PayThink

Biometrics once seemed worlds away from mainstream use. But as this category of security technology gains momentum, has its time as a bank account authentication tool finally come?

Albert Einstein once said, "If I had an hour to solve a problem, I'd spend 55 minutes thinking about the problem and 5 minutes thinking about solutions."

American Bancorporation was the first-ever bank holding company thrown into bankruptcy by the holders of its trust-preferred securities. Regulators may be able to avoid similar bankruptcies if more flexibility is shown in allowing holding companies to access capital to pay off creditors.

Of all the presenters at CO-OP's recent THINK Conference, perhaps no one gave CUs more to think about than Gary Vaynerchuk.

The financial industry should focus on creating new methods of identification, authentication and privacy protection that ward off fraud while keeping consumer inconvenience to a minimum.

The regulatory focus must shift from prohibiting undesirable risk behavior to changing the incentives that cause that behavior.

The development of contactless technology, thanks to the NFC adoption in mobile handsets, is offering a new opportunity to create and develop value added services for the end user with an innovative and interactive experience.

Diebold Chief Innovation Offer Frank Natoli Jr. maps out what it will take to make biometrics a banking reality.

Historical patterns of human innovation suggest that the ever-expanding array of payment technologies will eventually hit a wall. Some of today’s most prominent payments platforms may not survive the next cycle.

Cities including Baltimore and Los Angeles have brought lawsuits against banks alleging that subprime lending to minority borrowers wound up costing municipalities tens of millions of dollars. A recent Supreme Court ruling could help banks deflect such charges.