The Journey Toward 2030: Becoming a Smarter Bank is your roadmap to what’s next, built around five bold pillars. We’re breaking it all down in a brand-new report — and a weekly video series featuring real talk from the front lines. 🔗 hubs.ly/Q03kkd9l0#SmarterBank
We’re close to decoding dolphin speech using AI. If we do, we are opening a new chapter in understanding animal intelligence that’s never been achieved before.
New @ABABankers statement expresses disappointment with @CFPB Section 1033 Final Rule “after so many years of good-faith efforts by parties on all sides to improve consumer outcomes." buff.ly/48ko6gK
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#Latefee rule not lowering cost. In the least surprising news of the day @Synchrony is raising fees and adding a paper statement fee to offset the late fee rule. All customers will be paying more to offset people who do not pay on time. #CFPB#MIMS
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🔥Hot Takes with @tonycornerst. First look at the @CapitalOne & @DiscoverCard merger. The why is simple. Growth, more cheap deposits, and expense savings. What makes this different? The network. Check it out and let us know your thoughts in the comments. #DebitCards#CreditCards
Durbin has added two more misguided senators to #CCCA as co-sponsors. He is also holding a hearing with the networks and airlines, which one can only assume is to skewer them for the cashback and mileage benefits. These abusive programs must be stopped for the good of us all! Grr
Another great effort from Glenn Grossman @GonzoBanker on the realities of #interchange! We need to continue to get this message out to regulators and legislators.
bit.ly/42OuwSJ
#PaybyBank the next payment rail? @sytaylor covers whether it can be successful in the US.
💵The gap in fraud mitigation has to be addressed
💵Consumer adoption must be tied to incentives
💵Regulation makes it easier to create a viable UX
sytaylor.substack.com/p/is-p…
#AI will play a role in #payments. While it is early the boat has left the dock. Excited to be a part of this issue. Shoutout to @DTPaymentNews for the opportunity
The more I spend time in fintech, the more I think interchange rates should be HIGHER. The biggest cost here is fraud - the more the regs allow bad actors to thrive (cough cough disputes) the more you'll see that number inflate. A politician assigning maximums doesn't work.
Them: Crypto is a fraud, look at SBF today
Me: Bernie Madoff
Them: Your point?
Me: The fraud isn't intrinsic to technology, it is intrinsic to humans. You and I also happen to be humans.
Is the #CreditCard Competition Act good for anybody? It's not good for consumers, small business, or #banks and #creditunions.
Check out a new episode of the What's Going On in Banking podcast with Michele Alt of Klaros Group.
lnkd.in/euRrf_8P#payments#Durbin