PayThink

In the past, bank investment aimed at gaining a proprietary edge through new methods of consumer payment has consistently been poorly rewarded. Expect another repeat.

In business speed and accuracy are necessary to remain competitive, yet the critical function of receivables management often gets overwhelmed in sheer volumes of paper and data flows. Checks are a big reason why.

Australia's Louise Petschler happened to be in the U.S. during the recent elections as part of a presentation to a group of credit unions. That experience was quite interesting, she said, sharing a couple of contrasts to how voting in Australia differs from voting in the United States.

Imagine this actually happening here. The country's largest savings banks and largest credit unions come together and agree to henceforth be known as "mutual banks." Both swear off ever using those two-word identifiers-savings bank and credit union-ever again. They even sign on with the same trade group.

The motto of the Michigan State University Federal Credit Union (MSUFCU) is" Building Dreams Together" and their actions clearly show that they are true to the words they speak.

I have to agree with Mr. Moriarity's letter to the editor in the Dec, 3rd issue of Credit Union Journal and after reading Mr. Diekmann's article entitled "NCUA Posts More Info About Budget On Site" it just seals the deal.

Know where - and when - your bank's target audience goes online for information and social interaction. It’s better to have just two social media channels that are well-supported than five left unattended.

Only one day after Federal Reserve Board Chairman Ben Bernanke announced that regulators are close to finalizing the Volcker Rule, House Republicans continue their attack.

The Consumer Financial Protection Bureau issued a proposal which would allow banks to test different disclosure programs on consumers. The testing would make disclosures more succinct and cost-effective.

Majority Leader Harry Reid's proposed two-year extension of the Transaction Account Guarantee has been put to a stop.