From the category archives:
Green Dot’s IPO plans revealed that they are becoming a bank holding company. This is completely fascinating to me – and gives, I think, a peek at what may come for retail banking in the future.
At Glenbrook we’ve been talking, thinking, and writing for some time about two related issues. One is the [...]
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A few weeks ago, Glenbrook issued a challenge to Payments Views readers: “What Are the Best Ways for Banks to Replace Lost Overdraft Fee Income?“ Given how significant the financial hit will be (JPMorgan Chase estimates a 2010 impact of $500 million after-tax), we thought we’d at least get some good ideas. [...]
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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 recently. JPMorgan Chase, for example, in a recent investor presentation, estimated [...]
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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 overdraft fees annually; the New York Times said this morning that Fed officials had put [...]
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This montage of bank TV ads chronicles the shift from old white men in ties, speaking directly to the camera, oozing old-world respectability in an effort to earn your trust – with a sprinkling of the old-west featuring the Wells Fargo stage coach – to ethereal, global images emphasizing the vast reach and interconnectedness of [...]
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GTNews – the go to source for global treasury news – is soliciting questions about SWIFT connectivity for Corporates. If you’ve been meaning to learn more, go to the GTNews home page and navigate to the blue box on the bottom right.
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It’s springtime, and annual payments statistics are starting to bloom. A good time, perhaps, to consider the state of business-to-business (B2B) payments. NACHA recently released figures showing that ACH CTX transactions grew by 15% in the fourth quarter, compared to the previous year. Earlier, Visa disclosed that their fourth quarter commercial volume [...]
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Advertising Age picked Bank of America’s mobile banking efforts as one of the leaders in its Digital A-List 2009.
Rita Chang writes:
Underlying all of the marketer’s moves into mobile services and marketing is a key insight: Give people more control over their banking on their own terms, and you’ll win their loyalty.
How about you? Are [...]
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Last year I attended the original BarCampBank San Francisco and had a fantastic time (I blogged about the experience here.) It is an unstructured, participant-organized, conference on banking/payments/financial services innovation.
BarCampBank events have been held in cities around the world and are refreshingly open and informal. If your budget is tight, your company is limiting [...]
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Amid increased government ownership of Citibank, persistent rumors that BofA is next, and announcement of the Obama administration’s budget, there has been increasingly loud debate over bank nationalization.
The media pundits and blogosphere are a cry with claims of pending socialism and the “Europeanizaton of America” – which, while provocative, aren’t necessarily true.
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The latest post at the Wells Fargo-Wachovia merger blog hints at the complexity involved in integrating the two banks' services, technology, and products. Let alone the people + organizational structure!
I admire their honest, open approach.
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Photo: SF Chronicle
The SF Chronicle interviews Wells Fargo CEO John Stumpf in today's paper.
The Wells Fargo – Wachovia merger blog inspired rave reviews and sets the bar high for other financial institutions considering blogging
The Finanser (Chris Skinner) – "Therefore, this could prove interesting in creating a corporate case study in how to manage [...]
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According to a recent survey by CFO.com of finance executives, not only does it cost more to borrow in the current climate, but the quality and breadth of services available from commercial lenders has deteriorated. Seems the bankers are too preoccupied trying to remain in business and keep their jobs to tend to their customers. [...]
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In honor of Thanksgiving the WSJ MarketBeat blog updated its bailout scorecard. The matrix summarizes who was bailed out, describes the program, why, who was helped, who paid, and – most importantly – is it working?
Check it out here.
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Confused by the various Fed lending programs for banks? Here's a handy quick reference guide from the Fed Reserve of NY.
Download PDF
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Glenbrook Payments Boot Camp
Mar 10-11, 2010, Santa Clara, CA
May 19-20, 2010, Santa Clara, CA
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