From the category archives:
Glenbrook’s Erin McCune is in Orlando for BAI’s Payments Connect conference.
At its Payments Connect conference BAI assembled a dream ACH panel, consisting of:
Jan Estep, CEO NACHA
Rich Oliver, EVP Retail Product Manager, Federal Reserve
Rossana Salaris, SVP, Payments Products, The Clearing House
Stephanie Sturgis-Griffin, CEO Pariter Solutions
The session was moderated by Fred Brothers of eCom Advisors.
On stage yesterday [...]
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The Fed announced this morning that 99% of checks are now clearing electronically between banks. During a period of unremitting bank-bashing, let’s take a moment to applaud a real home run by the bankers. The radical transformation of the check infrastructure, accomplished over the last six years, is due to some very smart law-making (the [...]
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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 afternoon I visited the Federal Reserve Bank of San Francisco. I am on the board of the SF Treasury Management Association and every year we organize a tour for our members. The Fed Reserve tours are open to the public and geared toward high school-aged kids. But everyone gets giddy around piles and piles [...]
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In just 30 days, on September 18th, the new International ACH format – IAT – and accompanying NACHA rule changes go into effect. This is the most significant change to the ACH network in decades, affecting corporate payment initiators, financial institutions of all sizes, financial software companies, and payment service providers. The new rules have [...]
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Tonight CNBC airs a program on the origins of the economic crisis, including an interview with Greenspan who claims that the Federal Reserve could have taken steps to prevent the housing bubble, but doing so would have prevented the economic boom and dramatically increased unemployment.
Clearly you cannot diffuse these things unless you hit them right [...]
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At Forte Financial Glenbrook Partners we’ve been gripped by the credit crisis, yet drowning in news and data. We suspect that you, too, would appreciate a guide to the gems of insight and plainspoken verbiage that explain, question, and illuminate these unprecedented times. So we’ve selected the best of the coverage – an admittedly subjective [...]
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Glenbrook Payments Boot Camp
Mar 10-11, 2010, Santa Clara, CA
May 19-20, 2010, Santa Clara, CA
Headlines from Payments News
