PayThink

More information – including financial information for Citi's top executive – has been exposed by a group affiliated with the 'hacktivists' Anonymous.

Ever since the Durbin Amendment was enacted, ultimately cutting the interchange revenue banks get from debit cards by around half, one of the loudest and most persistent complaints has been that the government should not fix prices—at least not for banking.

Illinois Gov. Pat Quinn showed he had done a little homework prior to recent remarks before NASCUS' annual meeting. "The word 'credit' in Latin means 'to believe,' and that's what credit unions do: they believe in people."

Now is the time to market aggressively to members and non-members alike, making the case for your credit union to become their primary financial institution.

The big banks finally unveiled their response to the fact that instead of making 44 cents on a debit card swipe, they would now only make 24 cents. And the response looks good for credit unions.

It's not just customers that need to know about data breaches — it's investors too. The Securities and Exchange Commission has asked public companies to disclose any cyber-attacks that could lead to a financial loss.

The economic pain inflicted on millions of citizens and businesses by the collapse and eventual bailouts of some of Wall Street’s largest financial firms reveals why community banks should continue to distinguish themselves from systemically risky financial firms.

Proponents of national servicing standards aren't gaining much traction in their efforts to eliminate conflicts of interest.

A new version of the Zeus financial malware uses peer-to-peer technology to improve its defenses.

"Face It, Bankers: You're Not Apple" by Andy Sobel [BankThink, Oct. 11, p. 21] contends banking shouldn't focus on innovation and instead should act like the utility sector. It conjures a Prius-driving straw man who only wants his bank to deliver cash from the ATM – "a human right," as utilities deliver water from the faucet.