As is the case with many people in our industry, I’ve been giving a lot of thought recently to Bitcoin. When ever I run into something new, or puzzling, I try to find comparisons to help me understand it. And comparisons abound in Bitlandia. Many people compare...
NACHA recently announced plans for a phased introduction of same-day settlement for ACH. I spoke with NACHA President and CEO Jan Estep this morning about the initiative. First of all, I congratulate Jan – and the ACH community – for picking up the fallen banner,...
One of the pleasures of joining Glenbrook has been getting to know what and how the other Glebrookers think about what's happening in the payments industry. We talk a lot at Glenbrook. Over iChat, email, mobile phones, Skype, Google Hangout with voice and video,...
A great friend of Glenbrook’s is Broox Peterson, formerly Senior Vice President and Assistant General Counsel at Visa International and currently in private practice. Earlier we posted his article So You Want to Start a Payments Company? which has helped many...
Here are some thoughts on big actions that industry incumbents could take to strengthen their positions and the U.S. payments industry. What do these ideas have in common? First of all, they are infrastructural or market-wide. Secondly, they all ask one or more...
I had the opportunity to attend the launch event of Green Dot’s new GoBank yesterday (1/15/13) in San Francisco and came away quite intrigued. Sure, there are a plethora of financial services targeting the unbanked and underbanked, but what I found most interesting...
The NACHA membership has reportedly turned down the concept of "Same Day ACH". This was a request for comment, put out about a year ago by NACHA staff, to -- get ready for this -- not move the ACH to same day, but simply allow originating banks the option of...
A great friend of Glenbrook's is Broox Peterson, formerly Senior Vice President and Assistant General Counsel at Visa International and currently in private practice. In 2006, Broox wrote a very popular article that we shared on PaymentsNews.com. He's just updated...
Talking to banks and the biggest bank technology vendors at NACHA’s annual payments conference last week I couldn’t help thinking how they suffer from similar challenges. Big banks are hampered by their complex technology environment of legacy solutions with layers...
I’ve spent part of my weekend contemplating the public relations hubbub that broke out late last week around Bank of America’s announcement that it would assess a $5 monthly fee on certain of its checking account holders who choose to use their debit cards for...
