PayThink

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including a case for the CFPB's debt collection regulations and the dangers of "real-time" transaction monitoring.

The U.S. will begin to officially jump on board the EMV bandwagon on Oct. 1.

During the Credit Union Campaign for Consumer Choice — the effort to pass the bill most frequently referred to in credit union land as HR 1151, but more formally known as the Credit Union Membership Access Act — the movement flexed its much lauded grass-roots muscle and generated scads of letters, emails and calls to congressional offices.

Former NCUA Board Chairman Michael Fryzel is calling on the current NCUA Board to contract for an independent audit of the corporate stabilization fund.

Too many bank customers feel disgruntled after interactions with their financial institutions' digital tools, calling centers and branches. Banks can solve the problem by taking a page from brands that have successfully marketed themselves as being on the customer's side.

Offering consumers more extensive ways to shop and pay whenever, wherever and however has become a competitive advantage for retailers. So what can the accounts receivable management (ARM) Industry learn from the retailers clamoring to provide their customers with a perfect "omnichannel" experience?

Supporting Apple Pay cuts into banks' profits. But it's worth it to stay relevant in today's fast-moving mobile payments business.

The compliance costs associated with the CFPB's proposed reforms to the payday lending would force many small businesses to close shop, reducing access to short-term credit for many Americans.

The line between in-store and in-app payments is blurring and the channels are not as distinct as they used to be.

Regulators can avoid extensive, after-the-fact investigations of banks' illegal actions by standardizing the form and content of transaction data so they can spot compliance problems in real time.