BankThink

Fears Raised on Hack of Phone-Card Maker; JPMorgan's Cyber Army

The mobile point of sale (mPOS) market is growing quickly—ABI Research says about 46% of the overall point of sale market will be mobile in four years. But the technology is complex, requiring a careful strategy.

The FDIC is taking important steps to undo the damage caused by Operation Choke Point — but fraud prevention company Early Warning apparently didn’t get the memo.

Banks' business models are even more vulnerable to a massive shake-up than industry behemoths like McDonald’s and Coca-Cola. The industry will be redefined by technological change and shifting consumer preferences, as well as by regulations that limit the sector's adaptability.

At the top of the agenda for Thursday's NCUA Board meeting is a review of how the agency defines small. One small CU suggests this is a hugely important topic for the industry.

Timing of Interest-Rate Hike Questioned; Subprime Borrowing Booms

Despite the pending October liability shift, there are many small and mid-sized merchants and merchant service providers that are only starting to learn about the EMV standard and beginning implementation project plans.

Right now, financial institutions are not required to know the identity of the living, breathing person behind accounts owned by legal entities. The beneficial ownership rules proposed by Fincen would help expose money launderers, tax evaders and criminals.

Encouraging the financial industry to explore faster payments is all well and good. Effectively directing it to do so, however, is beyond the Fed's authority.

Prosecutors Raid HSBC's Swiss Offices; B of A CEO Takes a Pay Cut