PayThink

Mr. Swanick got one thing right in his piece "So Where Are Those Post-Durbin Price Reductions for Consumers?" (Oct. 10): "No one likes price increases, especially when they appear suddenly and without apparent justification." Hidden, unjustified price increases are what the merchant community and our customers have been facing for years with the way big banks and card networks collude to set both credit and debit card interchange swipe fee prices.

It may seem difficult to envision exactly where robust economic activity and growth can be generated in the U.S. right now. However, there is a promising area of growth for the nation's economy: exports and international trade.

When I am asked "How do we get bank customers back into the branch?" my answer is simple: How would you get them back into a Borders or Blockbuster store?

The U.S. and the world should follow the lead of the U.K. Vickers report and ringfence traditional banking, so shareholder equity and depositors’ money can be used only to lend to viable borrowers.

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.