PayThink

Banks should adhere to high moral standards by discouraging people from going needlessly into debt. The concept of "fly now, pay later" does not promote consumers’ financial responsibility.

A cyberscam that profited by swapping out Web ads to generate referral revenue also left its victims open to more direct financial fraud.

The Volcker Rule, enacted as part of the Dodd-Frank Act in 2010, has lately received a lot of adverse commentary. The complexity of the draft implementing regulation, and the clear indication in the regulators' accompanying questions that they did not know how to make the rule work, has produced a new round of criticism. But that’s only one of the problems this rule creates, and a relatively minor one.

Overdraft elephants are hiding in plain sight in bank and credit union boardrooms. No one admits seeing them. No one talks about them. The less said the better.

There's bad news for those who withdrew funds on Bank Transfer Day to punish the targets of their ire. Most banks don't really need their money — at least not right now.

Apple's iPhone App Store is not as airtight as many believe, according to a researcher who managed to get a malware app through Apple's vetting process as a proof of concept.

Today, the global financial reform agenda is increasingly targeted toward reducing the size, scope and systemic risk posed by large institutions. However, it appears to be the consensus that breaking them up is either politically or economically unwise.

The Defense Department is offering a year of credit monitoring to the nearly 5 million people affected by a data breach in September.

The Hacktivist group Anonymous, which has been linked to various attacks and exposures against financial companies, law enforcement agencies and other entities, exposed the personal information of several people as part of its celebration two holidays this past weekend.

A risk-based fraud detection and authentication system allows institutions to make customer relationship and transactional decisions based not on a handful of rules or conditions in isolation, but on a holistic view of a member's identity and predicted likelihood of associated identity-related fraud.