BankThink

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

Wall Street Bonuses Drop; JPM Says No to Coal

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.

CUNA turns banker questions on tax status, FOM and more back around on them.

Having banks hold fortress balance sheets and be limited to traditional intermediation would require giving them monopoly status over certain products.

B of A's Jobs 'Milestone'; Trump's Financial Friends

The news is full of debate over a replacement for Antonin Scalia on the Supreme Court, but the delays in filling seats on another important government panel — the Federal Reserve Board — should get more attention.

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.