PayThink

As a finance manager, you're going to work according to your pay plan. You are going to go with where you can make the most money, but also where you can get that deal bought. It's the last part of that sentence that should be of the most interest to credit unions looking to work with auto dealers.

Many small and midsize businesses have fallen victim to a recent deluge of phishing attacks.

Many bankers are employing a botox business strategy of reaching for yield in the current low return environment. It involves toxic injections of risk to cover up performance wrinkles. Unfortunately, it has potentially ruinous long-term side effects. The strategy is based on the mistaken belief that risk creates return. Thus, if you cannot get desired returns from safe investments, then all you need to do is turn up the risk appetite thermostat and take more risk.

In retail banking, we look for trends: the branch of the future; the winning mobile banking platform; prepaid cards. It's harmless fun.

Text messages – and any sensitive information they contain – may last a lot longer than people realize.

Even the most familiar people can be easily impersonated online by a determined scammer. This can lead to thousands of dollars in fraud.

When Michel Barnier of the European Commission singled out auditors for enhanced scrutiny this week, he was reacting to anger, in Europe at least, over the "no bark, no bite" behavior of accounting "watchdogs" before, during, and after the financial crisis.

Is Bank of America charging for debit cards because it is shortsighted or because it is too bloated to compete against smaller institutions for consumer accounts?

"In financial ecosystems, evolutionary forces have often been survival of the fattest rather than the fittest." So says Andrew Haldane, Executive Director for Financial Stability at the Bank of England. He is right.

A cloud is hovering over bankers due to the Durbin Amendment and its impending impact on their revenue. However, for bankers who focus on unique opportunities to grow their customer base, these regulatory changes coupled with emerging technologies can present a profitable silver lining.