Bank income from debit card overdraft fees is variously estimated as $25 billion to $38 billion annually. The recently announced Federal Reserve Bank regulations requiring opt-in procedures will result in a gigantic hit to retail bank P&Ls, as we wrote about...
I think it’s fair to say that the success of remote deposit capture (which allows the recipient of a check to scan and deposit it electronically) took the payments industry somewhat by surprise. The early take on this offering seemed to be "hey, why not just change...
The Fed’s announcement on Thursday of a new rule prohibiting overdraft fees on debit card and ATM transactions without consumer opt-in is an economic earthquake for retail banks. The Center for Responsible Lending has estimated that banks make $23.7 billion in...
One of the good things about having a really odd company name is that people do remember it. We mostly heard skeptical laughs when Bling Nation first emerged from stealth. But lately we’ve been getting more questions…. I spoke recently to co-CEO and founder...
Erin McCune and I attended the Association for Finance Professionals conference in San Francisco on Monday and Tuesday. With 4,000 plus "practitioners" and vendors there, and a robust Payments Track, there was a lot of food for thought. A standout session was "Same...
My colleague Carol Coye Benson and I are attending the Association of Financial Professionals Annual Conference in San Francisco next week. If you are planning to attend and interested in getting together to talk B2B payments (or any other payment topic) let us...
Last week, Starbucks announced a raft of new mobile capabilities, with iPhone apps to enable consumers to use their phone as their card in a variety of ways, including seeing a balance and reloading. For the payments industry, however, the announced test of a...
At Glenbrook, we're fascinated by the topics of mobile payments (in general); the potential for new ACH applications; and the continued growth of eCommerce. So it was great to talk to Conrad Sheehan, CEO of mobile payment startup mPayy - who has moved his company...
The Glenbrook team is devouring advance copies of "Priceless: The Case that Brought Down the Visa/MasterCard Bank Cartel" by Lloyd Constantine. All I can say is "wow"! This is juicy reading that I'm sure all payments professionals will want to add to their book...
While the list of start-ups focused on mobile payments for digital content, eCommerce physical goods and/or person-to-person transfers continues to grow, another part of the industry is biding its time, with an eye on what may be a much larger prize. What’s at...
