BankThink

Ancient IT Hobbles Banks; Saving Hamilton

Banks are choosing to enable payment functionality through third party “Pay” wallet offerings in most part, and not their own mobile apps. And these are the same internet and technology companies banks themselves perceive to be their biggest threats.

It's hard to get consumers and merchants to change their behaviors. But eventually the convenience and well-crafted incentives of mobile payments will prompt people to give up the plastic habit.

Millennials are individuals first and millennials second. Demographers and sociologists may like to group consumers, but when bankers market to the average instead of the individual, it's a losing strategy.

Fed Inches Toward Rate Hike; A Woman on the Ten-Spot

The most striking thing about Apple Pay's recent loyalty announcement is that it included no loyalty program for Apple Pay.

2015 is shaping up to be the year that credit unions will start making serious moves to innovate their small business lending practices on par with upstart online lenders and provide the improved customer experience members expect.

Once the government makes the decision to prosecute, it's often to the fullest extent of the law — unless, of course, you head up a megabank.

The FDIC is proposing a complicated and expensive record-keeping requirement to prepare for the unlikely event that it liquidates a large failed institution instead of transferring its deposits to another bank.

Stress-Test Season Kicks Off; Overdrafts Slide