BankThink

Why Does PayPal Care What People Think About Apple?

09/16/14

From the moment Apple revealed its mobile wallet to the world, PayPal has wasted little opportunity to take its share of digs at the product.

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If Bankers Want Simple Laws, They'll Have to Write Rules Themselves

09/16/14

Bankers can attempt to remedy confusing and ineffective consumer protection laws by assembling a task force of experienced bank attorneys and compliance officers to draft model legislation.

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FHA Fees Are Holding Back First-Time Homebuyers

09/16/14

The Federal Housing Administration raised mortgage insurance fees during the financial crisis in order to cover a wave of defaults. Now that the housing market has steadied, the agency should adjust its policies.

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Morning Scan: Banks Vie for No. 1 Slot in Apple Pay; Citi Nears IPO for One Main

09/16/14

Receiving Wide Coverage ...

Apple Pay's Ripple Effects: Big banks are vying to have their cards at the top of iPhone users' mobile wallets when Apple Pay debuts next month. Apple has yet to release details of how its mobile payments system will work, but the Financial Times reports that everyone is betting consumers will be able to select a particular card as the default payment option. That's a scary prospect for lenders like the San...

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Why Apple Pay Is Only a So-So Deal for Banks

09/12/14

Apple's desire to maintain tight control of the payment experience is likely to wind up pushing banks away from iPhones and toward Android and host card emulation technology.

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Morning Scan: Banks Partner with Apple, but Retailers Resist; Dimon's Recovery

09/12/14

Receiving Wide Coverage ...

Apple Pay Dissected: Apple Pay "respect[s] our role in the ecosystem" of payments, said James Anderson, senior vice president of product development at MasterCard. And therein lies one explanation of why banks were apparently so eager to partner with Apple on its new payments network, despite the fact they're expected to take a hit to some revenue streams (Apple must have a lot of clout, if this statement from the Times is...

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Banks Should Hedge Their Bets on Micro Branches

09/11/14

Micro branches have their merits Â-- but banks should be aware that changes in technology and customer preferences could render them obsolete.

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Legacy Bank Payment Systems and the Internet: A Toxic Cocktail

09/11/14

Until we know without doubt with whom we are transacting, the legacy payment networks cannot be made secure for Internet-sourced electronic payments.

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Morning Scan: Reactions to Apple Pay; Santander's Succession Plan

09/11/14

Receiving Wide Coverage ...

Paying with Apple: Banks have bought into what Apple's selling with its near-field communications-based Apple Pay system, as they like its security features, intuitive user experience and the Apple brand name, and also they harbor the hope that Apple Pay will drive additional credit card usage, as American Banker reported. Retailers, not so much. Yes, starting in October, you'll be able to wave your iPhone 6 in front of an NFC reader...

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Why the New York Times Is Wrong About Apple Pay

09/10/14

The New York Times ' Neil Irwin says Apple Pay is trying to solve a problem that isn't a problem, but heÂ's missing the point.

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