PayThink

The word “tokenization” is being used far too broadly to describe a variety of payment security methods that perform different security functions.

Before banks are truly integrated into the digital landscape, they must break down data silos and implement steps to make data more accurate and actionable.

The impending Consumer Financial Protection Bureau proposal will limit access to payday lending but it will not enable small-dollar lending alternatives for consumers.

For many banks, the increasing popularity of mobile payment platforms such as Venmo and Apple Pay, among millennials in particular, should be cause for concern.

It's easy to get lost in the technological complexity of "application programming interfaces," but banks need to stay focused on improving business and customer outcomes, which is the ultimate goal.

Several years after regulators began developing the "net stable funding ratio," there is good reason to ask if its utility has been eclipsed by other liquidity-related rules.

A recent article in American Banker suggests that U.S. Bank is beginning to charge consumers $6.95 for an instant payment.

Federal rules for technology-based firms providing the fast-moving sector certainty and consistency would be a benefit, even if rules are suboptimal.

Banks should prepare for renewed scrutiny of their anti-money-laundering efforts in the wake of the headline-grabbing leak of the Panama Papers.

The idea of allowing a merged credit union to maintain its identity as a "division" of a network CU is interesting, but small CUs should look to CUSOs and their trade groups for resources that would allow them to remain independent, according to former NCUA Board Chairman Michael Fryzel.