PayThink

To shore up the share insurance fund, the National Credit Union Administration would be wise to give the industry additional temporary investment options.

It won’t be too long before the majority of banks globally will instantly issue, driven by the practical need to reduce physical contact during the pandemic, says ME Bank’s Steve Price.

It’s about time that we stopped ranking personal data theft on perceived severity. Any breach in which personal data is stolen needs to be treated as highly serious and punishable, says Juniper Networks’ Laurence Pitt.

Better dialogue between banks and authorities coupled with stronger anti-money-laundering measures could help address the suspicious activity report flaws revealed by investigative journalists.

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

Risking traditional profit generators in return for potential revenues down the line is a gamble many have not been willing to take. But immediate payments are coming to the U.S. whether banks like it or not, says Icon Solutions' Lauren Jones.

For invisible payments to gain mass consumer adoption, there are several cultural and logistical barriers that retailers and the payment industry must consider first, says PPRO's Matt Jackson.

Bankers should cast a wider net for applicants and hold listening sessions with their minority employees if they truly want equality.

Deployments are much easier now, though some businesses still have memories of the complicated old days, says Nvoicepay's Doug Seaberg.

A nationwide branch network remains a calling card for the entire industry, while also exemplifying the movement's cooperative spirit.