Opinions

In focusing on private blockchains, banks make the same mistake companies made in the nineties when they favored private information networks over the open protocols of the Internet.

The third party wallets, or the “pays” as they are called, are failing to make a splash. Mobile wallets which let you pay any merchant from your smartphone are simply not a reality today.

Hailed as a space- and cost-saver, interactive video teller machines don't always succeed as a strategy. Many banks offer them without a clear business case to justify the investment.

Supplanting a 50-year-old interbank network with the technology tied to bitcoin sounds provocative. Here's why it's not that crazy.

The idea of banks becoming Token Service Providers (TSPs) is an increasingly relevant move.

In explaining the bank's commitment to the Chase Pay mobile wallet, an executive told investors in February that the mobile payment landscape was going to get more complicated before it gets simpler.

Encryption keys are vital to the secure operation of payment acceptance devices. But key transport protocols have not kept pace with the movement toward standardized encryption practices. This adds cost and complexity to payment infrastructure and processes.

Despite billions in revenue annually, legal marijuana businesses have yet to find a solution to the industry’s lack of reliable payments, banking and other financial services.

Regulators are quick to laud "core" deposits and so-called stickiness, but the reality is that brokered deposits — especially CDs — have become some of the most stable and cost-effective funding available.

Bank of America's mobile app can do almost everything that used to require a branch visit, says Michelle Moore; Lebenthal and four other women-owned firms land a big deal on Wall Street; Sallie Krawcheck joins the board of Blythe Masters' blockchain startup; Morgan Stanley's Carla Harris says both skills and spirituality contributed to her success. Also, the woman Obama is considering for the Supreme Court seat.