PayThink

Maybe it's better to leave home without it — people are at a greater risk of identity theft when they travel, USA Today reported Monday.

Short-term disruption of the financial services industry will most likely come from within: when banks partner with financial services entrepreneurs and embrace innovation. It's happened repeatedly in the payments sector: PayPal and Wells Fargo ten years ago, Square and JP Morgan Chase Paymentech today.

Expect more debt exchanges and cash tender offers from banks in the coming months. The strategy is rational and the alternatives for generating equity are limited at best.

Lots of ink has been spilled over financial events in Europe, but the essential issues are much more straightforward than they've been portrayed.

Yes, CUNA backtracked on the number of people who moved to credit unions on Bank Transfer Day. But so what? 440,000 new members is nothing to sneeze at. In fact, it's a stunning success.

As communication continues to digitalize and members become ever more mobile, credit unions need to stay ahead of the curve and ensure that they can communicate with members, no matter the channel.

Just because you are in the 1% does not mean you do not identify with and understand the needs of the 99%. But it does raise questions about how involved the "owners" are in the credit union's governance.

Four people allegedly broke into 200 point-of-sale systems by guessing their passwords or using software to crack the passwords.

Lars Svensson, deputy governor of Sweden's central bank recently urged the Federal Reserve to find ways to push borrowing costs lower — this even though we already have the lowest nominal interest rates in modern history.

In 1982, in the height of the first savings and loan crisis, the Federal Savings and Loan Insurance Corporation announced a new policy that would seek to hold those responsible — particularly directors and officers — for losses ultimately suffered by the FSLIC in resolving their failed institutions.