Look ma, no hands (or mag stripe): Sporting eyewear with a built-in camera, a cashier or flea market vendor could accept a payment card simply by looking at it.
Goldman Sachs is raising money for a new fund that will buy home-loan bonds and, it hopes, benefit from an improving real-estate market. This is insane.
Watching Louis Davidson's eviction it became clear to me that nobody in the beltway mansion that Fannie calls home had any sort of compassion for what a homeowner halfway across the country was going through.
In June the G20 will be figuring out the nuts and bolts of a standard global identification system for financial transactions: who administers it, how it is defined and how it is implemented.
The Durbin amendment did not so much make the economics of low value payments unsustainable as reveal the fundamental truth that they were unsustainable to begin with.
Nancy and Ray scour the highways and byways looking for ATMs lacking proper fee-notice signs. When they find one, they make a cash withdrawal, take a picture and file a class-action lawsuit. They are not alone.
My first instinct as a credit union CEO is to say that more banking institutions need to stop looking at their customers as just numbers on a balance sheet.
You never know if a small business owner is sitting around frustrated with his current bank - but not quite motivated to pick up and leave without prompting.
The average student debt upon graduation won't quite reach the level of the average subprime mortgage, but the "investment" in education will likely be farther underwater than the average subprime house.
In 54 of the years of the 20th century, a banking crisis started somewhere and these crises involved scores of countries. Banking is fundamentally risky.
