Drew Breakspear spent decades as a banker before becoming the top industry enforcer in Florida. He is empathetic to banks, realizes the growing importance of virtual currencies like Bitcoin and believes more bankers should serve on the Fed's Board of Governors.
Melissa Smith, the president of Wex since last May and its CEO since the start of this year, announced in a company memo on Wednesday that she is due in September with her first child.
Hans Morris, a former Citi banker and Visa president, is stepping back from General Atlantic to launch his own venture-capital firm. Nyca Partners plans to invest between $8 million and $12 million a year in companies that can "transform the way financial services are provided," he said in an interview.
Wells Fargo, a longtime laggard in the ultracompetitive credit card market, has been developing two new credit cards with partner American Express. Executive Brent Vallat also explains how a new bankwide rewards program could help its credit card growth.
The next decade should be a payments-industry renaissance, but thanks to established market shares and persistent consumer and merchant habits, familiar names will remain at the core.
Peter Orszag, a former White House economic aide and current Citigroup vice chairman, said Wednesday he "wouldn't buy Bitcoin right now," but he still mounted a moderate economic defense of the digital currency.
The issues Google solves with KitKat were among its biggest hurdles, but it's still too soon to declare a winner in the mobile wallet race.
Ten years from now, today's brick-and-mortar banks, and digital banking services, will look like quaint vestiges of a bygone era.