PayThink

Understanding the management of Bank of America is now next to impossible. What makes them want to anger 50 plus million solid retail customers while their entire operation is in damage control? Five million customers from the bank I headed joined this group when B of A acquired it in 1992.

There are 7, 500 banks in this country. Of those, 6,800 have asset sizes of a billion dollars or less. This diversity enables our banking system to support the world's largest and most dynamic economy, and it is what sets us apart from other countries whose banking industries are highly concentrated. Prosperous, American-based global enterprises — which do business with America's largest banks — beget mid-size suppliers that are served by regional banks. Small businesses in this supply chain are in turn nurtured by community banks, which work to make Main Streets across America vibrant.

Microsoft’s Security Essentials is supposed make sure that Windows users stay virus-free when they surf the Web. Last week it took its mission a bit too far, removing a popular Web browser entirely.

An analysis of your member base will usually show that members havecommon traits regarding their business activities, profession, incomelevels, etc.

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.