PayThink

Banks need to figure out how to provide more value to customers or nonbank financial services companies could displace them.

Assuming that a wireless protocol is to be deployed for ease of use, the key decision to be made is the transport for communication between In-vehicle infotainment system (IVI) system and pump, writes Jim Carroll, chief technology officer at Mobica.

To take Bill Gates’ anti-cryptocurrency comments at face value is to dismiss out of hand a $500 billion cryptocurrency market and the thousands of traders, scientists, engineers, academics, businesspeople and media professionals it employs, writes Rob Viglione, co-founder of ZenCash.

The Consumer Financial Protection Bureau's “Project Catalyst,” launched six years ago to help fintech companies navigate regulations, has failed to deliver.

While building consumer trust in these new payments methods will undoubtedly take time, the possibility of freeing consumers from physical payment objects — cash, cards, phones — would be transformative, writes Beatta McInerney, business development manager for payments at ScanSource.

Eno is into reality TV, says Capital One's head of artificial intelligence. Who's afraid of big, bad Amazon? Not Nandita Bakhshi. Goldman Sachs won’t be breaking any glass ceilings. Plus, a study on sexual harassment in banking.

Use of alternative data in traditional credit scoring would help consumers access the banking system and lower their cost of credit.

As financial institutions find themselves at the center of political fights on topics like energy financing, marijuana and guns, they should avoid caving in to activist demands.

The acting director’s five-year plan shows that he wants to bring moderation to the agency, not ruin it from within.

Many of the same protections for mobile payments, such as tokenization and single-use keys, can come into play to protect in-car payments, according to Jim Carroll, chief technology officer at Mobica.