PayThink

As U.S. issuers and financial institutions prepare for the shift to EMV, two significant benefits over traditional magnetic stripe cards are clear: increased security and reduced incidences of card fraud. However, the migration itself poses risks that must be addressed.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Consumers facing mortgage trouble want help and are looking everywhere for it. Paying close attention to where and how homeowners seek information is how the servicing industry will put itself on the fast track to a better reputation.

A recent Washington Post article reported on a debate between Nobel Laureate economist Robert Shiller and Vivek Wadhwa of Stanford University.

Phone calls interrupting my lunch are common, but this was one of my primary financial institutions trying to reach me, according to Caller ID.

In seeking to get the crowd engaged at last week's Herb Wegner Memorial Awards dinner, emcee and host Denise Gabel sought to rate the popularity of various things by applause.

Building simplified digital experiences, especially in financial services, is critical to institutional survival.

PayPal's history suggests that the problem of Bitcoin fraud will only get worse as the electronic currency gains momentum.

Instead of dwelling on tired arguments, industry reps and consumer advocates should focus on, among other things, ending the debt cycle, promoting financial literacy and helping borrowers build credit.

The need that drives millions of people to seek out small loans isn’t going away. Lenders can fill the gap by restructuring payment models, focusing on a borrower’s ability to repay and developing a variety of solutions.