, bank and "work pay" accounts, prison release cards, and other banking services.
Corporate involvement in the prison banking and financial services industry is dominated by privately held companies, including Access Corrections, JPay, Keefe Group, and ViaPath Technologies (formerly GTL). In the wake of several major financial services companies ending their prison release card operations, Western Union, which provides money transfer services to people in prisons and jails, is the only publicly traded company on our database that is involved in this industry.
For our 2017 report on this industry, see here.