PayThink

The Federal Reserve should require community groups to disclose the contributions they receive from banks in order to ensure that controversial mergers receive fair public hearings.

There is money to be made for merchants who support mobile payments. However, cyber criminals have noticed and they want their cut, too. The newer and more untested the technology, the greater its potential vulnerability.

The central bank appears to believe the U.S. economy remains so fragile that it cannot withstand the mildest of rate increases. There's no better testament to the inefficiency of the Fed's monetary policies.

Frontline employees shape their own work environments as well as the experiences of their customers — as demonstrated by a trip to the much-dreaded Department of Motor Vehicles.

Looking at the majority of recent articles around the launch of Apple Pay in the UK, you’d be forgiven for thinking that the most exciting aspect of Apple Pay is its harnessing of Near Field Communication (NFC) technology.

It's been nearly a century since reformers and lenders agreed on 36% as a small-dollar loan ceiling. Inflation has since swelled production costs, and lending under this cap is no longer profitable. The result: fewer options for consumers.

Many online small-business lenders worry that future regulations could stymie innovation in this fast-growing industry. But well-designed requirements would simply ensure that online lenders can offer adequate borrower protections without giving up market share.

The House of Representatives has already passed two strong bills (the Protecting Cyber Networks Act and the National Cybersecurity Protection Advancement Act). We are now urging the Senate to take up and pass the Cybersecurity Information Sharing Act (S. 754) as soon as possible.

The CFPB's long-term reputation — and perhaps Dodd-Frank's overall success — may well be judged on whether the bureau moves beyond areas where it was specifically instructed to take action and exercises broader authority granted to it by Congress.

Payment system transformation has become a pressing need for banks today. The rate at which this is happening is largely controlled by the conflict between rapid technological shifts and the barriers to product acceptance.