BankThink

Wells Fargo Eyes GE Business Loans; Chip-and-Pin Mayhem

When a mobile wallet fails, it doesn't go away. Companies can upgrade dormant apps and remove their functionality, but the apps stay on users' phones, each one a headstone in a growing digital graveyard.

More and more legal businesses are finding themselves shut out of the banking system. But there are a number of possible solutions-including passing a law that would require banks to maintain accounts for businesses able to meet some standard of due diligence.

In the same way that Napster and peer-to-peer file sharing changed the face of the recording industry, blockchain technology will force banks to reconsider their traditional roles.

Deutsche to Ditch Postbank; Does the DOJ Give Banks Sweetheart Deals?

EMV will require new payment processes that, while seemingly small to those instituting the change, require a shift in behavior that could feel monumental to consumers.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including thoughts on the sale of GE Capital and how the CFPB's new mortgage disclosure forms will shake up the industry.

The millennial generation, born between 1982 and 2000, will soon be coming into preeminence. This group — the credit union members of the future, is at least as large as the baby boom generation.

Machine-to-machine (M2M) communications are on the rise. From tracking room temperatures to monitoring equipment battery levels, these connected devices already have a solid foothold in today's corporate networks and together they contribute to the Internet of Things (IoT).

The potential for human error and fraud — such as a check being altered or deposited multiple times on different dates or at different credit union locations — are real and persistent challenges.