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What Can Banks Do Better For You?

By Marc DeCastro

On January 28th, I attended an event put on by the Massachusetts Bankers Association for CEO's and Senior Management. The well attended event was an opportunity for bankers of smaller institutions to discuss some of their biggest challenges and to think strategically about the road ahead. A keynote at the end by Claire Shipman of ABC News helped to frame the political landscape and the impact Washington has over the banking industry.

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In the last two months, we have had three announcements of add-ons for smartphones that will allow users to read the magnetic stripe on a payment card, in effect turning the devices into wireless payment terminals. On December 1, 2009, Twitter founder Jack Dorsey announced a private beta for Square, Inc. through his Twitter account and a few technology blogs, including TechCrunch and the Los Angeles Times.  Unusually, there has been no press release or mainstream press coverage. On December 8, 2009, pr

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Will US regulatory reforms be too much to bear for smaller institutions? In short, we believe no, and here's why.

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Interchange: What's the Solution?

By Aaron McPherson

There was a major article in the New York Times today - "How Visa, Using Card Fees, Dominates a Market" - about the controversy over the interchange fees merchants pay, which included some interesting historical context and provoked a lively debate in the comments area.  I posted a comment of my own (#246), which is reproduced below, for those of you who don't have time to sift through all the entries:


If you weren't able to join us on our 2010 predictions webcast today, I wanted to at least share one of the predictions, specifically for Capital Markets, that I spoke to. I talked about capital markets reform being more bark than bite.

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  • 50 to 60 Billion Dig…
    Michael Versace says:
    This just popped up again.  Am interested in updating this forecast.  Would anyone be interested to renewing the model?
    5 months ago
  • 50 to 60 Billion Dig…
    Michael says:
    25% and we're there, mark of the beast. Finally! 
    5 months ago

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